IPO
Amagi Media Labs’ Rs.1,798-Cr IPO receives 30x bids
The INR 1,798 crore initial public offering (IPO) of Bengaluru-based Amagi Media Labs was subscribed more than 30 times its offer size. The company received bids for nearly 82.40 crore shares, as against an offer size of 2.73 crore shares. Retail Individual Investors (RII) subscribed their reserved portion 9.31 times. Non-institutional investors (NII) subscribed to their reserved portion nearly 37.36 times. Qualified Institutional Buyers (QIB) booked their portion 33.77 times.The Amagi IPO consisted of a fresh issue of INR 816 crore and an offer for sale worth INR 973 crore by the existing investors. The price band for the IPO was set at INR 343-361 per share. The firm raised INR 804.87 crore from 42 anchor investors on January 12.Amagi Media Labs provides cloud-based Software-as-a-Service (SaaS) (SaaS) solutions for the media industry, enabling broadcasters and content owners to deliver live and on-demand video over the internet (streaming) to connected TVs, mobile, and other devices, replacing traditional hardware with cloud infrastructure for managing content, scheduling, and inserting targeted ads.
Between Oct 2009 and Nov 2022, Amagi Media Labs had attracted about USD 373 M from Mayfield, Nadathur Holdings, PremjiInvest, KKR Emerald Media, Accel India, Avataar Venture Partners, Norwest and General Atlantic.For FY25, Amagi Media Labs had reported about INR 1,163 Cr in Operating Income and about INR 69 Cr in Net Loss.
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