Shares of Amagi Media Labs made a weak debut on Dalal Street on Wednesday, 21 January, listing at a discount to their issue price despite robust demand during the initial public offering.
The stock opened at Rs 317 per share, around 12 per cent lower than the IPO price of Rs 361.
Amagi Media Labs’ Rs 1,780 crore IPO was subscribed nearly 30 times overall, driven primarily by strong interest from non-institutional investors. The NII portion was subscribed 37 times the shares on offer, while the qualified institutional buyers’ segment saw a 34-times subscription. The retail investor portion was subscribed nine times.
The IPO consisted of a fresh issue of shares worth Rs 816 crore, with the remainder being an offer for sale by existing shareholders. Proceeds from the fresh issue are set to be used to fund inorganic growth through acquisitions, as well as for general corporate purposes, the company said in its offer documents.
Founded in 2008, Amagi Media Labs operates as a global software-as-a-service (SaaS) company, providing cloud-based solutions to television networks, content creators and streaming platforms. Its products help clients create, distribute and monetise video content across platforms.
The company has shown improving financial performance in recent years. Amagi turned profitable in the first half of financial year 2026, marking a key milestone in its growth journey. Losses narrowed sharply in FY25 to Rs 69 crore, compared with Rs 245 crore in the previous financial year, reflecting better operating leverage and cost control. |
