Amagi Media Labs IPO: Issue closes with over 30x subscription, NIIs lead; here’s how to check allotment

Until 5 PM, the ₹1,788.62 crore issue has secured bids for 82,40,12,260 shares as against 2,72,66,589 shares on offer, according to the NSE data.

The category for non-institutional investors (NIIs) fetched the highest booking with 37.36 times subscription, while the quota for retail individual investors (RIIs) received 9.31 times subscription. The portion for Qualified Institutional Buyers (QIBs) witnessed 33.77 times of booking.

The issue with a price band of ₹343 to ₹361 per share, 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: 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 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: Allotment and listing date

The Amagi Media Labs IPO which opened for subscription on January 13, will close for subscription on January 16. The basis of allotment is scheduled to be finalised on January 19, followed by the initiation of refunds and the credit of shares to demat accounts on January 20.

The shares are expected to be listed on the exchanges on January 21.

Steps to check Amagi Media Labs IPO allotment status on NSE

• Chose ‘Equity & SME IPO bid details’

• Select ‘Amagi Media Labs’ from the list of IPO names.

• Enter your application number and PAN details.

• Click ‘Submit’ to view the status of your IPO allotment.

Steps to check Amagi Media Labs IPO allotment status BSE

• Select ‘Amagi Media Labs’ as the issue type.

• From the dropdown menu, select ‘Amagi Media Labs’. Identify yourself using either PAN details or the IPO application number.

• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

Amagi Media Labs IPO GMP