Amagi Media Labs, which powers video streaming and ad-monetization for giants like NBCUniversal, Roku, and Samsung TV Plus, is the first major tech "Mainboard" IPO of 2026. The issue consists of a fresh issue of ₹816 crore and an offer for sale (OFS) of ₹973 crore by existing investors including Accel and Norwest Venture Partners.

Financial trackers show a strong turnaround for the company. While Amagi reported losses in previous years, it has turned profitable in the first half of FY26 (H1), posting a net profit of ₹6.47 crore. This shift toward profitability, combined with a 30% revenue growth in FY25, has bolstered investor confidence.

As of today, January 12, 2026, the Grey Market Premium (GMP) is trading at approximately ₹37–₹43, suggesting a potential listing gain of 10–12%. Analysts are viewing this IPO as a "litmus test" for Indian SaaS companies in the public market.

IPO Essential Details & Timeline

Important Note for Investors

• Global Market Leader: Amagi is one of the world's largest cloud-native software providers for "cloud playout" and ad-insertion, serving over 700 content brands across 100+ countries.

• Profitability Milestone: The company achieved profitability in H1 FY26. Investors should note that the IPO valuation (approx. ₹7,966 crore) is roughly 37% lower than its last private valuation ($1.4B), indicating a more "investor-friendly" pricing strategy for the public markets.

• Use of Funds: A significant portion (₹550 crore) will be used to scale technology and cloud infrastructure, which is critical for maintaining their edge in AI-powered ad tech.

• Risk Factor: The company earns a large part of its revenue in foreign currencies (USD/EUR) but does not actively hedge its exposure. Significant fluctuations in the Indian Rupee could impact their reported earnings.