The much-anticipated initial public offering (IPO) of Amagi Media Labs is set to make its debut on the Indian stock exchanges. The cloud-based television technology company has fixed its IPO dates, with the subscription window opening on Tuesday, 13 January 2026, and closing on Friday, 16 January 2026.
Amagi Media Labs IPO: Key Details and Financials
Amagi Media Labs has announced a price band of ₹343 to ₹361 per equity share for its public issue. Through this offering, the company is looking to raise a substantial sum of ₹1,789 crore. The breakdown of this amount reveals that ₹816 crore will be raised via a fresh issue of shares, while the remaining ₹973 crore will be through an Offer for Sale (OFS) by existing shareholders.
The company's financial performance shows a trajectory of growth. Its total revenue for the September 2025 quarter stood at approximately ₹734 crore, which constituted about 60% of its total income for the fiscal year 2025. While the company's Profit After Tax (PAT) was negative in FY23, FY24, and FY25, it has shown consistent year-on-year improvement. Notably, by the end of the September 2025 quarter, PAT had turned positive, reaching ₹6.47 crore. This improvement significantly boosted the company's net worth to around ₹860 crore in the same quarter, up from approximately ₹510 crore at the end of FY25.
IPO Timeline and Grey Market Activity
Investors applying for the IPO will need to bid in lots, with one lot comprising 41 shares. The crucial share allotment process is tentatively scheduled for 17 January 2026. However, as this date falls on a Saturday, the final allotment may be shifted to Monday, 19 January 2026. Successful allottees can expect the shares to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) around 21 January 2026.
Ahead of the official market debut, shares of Amagi Media Labs are already being traded in the unofficial grey market. As per current market observations, the stock is commanding a Grey Market Premium (GMP) of ₹37. This indicates strong investor interest and suggests that the shares are expected to list at a price higher than the IPO band's upper limit.
Management and Key Takeaways
The IPO is being managed by a consortium of leading investment banks. The appointed lead managers are Kotak Mahindra Capital, Citigroup Global Markets, Goldman Sachs (India), IIFL Capital Services, and Avendus Capital. MUFG Intime India Private Limited will serve as the official registrar for the issue.
In summary, the Amagi Media Labs IPO presents a significant event for the Indian primary market in early 2026. Key points for investors to note are the subscription dates, the attractive price band, the substantial fundraise target, and the positive signals from the grey market. The company's improving financial metrics, particularly the shift to a positive PAT and growing net worth, will be critical factors for investor evaluation as the offer opens.
