Amagi Media Labs IPO Day 1 Sees Muted Subscription and Analyst Views

Amagi Media Labs’ IPO, with a price band of ₹343–₹361 per share to raise about ₹1,789 crore, opened for subscription on January 13. As of mid day on the first day, the issue was subscribed roughly 5% of available shares, reflecting a subdued response with approximately 14.35 lakh bids against a much larger offer. Retail demand was stronger than institutional interest, and brokerages offered mixed views, some recommending subscription for long term investors due to the company’s technology position but noting concerns around valuation and margins.