🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Amagi files RHP, sets Rs 343–361 price band for Rs 1,789 Cr IPO

EntrackrEntrackr · 2d ago
Amagi files RHP, sets Rs 343–361 price band for Rs 1,789 Cr IPO
Medial

Amagi files RHP, sets Rs 343–361 price band for Rs 1,789 Cr IPO Bengaluru-based SaaS firm Amagi Media Labs Ltd has filed its red herring prospectus (RHP) and announced a price band of Rs 343–Rs 361 per share for its upcoming initial public offering (IPO). The Rs 1,788.62 crore public issue will open for subscription on January 13 and close on January 16, while the anchor book will open on January 12. The company has fixed the lot size at 41 shares, translating to a minimum retail investment of around Rs 14,800 at the upper end of the price band. The IPO is a combination of a fresh issue and an offer for sale (OFS). While the company will raise about Rs 816 crore through fresh issuance, existing shareholders will offload shares worth nearly Rs 972.62 crore via the OFS route. According to the Red Herring Prospectus, the proceeds from the fresh issue will be used to strengthen technology and cloud infrastructure, pursue inorganic growth opportunities, and meet general corporate expenses. In November last year, the company received SEBI approval for its initial public offering. Several early and growth-stage investors are participating in the OFS, including Accel India VI (Mauritius), Norwest Venture Partners X – Mauritius, PI Opportunities Fund I & II, Trudy Holdings, along with individual shareholders such as Rajat Garg, Rahul Garg, Prem Gupta, Kollengode Ramanathan Lakshminarayana, and Rajesh Ramaiah. Founded in 2008, Amagi operates a cloud-native SaaS platform that enables media companies to launch, distribute, and monetize advertising across connected TV (CTV), OTT platforms, and linear television. The company counts several global broadcasters, streaming platforms, and content owners among its customers, with a large portion of its revenue coming from international markets, particularly the US. On the financial front, Amagi has continued to scale rapidly. For the fiscal year ended March 2025 (FY25), the company reported revenue of around Rs 1,162 crore, while significantly narrowing its losses during the year. At the upper end of the price band, Amagi is expected to command a post-issue valuation of over Rs 7,800 crore.

Exclusive: Aerospace parts maker Aequs to convert into public company

EntrackrEntrackr · 8m ago
Exclusive: Aerospace parts maker Aequs to convert into public company
Medial

Exclusive: Aerospace parts maker Aequs to convert into public company Aerospace component maker Aequs is gearing up for its initial public offering (IPO) in 2025 and has taken a concrete step by passing a special resolution to convert into a public company. The board at Aequs has passed a resolution for approval to change its status to a public company and rename it from “Aequs Private Limited” to “Aequs Limited”, as per its regulatory filing. The company is reportedly planning to launch an IPO worth $200 million later this year. The offer will comprise both a fresh issue of equity shares and an offer for sale (OFS) component, according to company filings. Aequs recently entered into a joint venture with Canadian aerospace systems manufacturer Magellan Aerospace to establish a sand casting facility in Belagavi, India. The partnership is expected to help Aequs transition from modest year-on-year growth to a more robust trajectory. Founded in 2006 by Aravind Melligeri, Aequs is a contract manufacturing company that provides end-to-end product solutions for the aerospace, toys and consumer goods industries. Using its integrated manufacturing ecosystems, Aequs produces complex aerospace parts to meet the high standards of global aircraft supply chains. According to startup data intelligence platform TheKredible, the Belgaum-based company has raised around $95 million including a $54 million round led by Amansa Capital in October 2023. The company is currently valued at approximately $240 million. For the fiscal year ending March 2024, Aequs reported a 19% year-on-year growth in operating revenue to Rs 965 crore compared to Rs 812 crore in FY23. The company reduced its losses by 87% to Rs 14.2 crore during the same period.

Unicommerce IPO sees 5.6X oversubscription from retail buyers

EntrackrEntrackr · 1y ago
Unicommerce IPO sees 5.6X oversubscription from retail buyers
Medial

The initial public offering of e-commerce SaaS platform Unicommerce was fully subscribed by retail investors within the first three hours of its opening. The Unicommerce IPO is scheduled from August 6 to 8, with a price band set at Rs 102-108 per share and a minimum lot size of 138 shares. To participate, investors must make a minimum investment of Rs 14,076. As of 3:11 PM (August 6), the retail portion in the Gurugram-based firm’s IPO has been oversubscribed by 5.58 times, while non-institutional investors have filled 82% of their allotted portion. The SoftBank-backed company also allocated Rs 124 crore or $15 million to its anchor investors yesterday. SBI, ICICI, Morgan Stanley, Nippon, Kotak, Aditya Birla, HDFC, and Franklin India are some key anchor investors for Unicommerce. The company demonstrated strong financial growth in the past two years as its revenue surged from Rs 59 crore in FY22 to Rs 104 crore in FY24. Significantly, the firm’s profit spiked over 2X in the same period.

Download the medial app to read full posts, comements and news.