Amagi Media Labs IPO Day 1: Check subscription status, price band, lot size and key dates

Amagi Media Labs IPO: The initial share sale of cloud-based software-as-a-service (SaaS) company Amagi Media Labs opened for subscription on Tuesday, December 13. The issue will end on Friday, January 16. The price band has been set at ₹343 to ₹361 per share.

The ₹1,788.62 crore initial public offering consists of a fresh issuance of shares worth ₹816 crore and an offer for sale (OFS) of ₹972.62 crore.

As a part of the OFS, Norwest Venture Partners X - Mauritius, PI Opportunities Fund I, PI Opportunities Fund II, Accel India VI (Mauritius) Ltd, Trudy Holdings, Rajat Garg, Rahul Garg, Prem Gupta, Kollengode Ramanathan Lakshminarayana and Rajesh Ramaiah will be offloading shares.

Money raised to the tune of ₹550 crore will be utilised to strengthen Amagi's technology and cloud infrastructure. The remaining funds will be used for inorganic growth via acquisitions and meet general corporate expenses.

Amagi Media Labs IPO Day 1: Subscription status

The subscription status will be available post 10 am.

Amagi Media Labs IPO: Lot size

Retail investors can apply for at least 41 shares and in multiples thereof. The company has reserved 75% of the net offer for qualified institutional buyers, 10% for retail investors and the remaining 15% for non-institutional investors.

Before the IPO, the company collected ₹805 crore from anchor investors, including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Tata MF, Motilal Oswal MF, Franklin Templeton MF, PGIM MF, Bandhan MF, Fidelity, HDFC Life Insurance, 360 One, Baroda BNP Paribas MF, Amundi, Bharti AXA, Isometry Capital, Goldman Sachs and Edelweiss Tokio Life, among others.

Amagi Media Labs IPO: Allotment and listing date

Amagi Media Labs connects media companies with audiences utilising cloud-native technology, enabling the delivery and monetisation of video content across smart televisions, smartphones and digital platforms.

Amagi Media Labs IPO GMP