Amagi Media Labs entered the secondary market with a subdued listing, with shares opening below the issue price on both major exchanges.
The debut came shortly after the company’s initial public offering attracted significant investor participation.
Listing day performance and subscription details provide insight into market sentiment towards new-age technology listings.
Shares of Amagi Media Labs listed on 21 January at ₹317 per share on the BSE, representing a discount of about 12% to the IPO price of ₹361. On the NSE, the stock opened at ₹318 per share, reflecting a slightly narrower discount.
At the time of listing, the company’s market capitalisation stood at approximately ₹6,857.94 crore.
The IPO witnessed substantial investor participation during the bidding window from 13 January to 16 January. The ₹1,789 crore offering was subscribed around 30 times overall.
Retail investors subscribed their allotted portion 9.31 times. Non-institutional investors recorded a subscription of about 37.36 times, while qualified institutional buyers subscribed 33.77 times of their reserved quota.
The public issue comprised a fresh issue of shares valued at ₹816 crore along with an offer for sale worth ₹973 crore by existing shareholders. The price band for the offering was fixed between ₹343 and ₹361 per share.
Bidders could apply for a minimum of 41 shares, translating to an investment of ₹14,801 at the upper end of the price band, with additional bids in multiples thereafter.
Ahead of the public issue, the company raised ₹804.87 crore from 42 anchor investors on 12 January.
A portion of the allocation included equity shares worth ₹613 crore assigned to domestic mutual funds, including several large fund houses.
Insurance firms also participated in the anchor round, acquiring shares valued at ₹53.98 crore.
Read More: Upcoming IPO: Advanta Enterprises, a UPL Subsidiary Files DRHP to Float IPO.
Amagi Media Labs’ listing at a discount highlights cautious market sentiment despite strong IPO subscription figures.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: Jan 21, 2026, 11:13 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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