Amagi Media Labs shares debut at a 12% discount to their issue price

Shares of Amagi Media Labs Ltd. made their debut on Dalal Street at a discount compared to its issue price, on Wednesday, January 21.

The stock listed at ₹317, a discount of 12%, compared to its issue price of ₹361 per share.

Amagi Media Labs' ₹1,780 crore Initial Public Offer (IPO) was subscribed 30 times on an overall basis. Subscription was led by non-institutional investors (NIIs), with a 37x subscription compared to the number of shares on offer for them.

The portion reserved for institutional investors was subscribed 34 times the shares on offer, while that reserved for retail investors was subscribed nine times.

Amagi's IPO comprised of a fresh issue of shares worth ₹816 crore, with the rest of the issue being an Offer For Sale (OFS) from existing investors.

The company intends to utilize the proceeds from the fresh issue of shares to funding inorganic growth through unidentified acquisitions and general corporate purposes.

Amagi Media Labs is a global Software as a Service (SaaS) company, founded in 2008. The company is involved in making cloud-based software to help TV networks, content credtors and streaming platforms to create, deliver and make money from video content.

It was only in the first half of financial year 2026 that the company turned profitable. Losses in financial year 2025 narrowed to ₹69 crore from ₹245 crore in financial year 2024.