Amagi Media Labs IPO opens Jan 13: Check price band, lot size, objectives and key dates

Amagi Media Labs IPO: Amagi Media Labs, a software as a solution (SaaS) company, will launch its initial public offering on January 13. The issue will end January 16. The price band has been fixed at ₹343 to ₹361 per share.

The ₹1,788.62 crore initial share sale is a mix of fresh issuance of shares aggregating to ₹816 crore and an offer for sale (OFS) component valued at ₹972.62 crore.

Under the OFS, PI Opportunities Fund-I, Trudy Holdings, Accel India VI (Mauritius), PI Opportunities Fund-II, Norwest Venture Partners X - Mauritius, Rajat Garg, Rahul Garg, Prem Gupta, Kollengode Ramanathan Lakshminarayana and Rajesh Ramaiah are offloading their stake.

The fresh issue proceeds will be utilised for funding expenses towards technology and cloud infrastructure, funding inorganic growth via unidentified acquisitions and for corporate general purposes.

Amagi Media Labs IPO: Lot size

A lot consists of 41 shares and in multiples thereafter. The company has reserved 75% of the net offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.

Amagi Media Labs IPO: Allotment and listing date

• Subscription period: January 13 to January 16
• Allotment date: January 19
• Credit of shares and refund: January 20
• Listing on NSE and BSE: January 21

Kotak Mahindra Capital Company, Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd, Avendus Capital and IIFL Capital Services are the issue's book-running lead managers. MUFG Intime India serves as the registrar.

Amagi Media Labs is a software as a solution (SaaS) company, connecting media companies to their audiences through cloud-native technology.

The platform allows content providers and distributors to upload and deliver video over the internet through smartphones, applications and smart televisions, instead of traditional cable or set-top box services.

Its technology has enabled the streaming of marquee events like the 2024 Paris Olympics, the Academy of Motion Picture Arts and Sciences Awards (Oscars), the 2024 US presidential debates and Union of European Football Association (UEFA) football tournaments.