Amagi Media Labs, a global leader in cloud-based broadcast and connected TV (CTV) technology, has filed its Red Herring Prospectus (RHP). The IPO is a mix of a fresh issue and an offer for sale (OFS) by existing investors like Premji Invest, Accel, and Norwest Venture Partners.
1. Important IPO Dates
| Event | Date |
|---|---|
| IPO Opens for Subscription | January 13, 2026 |
| IPO Closes for Subscription | January 16, 2026 |
| Basis of Allotment | January 19, 2026 |
| Initiation of Refunds | January 20, 2026 |
| Credit of Shares to Demat | January 20, 2026 |
| Listing Date (BSE & NSE) | January 21, 2026 |
2. Issue Structure & Pricing
- Price Band: ₹343 to ₹361 per equity share.
- Total Issue Size: ₹1,788.62 crore.
- Fresh Issue: ₹816 crore (to be used for technology upgrades and acquisitions).
- Offer for Sale (OFS): ₹972.62 crore (existing shareholders selling their stakes).
- Lot Size: Minimum 41 shares (requiring an investment of ₹14,801 at the upper price band).
3. Financial Highlights
- Revenue Growth: The company reported a 31% CAGR in revenue between FY23 and FY25, reaching ₹1,223.31 crore in FY25.
- Turnaround to Profit: After several years of losses, Amagi reported a profit of ₹6.47 crore for the half-year ending September 30, 2025 (H1 FY26).
- Valuation Note: The IPO valuation of ~$885 million is a significant "down round" compared to its 2022 private valuation of $1.4 billion, reflecting current market caution for tech stocks.
4. Grey Market Premium (GMP)
Early market rumors suggest an expected premium of approximately ₹32 to ₹39 per share, though this is subject to change as the subscription dates approach.
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