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Amagi Media Labs IPO: GMP rises ahead of last bidding day. Should you apply?

The initial response to the Amagi Media Labs IPO has been tepid for the first two days of bidding. Amagi Media Labs IPO, which started on Tuesday, January, will wrap up bidding on Friday, January 19. The Indian stock markets are not trading today, Thursday, January 15, due to the municipal corporation elections happening in Maharashtra.

Amagi Media Labs IPO: GMP rises ahead of last bidding day. Should you apply?

Credit: Livemint

Key Highlights

  • On the second day of bidding, Amagi Media Labs IPO subscription status was 13%, according to BSE data.
  • The retail segment attracted a subscription of 49%, while the Non-Institutional Investors (NII) portion was covered at 8%, and bids for the Qualified Institutional Buyers (QIBs) segment reached 3%.
  • Amagi Media Labs IPO price band has been set in the range of ₹343-361 per share.
  • The basis for allotting shares in the Amagi Media Labs IPO is expected to be finalised on Monday, January 19.
  • Refunds will be processed by the company on Tuesday, January 20, and on the same day, the shares will be credited to the demat accounts of the allottees following the refunds.
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Sources

  1. Amagi Media Labs IPO: GMP rises ahead of last bidding day. Should you apply?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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