Amagi Media Labs, a cloud‑based SaaS firm that helps media companies stream video, has announced its IPO price band of ₹343‑₹361 per share, aiming to raise up to ₹1,789 crore.
Key Details of the Offer
- Price band: ₹343‑₹361 per share
- Total raise: up to ₹1,789 crore
- Mix of issue: fresh equity of up to ₹816 crore + Offer for Sale (OFS) of 26,942,343 shares
- Minimum bid size: 41 shares (in multiples of 41)
Bid Timeline
- Anchor investor bidding opens: Monday, Jan 12
- Public bidding opens: Tuesday, Jan 13
- Bidding closes: Friday, Jan 16
Use of Funds
The company plans to use about ₹667 crore of the fresh‑issue proceeds for technology upgrades and cloud infrastructure. The remaining amount will fund acquisitions and general corporate purposes.
Company Overview
Founded in 2008 and based in Bengaluru, Amagi Media Labs provides cloud‑native tools that let media owners stream and monetize digital video across smart TVs, smartphones and apps. It serves more than 45% of the top 50 listed media and entertainment companies by revenue.
Financial Snapshot
- Revenue FY25: ₹1,162 crore
- Compound annual growth rate (2023‑2025): 30.7%
- Growth driven by new customers and higher usage from existing ones
Selling Shareholders in the OFS
Shares are being sold by a group of investors including PI Opportunities Funds I & II, Norwest Venture Partners X (Mauritius), Accel India VI (Mauritius), Accel Growth VI Holdings (Mauritius), Trudy Holdings, AVP I Fund, and a few individual shareholders.
Grey Market Premium
Traders are quoting a grey‑market premium of around ₹34 per share, suggesting an estimated listing price of roughly ₹395 – about a 9% upside from the top of the issue price.
Lead Managers
The issue is being managed by Kotak Mahindra Capital, Citigroup Global Markets India, Goldman Sachs (India), IIFL Capital Services, and Avendus Capital.
Listing
Amagi’s equity shares will be listed on both the BSE and NSE after the IPO closes.
Disclaimer
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.