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Amagi IPO Struggles: Just 6% Subscribed on Day 1
13 Jan
Summary
- Amagi Media Labs' IPO was only 6% subscribed on its opening day.
- The company seeks to raise ₹1,789 crore through fresh equity and an offer-for-sale.
- Amagi reported profitability in H1 FY26 after losses in FY25.
Amagi Media Labs, a cloud-native media technology company, saw its initial public offering open to a subdued reception on Tuesday, January 13, 2026. By the close of trading, the issue was subscribed by a mere 6%, with the subscription window set to close on January 16. The company is aiming to raise a substantial ₹1,789 crore.
The Bengaluru-based firm had successfully secured ₹805 crore from 42 anchor investors on the preceding Monday, including major mutual funds. Amagi offers solutions for managing and monetizing video content across streaming platforms and connected devices, serving over 400 content providers globally. Its revenue has grown at a 31% CAGR, and it achieved profitability in the first half of FY26.
Analysts have generally recommended long-term subscriptions, citing Amagi's strong market position in broadcast technology and its exposure to the expanding streaming and connected TV advertising sectors. The IPO's valuation at the upper price band is approximately 6.7 times its FY25 revenue, resulting in a post-issue market capitalization of ₹7,810 crore.
