Amagi Media Labs Ltd, a SaaS company specializing in cloud-based video streaming, saw its IPO securing 30.22 times subscription. The company raised Rs 805 crore from anchor investors with a total issue size of Rs 1,788.6 crore. Funds will bolster technology infrastructure and support acquisitions.

Amagi Media's IPO Achieves 30x Oversubscription: A New Era for Cloud-Based Video Streaming

Amagi Media Labs Ltd's IPO Closes with Impressive 30.22 Times Subscription

The initial public offering (IPO) of Amagi Media Labs Ltd has garnered significant attention, with a subscription rate of 30.22 times as it closed on Friday. According to data from the National Stock Exchange (NSE), the Bengaluru-based SaaS company received bids for over 82.4 million shares, exceeding the available 2.72 million shares.

Subscription Breakdown:

Non-institutional investors: 37.36 times
Qualified institutional buyers: 33.77 times
Retail individual investors: 9.31 times

Before the public offering, Amagi secured Rs 805 crore from anchor investors. The IPO was set within a price band of Rs 343-361 per share, valuing the company at approximately Rs 7,800 crore at the high end.

The proceeds from the fresh issue, worth Rs 550 crore, will be used for various purposes, including enhancing technology infrastructure, supporting acquisitions, and covering general corporate costs. These funds are scheduled to be allocated over the financial years 2028 and subsequent years.