Amagi Media Labs IPO Day 2: Issue subscribed 13%; GMP signals modest listing premium
- 14th January 2026
- 12:00 AM
- 3 min read
Summary
The initial public offering (IPO) of Amagi Media Labs Ltd was subscribed 13% by the end of Day 2 of bidding on Wednesday, January 14. Grey market premium trends suggest a modest listing gain of around 5–6%, while investor response remains muted so far.Mumbai | 14 January
The IPO of Amagi Media Labs, which opened for subscription on Tuesday, January 13, continued to see gradual demand on its second day.
Subscription status on Day 2
As of the latest update at 5pm, the issue was subscribed 13% overall, compared to 6% on Day 1.
Category wise Subscription details:
-Qualified Institutional Buyers (QIBs): 3%
-Non-Institutional Investors: 8%
-Retail Individual Investors (RIIs): 49%
Retail investors continued to show relatively stronger interest, while institutional participation remained subdued ahead of the final day of bidding.
IPO details
Amagi Media Labs’ IPO opened for subscription on January 13 and will close on January 16, 2026, with the shares expected to list on the BSE and NSE on January 21.
The Bengaluru-based company has fixed the IPO price band at ₹343–₹361 per share.
The total issue size stands at ₹1,788.6 crore, comprising a fresh issue of ₹816 crore and an offer for sale (OFS) of 2.7 crore shares valued at ₹972.6 crore by existing shareholders.
Investors can apply in lots of 41 shares, translating into a minimum investment of ₹14,801 at the upper end of the price band.
Ahead of the public issue, the company raised ₹804.87 crore from 42 anchor investors, providing early institutional validation.
The IPO is being managed by Kotak Mahindra Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, IIFL Capital Services, and Avendus Capital.
Grey market premium today
In the unofficial grey market, Amagi Media Labs shares were trading at a premium of around ₹20 per share, indicating a potential listing gain of nearly 6% over the upper end of the price band.
Note: Grey market premium is unofficial and only indicative. It does not guarantee listing gains.
About the company
Founded in 2008 and headquartered in Bengaluru, Amagi Media Labs is a cloud-based media technology company that helps broadcasters and content owners distribute and monetise video content.
The company is best known for its strong presence in Free Ad-Supported Streaming TV (FAST). Its platform enables channel creation, cloud playout, ad insertion, analytics and monetisation across connected TV platforms such as Pluto TV, Samsung TV Plus and The Roku Channel.
Amagi operates across North America, Europe and Asia, working with over 700 content partners and supporting more than 2,000 channel deployments across 100+ countries.
The company is backed by marquee investors including Accel, Avataar Ventures, Norwest Venture Partners, and Premji Invest, and has steadily expanded its global customer footprint.
Read more details about the Amagi Media Labs IPO here.
To apply for the IPO, click here!
