Amagi Day 2: Issue Subscribed 10% So Far

SUMMARY

Amagi’s IPO saw a marginal improvement in investor interest on the second day of bidding, with the issue subscribed 10% as of 13:51 IST

Retail individual investors (RIIs) continued to drive the demand, placing bids for 21.95 Lakh shares against 50.73 Lakh shares reserved for them. This translated to a 43% subscription of their quota

Trailing retail investors were non-institutional investors (NIIs), who placed bids for 5.22 Lakh shares against 76.10 Lakh shares earmarked, translating to a 7% subscription

Media SaaS major Amagi’s IPO saw a marginal improvement in investor interest on the second day of bidding, with the issue subscribed 10% as of 13:51 IST. It received bids for 27.21 Lakh shares against 2.72 Cr shares on offer.

Retail individual investors (RIIs) continued to drive the demand, placing bids for 21.95 Lakh shares against 50.73 Lakh shares reserved for them. This translated to a 43% subscription of their quota.

Trailing retail investors were non-institutional investors (NIIs), who placed bids for 5.22 Lakh shares against 76.10 Lakh shares earmarked, translating to a 7% subscription. Within the NII category, demand was largely led by individual investors, especially in the INR 2-10 Lakh bid segment.

Qualified institutional buyers (QIBs) remained on the sidelines. The institutional portion saw bids for just 4,510 shares against 1.46 Cr shares reserved for them.

The media SaaS company had seen a subdued response on the opening day as well, with the issue subscribed about 6% at the end of Day 1 amid mixed brokerage views and volatility in the broader equity markets.

Amagi has set a price band of INR 343 to INR 361 per share for its IPO. The company is looking to raise INR 1,788.6 Cr through the public issue and is targeting a valuation of around INR 7,966 Cr at the upper end of the price band.

Ahead of the IPO, Amagi raised INR 805 Cr from anchor investors, with mutual funds accounting for the bulk of the allocation. Despite this, institutional participation in the public issue has remained limited so far.

Amagi turned profitable in the first half of FY26, reporting a net profit of INR 6.5 Cr as against a net loss of INR 66 Cr in H1 FY25. Operating revenue rose 35% YoY to INR 704.8 Cr.