Home / Business and Economy / Amagi Media IPO Tanks 12% on Debut Despite Strong Demand
Amagi Media IPO Tanks 12% on Debut Despite Strong Demand
21 Jan
Summary
- Amagi Media's IPO debuted at a 12% discount, listing below its issue price.
- The Rs 1,789 crore IPO saw strong subscription, booked 30.24 times.
- The Bengaluru-based company operates in cloud broadcast and CTV technology.
Amagi Media Labs made a disappointing market debut on January 19, 2026, with its shares listing at a 12% discount. The stock opened at Rs 317 on the BSE and Rs 318 on the NSE, significantly below its issue price of Rs 361. This subdued listing occurred despite substantial investor interest.
The company's Rs 1,789 crore Initial Public Offering (IPO) was oversubscribed by 30.24 times. Non-institutional investors showed the strongest demand, subscribing 38.26 times, followed by qualified institutional buyers at 33.13 times, and retail investors at 9.54 times.
Founded in 2008 and headquartered in Bengaluru, Amagi Media Labs specializes in cloud-based broadcast and connected TV technology. It provides comprehensive solutions for content creation, distribution, and monetization, particularly for free ad-supported streaming TV platforms.
Financially, Amagi Media has recently achieved profitability. For the six months ending September 2025, the company reported a profit after tax of Rs 6.47 crore. Proceeds from the IPO are earmarked for technological investments, cloud infrastructure, and potential inorganic growth.
