Indian Clarity

Light. Truth. Clarity.

Loading ad...
Business

Amagi Media Labs’ IPO to open on Jan  13; sets price...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Jan 8:  Amagi Media Labs, cloud-based SaaS company that helps media firms stream and monetise digital video content, on Thursday announced that its Rs 1,788 crore Initial Public Offering (IPO) will open for subscription on January 13. The issue, priced in the band of Rs 343-361 per share, will close on January 16, while bidding for anchor investors will be held on January 12, the Bengaluru-based company said in a public announcement. At the upper end of the price band, the company is valued at over Rs 7,800 crore.

Amagi Media Labs’ IPO to open on Jan  13; sets price...

Credit: Dailyexcelsior

Key Highlights

  • The proposed IPO comprises a fresh issue of shares worth Rs 816 crore along with an Offer For Sale (OFS) of 2.7 crore shares valued Rs 972.6 crore, at the upper price band, by existing shareholders shares.
  • This will take the total issue size to Rs 1,788.6 crore.
  • As a part of the OFS, PI Opportunities Fund I, PI Opportunities Fund II, Norwest Venture Partners X – Mauritius, Accel India VI (Mauritius) Ltd and Trudy Holdings, and certain individual selling shareholders will be offloading shares.
  • Proceeds from the fresh issue to the tune of Rs 550 crore will be used to strengthen Amagi’s technology and cloud infrastructure, fund inorganic growth through acquisitions, and meet general corporate expenses.
  • These funds will be deployed in phases with Rs 82 crore earmarked in FY26; Rs 359 crore in FY27 and Rs 108 crore in FY28.
Loading ad...

Sources

  1. Amagi Media Labs’ IPO to open on Jan  13; sets price...

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.

Related Stories

Loading ad...