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

News on Medial

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

EntrackrEntrackr · 1d 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.

Related News

Amagi IPO unlocks 14x returns for Premji Invest, multi-fold gains for others

EntrackrEntrackr · 22h ago
Amagi IPO unlocks 14x returns for Premji Invest, multi-fold gains for others
Medial

Amagi IPO unlocks 14x returns for Premji Invest, multi-fold gains for others According to analysis done by Entrackr, marquee venture capital firms including PI Opportunity Fund, Norwest Venture Partners, and Accel India are staring at multi-fold gains on their initial investments. 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). PI Opportunity Fund (Premji Invest), the largest institutional shareholder in Amagi, invested nearly Rs 114 crore at an average acquisition cost of around Rs 25.5 per share. At the upper end of the IPO price band, the fund’s stake is now valued at over Rs 1,610 crore, translating into a return of over 14x. The fund is set to partially exit via an offer-for-sale (OFS) of about 1.33 crore shares, which alone is worth nearly Rs 480 crore. Norwest Venture Partners X, which invested around Rs 504 crore, is also poised for a significant payday. Its holding is now valued at approximately Rs 1,056 crore, a little over a 2x return. The firm is selling 33.8 lakh shares worth about Rs 122 crore in the IPO. Similarly, Accel India, which invested nearly Rs 246 crore, is set to see its stake grow to around Rs 821 crore, generating over 3x returns. Accel plans to offload more than 50.7 lakh shares through the OFS, valued at about Rs 183 crore at the IPO price band. Trudy Holdings, another early backer, has also clocked a more than 3x jump, with its stake now valued at over Rs 461 crore. Apart from institutional investors, several early individual shareholders are also set to achieve substantial gains. Angel investors such as Prem Gupta, Moglix’s founder Rahul Garg, Rajat Garg, and Rajesh Ramaiah who invested small amounts in Amagi, saw their holdings multiply several times over, with returns ranging from 5x to over 15x, despite modest capital outlay. Amagi’s IPO is also expected to significantly boost the wealth of its founding team. The company’s promoters i.e. Baskar Subramanian, Srividhya Srinivasan, and Arunachalam Srinivasan, together hold a substantial stake in the company, which is now valued at Rs 1,039 crore at the IPO price band. Individually, Baskar Subramanian’s holding is valued at around Rs 345 crore, while Srividhya Srinivasan and Arunachalam Srinivasan hold stakes worth approximately Rs 345 crore and Rs 348 crore, respectively. Amagi’s 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.

MobiKwik to raise Rs 572 Cr in IPO amid 70% valuation cut

EntrackrEntrackr · 1y ago
MobiKwik to raise Rs 572 Cr in IPO amid 70% valuation cut
Medial

Gurugram-based fintech firm MobiKwik has filed its Red Herring Prospectus (RHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 572 crore through a fresh issue of equity shares. This is the third instance where the company has downsized its IPO offering. The company intends to utilize the IPO proceeds for several strategic purposes. While Rs 150 crore will fund the growth of its financial services business, Rs 135 crore million is allocated for its payments biz. The firm will invest Rs 107 crore towards research and development in data science, AI-ML, and product technology, said its IPO papers. Mobikwik IPO will open for subscription on December 11 and conclude on December 13, with a price band of Rs 265-Rs 279. SBI Capital Markets and DAM Capital Advisors leading the issue as book-running managers. According to the Red Herring Prospectus, investors can bid for a minimum of one lot size, which includes 53 shares valued at Rs 14,787. The firm has structured the allocation of its IPO as follows: 75% of the issue size is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and the remaining 10% for retail investors. Based on the IPO price band, the company is currently valued at $197 million (Rs 1,660 crore). Post-IPO, with an infusion of Rs 572 crore from the fresh proceeds, its valuation will rise to $264 million. However, this reflects a 71.6% drop from its peak valuation of $924 million in 2021. As per the RHP, Peak XV is the largest external shareholder with 16.7%, followed by Bajaj Finance which holds 13.41%. Its co-founders Bipin Preet Singh and Upasna Taku command 19.21% and 13.06%, respectively. During the first quarter of the current fiscal year (Q1 FY25), MobiKwik reported revenue of Rs 342.2 crore, with a marginal loss of Rs 6.6 crore for the period. In FY24, the company achieved an impressive 62% year-on-year revenue growth, increasing from Rs 539 crore in FY23 to Rs 875 crore. It also closed FY24 on a positive note, recording a profit of Rs 14 crore.

Amagi files DRHP for Rs 1,020 Cr fresh issue; Accel, Norwest, PI to sell shares in OFS

EntrackrEntrackr · 5m ago
Amagi files DRHP for Rs 1,020 Cr fresh issue; Accel, Norwest, PI to sell shares in OFS
Medial

Amagi files DRHP for Rs 1,020 Cr fresh issue; Accel, Norwest, PI to sell shares in OFS Amagi plans to raise Rs 1,020 crore through a fresh issue of equity shares, while existing investors will offload up to 3.4 crore shares via an Offer for Sale (OFS). Cloud-based SaaS platform Amagi Media Labs has filed its Draft Red Herring Prospectus (DRHP) with SEBI, marking a key step toward its public market debut. According to the DHRP, Accel, Norwest Venture Partners, Avataar Ventures, PI Opportunities Funds, and others are part of the OFS. Accel, through two entities, Accel India VI and Accel Growth VI will divest over 60 lakhs shares while Norwest Ventures and PI Fund are looking to sell 79 lakhs and 99 lakhs shares respectively in OFS. Avataar’s AVP I Fund will also offload nearly 18 lakhs shares. Trudy Holdings, Prem Gupta, Rahul Garg, Rajesh Ramaiah and other individual shareholders will also participate in the partial exit during the offer for sale. Founded in 2008, Amagi provides cloud-native solutions for broadcast and streaming TV platforms, enabling content owners to launch, distribute and monetize live linear channels globally. The company counts global media brands and FAST (Free Ad-Supported Streaming TV) platforms as clients, with the U.S. being its largest market. The IPO proceeds from the fresh issue will be deployed toward strategic investments in technology and product development, business expansion, and general corporate purposes. The company is also considering a pre-IPO placement of up to Rs 204 crore, which would reduce the size of the fresh issue accordingly. Amagi converted into a public company in May this year in preparation for the listing. The IPO is being managed by a consortium of banks, including Kotak Mahindra Capital, Citigroup, Goldman Sachs, IIFL Capital, and Avendus. As per the DRHP filings, Amagi’s has recorded a 32% year-on-year increase in its revenue to Rs 1,163 crore in FY25 from Rs 879 crore in FY24. With the decent growth, the company has managed to reduce its losses by 72% to Rs 68.7 crore in FY25, compared to Rs 245 crore in FY24. According to startup data intelligence platform TheKredible, SaaS unicorn Amagi has raised approximately $340 million to date from prominent investors such as Premji Invest, Accel, General Atlantic, and others. Indian SaaS companies are making headlines with ambitious IPO plans amid strong sector growth.

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