Amagi Media Labs was incorporated on February 1, 2008. The company is a SaaS provider offering an AI-enabled cloud platform that connects media companies to audiences via streaming on smart TVs, smartphones, and apps. It supports content delivery and monetization, having streamed major events like the 2024 Paris Olympics and Oscars
| Bidding Dates |
|---|
| 13 Jan 2026 - 16 Jan 2026 |
| Subscription |
|---|
| 30.22x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,063 | 1 | 13 | 41 | 49.5 M | ₹343 - ₹361 | 14.92 % | ₹16994.4 M - ₹17886.2 M | RHP DOC |
Amagi Media Labs IPO SUBSCRIPTION STATUS
16 Jan '26Amagi Media Labs IPO overall subscription rate was 30.22 times the total available shares
Amagi Media Labs IPO retail subscription rate was 9.31 times in the retail segment
Amagi Media Labs IPO non-institutional investor subscription rate was 37.36 times in the non-institutional investor category
Amagi Media Labs IPO Qualified Institutional Bidder subscription rate was 33.77 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
16 Jan 2026 (Day 4) | 9.31x | 37.36x | 33.77x |
15 Jan 2026 (Day 3) | 0.49x | 0.08x | 0.03x |
14 Jan 2026 (Day 2) | 0.49x | 0.08x | 0.03x |
13 Jan 2026 (Day 1) | 0.28x | 0.04x | 0x |
Amagi Media Labs FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 704.8 | 6.5 | -200.6 | -214.6 | 8.3% |
| H1FY25 | 523.7 | -66.0 | -86.2 | -87.1 | -3.6% |
| FY25 | 1,162.6 | -68.7 | 33.6 | 29.4 | 2.0% |
| FY24 | 879.2 | -245.0 | -183.0 | -191.0 | -17.7% |
| FY23 | 680.6 | -321.3 | -245.2 | -266.7 | -20.6% |
Amagi Media Labs IPO SUBSCRIPTION STATUS DETAILS
Amagi Media Labs had 49.5 M shares on offer
Amagi Media Labs IPO offer price was in the range ₹343 - ₹361
Amagi Media Labs IPO minimum Investment was ₹14063
Amagi Media Labs IPO issue size was ₹ 16994.4 M - ₹ 17886.2 M
Amagi Media Labs had a minimum lot size of 41 Shares per application
Amagi Media Labs NUMBER OF SHARES ON OFFER
Amagi Media Labs IPO IMPORTANT DATES
| Issue Open Date | 13 Jan 2026 |
| Issue close Date | 16 Jan 2026 |
| Allotment Date | 19 Jan 2026 |
| Refund Date | 20 Jan 2026 |
| Demat Account Credit Date | 20 Jan 2026 |
| Listing Date | 21 Jan 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Amagi Media Labs Allotment Status | Exchange/ Registrar |
Amagi Media Labs IPO subscription opened on 13 Jan 2026, and closed on 16 Jan 2026
IPO allotment for Amagi Media Labs was finalized on Monday, 19 Jan 2026
IPO listing for Amagi Media Labs was on NSE and BSE on Wednesday, 21 Jan 2026
Amagi Media Labs IPO LISTING GAINS
| Issue Price (adjusted) | 361.0 |
| Listing Open Price | 318.0 |
| Listing Close Price | 348.3 |
| Listing Gain% | -11.9% |
| Current Gain% | 79.2% |
Amagi Media Labs Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amagi Media Labs Ltd. | 647 | 13996 | 195.3 | -1 | 8.9 | 4.1 | 3 | 1570.1 | 28.4 | 71.7 | 204.3 | 3.3 | -204.3 |
| One97 Communications Ltd. | 1441.6 | 92425.7 | 142.2 | 1.2 | 10.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1604.5 | 74239.4 | 99.2 | 1 | 10.1 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1645.6 | 23183.1 | 48.5 | 2.5 | 8.2 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 154.4 | 17820.2 | 140 | 0.7 | 6.3 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Fractal Analytics Ltd. | 817.7 | 14061.6 | 42.8 | 4.1 | 9.2 | 6.6 | 3362.6 | 19.4 | 292.2 | 31 | 19.1 |
Amagi Media Labs INFORMATION ON IPO ISSUE
About Amagi Media Labs
Amagi Media Labs was incorporated on February 1, 2008. The company is a SaaS provider offering an AI-enabled cloud platform that connects media companies to audiences via streaming on smart TVs, smartphones, and apps. It supports content delivery and monetization, having streamed major events like the 2024 Paris Olympics and Oscars
Object of the Issue
- Investment in technology and cloud infrastructure
- Funding inorganic growth through unidentified acquisitions
- General corporate purposes
Amagi Media Labs - PROMOTERS
| Name |
|---|
| Baskar Subramanian |
| Srividhya Srinivasan |
| Arunachalam Srinivasan Karapattu |
Amagi Media Labs - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Giridhar Sanjeevi | Non-Executive Chairman & Independent Director |
| Baskar Subramanian | Managing Director & CEO |
| Arunachalam Srinivasan Karapattu | Non-Executive Director |
| Ira Gupta | Independent Director |
| Sandesh Kaveripatnam | Nominee Director |
| Shekhar Kirani Hanumanthasetty | Nominee Director |
Amagi Media Labs Book Running Lead Manager
Kotak Mahindra Capital Company Limited
amagi.ipo@kotak.com
Citigroup Global Markets India Private Limited
amagi.ipo@citi.com
Goldman Sachs (India) Securities Private Limited
amagiipo@gs.com
IIFL Capital Services Limited
amagi.ipo@iiflcap.com
Avendus Capital Private Limited
amagi.ipo@avendus.com
Amagi Media Labs Registrar to the Offer
MUFG Intime India Private Limited
amagimedia.ipo@in.mpms.mufg.com
Amagi Media Labs Strengths
Comprehensive solutions
The company provides end-to-end video technology solutions, from content creation to monetization, helping media firms shift from legacy systems to scalable cloud-based platforms. This enables lower costs, improved flexibility, and wider reach
Three-sided marketplace
The company serves content providers, distributors, and advertisers through a cloud-based platform. It enables content migration and monetization, supports AI-powered distribution, and offers advertisers enriched CTV inventory with real-time analytics
Diversified customer base
The company was the largest cloud-native software provider in cloud playout for the broadcasting and streaming industry by revenue in FY25. As of March 31, 2025, it served over 400 content providers, 300 distributors, 80 advertisers, and worked with more than 45% of the top 50 listed media and entertainment companies by revenue
Amagi Media Labs Risks
Technology adaptation risk
Failure to adapt to rapid technological changes or develop appealing new solutions may adversely impact the company’s business, operations, financial condition, and cash flows
Depend on third party cloud services
The company relies on third-party cloud infrastructure, and any disruption in their operations may negatively impact its business, financials, and could lead to potential liabilities
AI related risks
The use of artificial intelligence may impact customer operations and raise security, privacy, or regulatory concerns. It could also pose data risks and affect the company’s reputation or business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 972.6 crore, of 26,942,343 shares. It also consists of a fresh issue of Rs 816.0 crore.
The promoters of the company are Baskar Subramanian, Srividhya Srinivasan and Arunachalam Srinivasan Karapattu.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 343.0 - 361.0.
The IPO application opens on Jan 13, 2026 and closes on Jan 16, 2026.
The minimum lot size for the IPO is 41. The maximum lot size for the IPO is 533.
For all category investors, the minimum application amount for this IPO is Rs. 14,063.0, the maximum value for this IPO is Rs 192,413.0.
This IPO will be allotted on Jan 19, 2026.
The refund will be credited to your account on Jan 20, 2026.
The allotted shares will be credited to your demat on Jan 20, 2026.
Amagi Media Labs Ltd.’s shares listed on the stock exchanges on Jan 21, 2026.