What is Amagi Media Labs IPO subscription status on Day 1?

Amagi Media Labs IPO was 6% subscribed at the end of Day 1, with retail investors showing the most interest.

When does the Amagi Media Labs IPO close?

The Amagi Media Labs IPO offer will close for bidding on Friday.

How much money is Amagi Media Labs aiming to raise through its IPO?

Amagi Media Labs aims to raise ₹816 crore through a fresh equity issuance and an additional ₹972.6 crore via an offer for sale.

Home / Business and Economy / Amagi IPO Sees Lukewarm Start: Retail Investors Lead

Amagi IPO Sees Lukewarm Start: Retail Investors Lead

13 Jan

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Summary

Amagi Media Labs IPO saw only 6% subscription on Day 1.
Retail investors showed most interest, subscribing 28% of their portion.
The IPO aims to raise ₹816 crore through fresh equity issuance.

The initial public offering for Amagi Media Labs commenced on Tuesday, January 13, attracting a modest response from investors on its debut day. By the end of the first day, the IPO had achieved a subscription rate of only 6%.

Retail investors demonstrated the strongest demand, with their portion being subscribed at 28%. The non-institutional investor category saw a 4% subscription rate. Notably, the qualified institutional buyer segment remained unsubscribed during the initial bidding period.

The offering includes a fresh equity issuance of ₹816 crore and an offer for sale of shares valued at ₹972.6 crore. Proceeds from the fresh issue will bolster Amagi's technology and cloud infrastructure, support potential acquisitions, and cover general corporate expenses.

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