โ Back to IPOs
Amagi Media Labs
๐
Founded: 2008
๐ Bengaluru, Karnataka
๐ฅ 1,200+ employees
๐ amagi.com
๐ Face Value: โน5
๐ฆ Market Cap: โน3,200 Cr
Price Band
โน343 โ โน361
Issue Size
โน1,789 Cr
Lot Size
41 shares
Min. Investment
โน14,801
GMP
+โน89 (+24.7%)
Est. Return
+24.7%
Listing Date
21 Jan 2026
Registrar
KFin Technologies
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
Very High Interest
GMP: +24.7% above issue price
โญ Overall Signal
Very High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Very High Interest
52.30x subscribed
Issue Details
Fresh Issueโน800 Cr
Offer for Sale (OFS)โน989 Cr
Total Issue Sizeโน1,789 Cr
Face Valueโน5
Market Cap (at issue)โน3,200 Cr
Listing ExchangeBSE, NSE
๐
Open Date13 Jan 2026
๐ Close Date16 Jan 2026
โ๏ธ Cut-off Price Date16 Jan 2026
๐๏ธ Allotment Date19 Jan 2026
๐ธ Refund Initiation20 Jan 2026
๐ Demat Credit20 Jan 2026
๐ Listing Date21 Jan 2026
Objects of the Issue
- ๐ฐ R&D and product development for cloud broadcast platform โ โน350 Cr
- ๐ฐ International sales and marketing expansion โ โน200 Cr
- ๐ฐ Infrastructure investment (cloud compute) โ โน150 Cr
- ๐ฐ General corporate purposes โ โน100 Cr
About the Company
Amagi Media Labs is a global SaaS platform for cloud-based broadcast and streaming TV technology. The company enables TV channels, OTT platforms, and streaming services to playout, distribute, and monetise live TV content via cloud โ replacing expensive on-premise broadcast hardware. Amagi's clients include 800+ TV channels across 150+ countries, including Discovery, Warner Bros., FOX, and NDTV.
Strengths
- โ 800+ TV channel clients across 150+ countries
- โ SaaS model: recurring revenue with 95%+ gross margins
- โ Global expansion: USA (50%+ revenue), India, Europe, APAC
- โ Global reach: 800+ TV channel clients across 150+ countries
Risk Factors
- โ ๏ธ Linear TV viewership declining globally โ core market risk
- โ ๏ธ Revenue concentration: top 20 clients likely 40%+ of revenue
- โ ๏ธ USD-denominated revenue creates INR currency risk
- โ ๏ธ Competition from Grass Valley, Evertz, Ross Video
Subscription Status
52.30x Overall
QIB: 96.8x
NII: 48.4x
RII: 26.6x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | 15.40x | 7.20x | 4.80x | 8.60x |
| Day 2 | 54.80x | 22.60x | 14.20x | 28.40x |
| Day 3 | 96.80x | 48.40x | 26.60x | 52.30x |
Share Reservation
QIB
75%
NII
15%
RII
10%
Allocation as per SEBI regulations for Mainboard IPO
Anchor Investors
GIC SingaporeFidelity InvestmentsADIA Abu DhabiSBI MFMirae Asset MFHDFC AMC
Promoter Holding
42.8%
Pre-IPO
โ -6.4%
36.4%
Post-IPO
Company Gallery
Amagi
Amagi cloud broadcast platform
Amagi
TV content playout and distribution
Amagi
Amagi Bengaluru tech office
Founders & Leadership
BS
Baskar Subramanian
Co-Founder & CEO
๐ IIT Madras, B.Tech; IIM Bangalore, MBA
Co-founded Amagi in 2008 to democratise TV distribution via cloud; built it into a global leader in cloud broadcasting
SK
Srinivasan KA
Co-Founder & CTO
๐ IIT Madras, B.Tech; Stanford University, MS
Architected Amagi's cloud broadcast infrastructure that now serves 800+ TV channels globally
IPO Timeline
โ
Open Date
13 Jan 2026
โ
Close Date
16 Jan 2026
โ
Allotment Date
19 Jan 2026
โ
Listing Date
21 Jan 2026
Key Financials
Revenueโน1,120 Cr
PATโน198 Cr
EPSโน22.4
P/E Ratio16.1x
ROE24.8%
Market Capโน3,200 Cr
Company Financials (Restated Consolidated)
| Period Ended | 9M FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Assets | 1820.00 | 1940.00 | 1560.00 | 1100.00 |
| Total Income | 880.00 | 1120.00 | 840.00 | 580.00 |
| Profit After Tax | 158.00 | 198.00 | 124.00 | 62.00 |
| EBITDA | 244.00 | 312.00 | 222.00 | 132.00 |
| Net Worth | 800.00 | 800.00 | 600.00 | 480.00 |
| Reserves & Surplus | 720.00 | 720.00 | 520.00 | 400.00 |
| Total Borrowing | 60.00 | 80.00 | 90.00 | 100.00 |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | 9M FY26 | FY25 |
|---|---|---|
| ROE (%) | 19.75 | 24.75 |
| EBITDA Margin (%) | 27.73 | 27.86 |
| Debt / Equity | 0.07 | 0.10 |
| Net Worth (Rs. Cr) | 800.00 | 800.00 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | โน22.4 | โ |
| P/E (x) | 16.1x | โ |
| ROE (%) | 24.8% | โ |
| Promoter Holding | 42.8% | 36.4% |
| Market Cap | โน3,200 Cr | |
IPO Registrar
IPO FAQs
Amagi Media Labs IPO is a mainboard IPO with an issue size of โน1,789 Cr at a price band of โน343 โ โน361. Minimum lot size is 41 shares (minimum investment ~โน14,801). Opens on 13 Jan 2026 and closes on 16 Jan 2026. Proposed listing on BSE, NSE. Registrar: KFin Technologies.