Amagi Media Labs made an underwhelming start on the stock market.
On listing day, the shares opened at Rs 318 on the NSE, down 11.9% from the issue price, and at Rs 317 on the BSE, down 12.2%.
A day before the listing, the shares were trading at a slight discount of 0.3% in the grey market at Rs 360.
(The grey market is an unofficial platform where shares are traded before the official IPO listing.)
Amagi Media Labs IPO: Key Details
The company raised a total of Rs 1,788.62 crore through the IPO.
This included:
2.26 crore fresh shares worth Rs 816 crore
2.69 crore shares offered for sale worth Rs 972.62 crore
The IPO price was set at Rs 361 per share, and the issue was open for bidding from January 13 to January 16, 2026.
Allotment was finalised on January 19, 2026.
Subscription and Lot Details
The IPO was highly subscribed, with a total subscription of over 11 times.
Breaking it down:
Non-institutional investors: 22.57 times
Retail investors: 4.49 times
Qualified institutional buyers: 7.77 times
For retail investors, one lot equals 41 shares, requiring a minimum investment of Rs 14,801. Larger investors had higher lot sizes ranging from 2.07 lakh to 10.06 lakh.
How the Funds Will Be Used
Amagi plans to invest the IPO proceeds in:
Rs 550.06 crore for technology and cloud infrastructure
Funding inorganic growth through acquisitions
General corporate purposes
About Amagi Media Labs
Founded in 2008 and headquartered in Bengaluru, Amagi Media Labs provides cloud-based broadcast and connected TV technology.
The company helps broadcasters, content owners, and streaming platforms create, distribute, and monetise live channels on FAST platforms like Pluto TV, Samsung TV Plus, and Roku Channel.
Amagi’s products include cloud playout, content scheduling, ad insertion, and analytics tools, making it a full-suite solution for media and entertainment companies.
Expert Opinion on the IPO
According to Anand Rathi Research, at the upper price band, the company is valued at 6.7x FY25 P/S, giving it a post-IPO market capitalisation of Rs 7,809.8 crore.
The firm turned profitable in H1 FY26 and is expected to deliver full-year profitability.
Its continued investments in R&D, automation, and scalability strengthen its position as the “industry cloud” for video.
Analysts recommend the IPO as a long-term subscribe.
