Amagi Media Labs, a Bengaluru‑based cloud software and advertising technology company, has opened its initial public offering (IPO) for public subscription on Tuesday, marking one of the largest tech‑focused IPOs in India this year. The Rs 1,788.62 crore IPO will remain open until Friday, 16 January 2026, offering investors the opportunity to participate in the company’s next growth phase.
According to media reports, the price band for the IPO has been fixed between Rs 343 and Rs 361 per share, and the issue comprises both a fresh issue and an offer for sale by existing shareholders. A portion of the funds raised through the fresh issue is expected to be used for technology and cloud infrastructure investments, while the offer-for-sale allows early backers to partially monetise their holdings.
Amagi has already secured strong support from institutional players, with marquee anchor investors subscribing to a significant portion of the issue ahead of the public subscription. The anchor book raised approximately Rs 805 crore, led by top domestic mutual funds and global long-only funds at the upper price band.
Grey market indicators have shown mixed signals, with an unofficial premium suggesting modest gains relative to the IPO price. Such grey market trends often provide early insights into listing expectations but are not always reliable predictors of actual market performance.
Early subscription data from stock exchanges indicated a measured investor response in the initial hours, reflecting cautious sentiment among retail and institutional participants amid broader market volatility and selective interest in new-age technology listings.
Amagi operates in the fast-growing connected TV (CTV) and programmatic advertising space, enabling broadcasters, content owners and streaming platforms to launch, manage and monetise digital video channels. The company has shown improvement in profitability and revenue growth, closing FY25 with significant scale and a global customer base.
The IPO is expected to list on both the BSE and NSE on 21 January 2026, subject to regulatory and market conditions. Investors have been advised to monitor subscription levels, grey market movements and overall market themes before finalising participation decisions.
