Amagi Media Labs Seals ₹805 Cr Anchor Funding Before Massive IPO
Overview
Cloud SaaS firm Amagi Media Labs has secured ₹805 crore from anchor investors, including SBI MF and HDFC MF, ahead of its ₹1,789 crore IPO. The subscription opens January 13, with funds earmarked for technology expansion and acquisitions.
Anchor Investors Fuel IPO Demand
Amagi Media Labs, a prominent cloud-based Software-as-a-Service (SaaS) company, has secured approximately ₹805 crore from a strong anchor investor book. This significant pre-IPO funding round saw participation from major entities including SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund. The company's upcoming Initial Public Offering (IPO) is slated to open for public subscription on January 13.
IPO Details and Fund Utilization
The company allotted over 2.22 crore equity shares at ₹361 per share, the upper end of its price band, to 42 anchor investors. The total IPO aims to raise ₹1,789 crore, comprising a fresh issue of ₹816 crore and an offer for sale (OFS) of ₹972.6 crore by existing shareholders. Proceeds from the fresh issue, amounting to ₹550 crore, are earmarked for strengthening Amagi's technology and cloud infrastructure, funding acquisitions, and general corporate expenses.
Company Performance and Outlook
Founded in 2008, Amagi has established itself by connecting media companies with audiences using cloud-native technology. It reported revenue from operations of ₹1,162 crore in FY25, demonstrating a 31% compound annual growth rate between FY23 and FY25. For the six-month period ending September 30, 2025, the company posted a profit of ₹6.4 crore on revenue of ₹704.8 crore. Amagi Media Labs is expected to make its stock market debut on January 21.
