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Amagi lists at 12% discount on stock exchange

EntrackrEntrackr · 6d ago
Amagi lists at 12% discount on stock exchange
Medial

Amagi lists at 12% discount on stock exchange Adtech unicorn Amagi Media Labs made a muted debut on the Indian stock exchanges on Wednesday, listing at a discount to its IPO price despite strong investor interest during the issue. The Bengaluru-based company’s shares are listed at Rs 317 on the BSE and Rs 318 on the NSE, nearly 12% lower than the IPO issue price of Rs 361. Amagi’s IPO witnessed strong subscription across categories, with the issue closing at over 30x overall subscription, led by institutional and non-institutional investors. The QIB portion was subscribed over 30 times, while HNIs subscribed nearly 40 times. Retail participation was also subscribed to 9–10 times during the subscription period. The Bengaluru-based company’s Rs 1,789 crore IPO comprises a fresh issue as well as an offer-for-sale (OFS) by existing investors. Proceeds from the fresh issue will be used to strengthen Amagi’s technology and data stack, expand its global footprint, and pursue strategic acquisitions, while the OFS will provide partial exits to early and late-stage investors. The company also raised Rs 805 crore from anchor investors ahead of IPO. Founded in 2008, Amagi operates a cloud-managed advertising platform focused on connected TV (CTV) and programmatic advertising, enabling brands to run targeted campaigns across streaming platforms. The company derives a majority of its revenue 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. During the first half of the ongoing fiscal year (H1FY26), the company posted Rs 706 crore revenue with profits of Rs 6.5 crore. Amagi is currently trading at Rs 349 per share (as on 10:54 AM) with the total market capitalization of Rs 7,570 crore or $841 million.

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Indiqube Spaces lists at discount; market cap hovers at Rs 4,400 Cr

EntrackrEntrackr · 6m ago
Indiqube Spaces lists at discount; market cap hovers at Rs 4,400 Cr
Medial

Indiqube Spaces lists at discount; market cap hovers at Rs 4,400 Cr Flexible workspace provider Indiqube Spaces made a muffled debut on the stock exchange on Wednesday, listing at Rs 216 on the NSE (National Stock Exchange), a 9% discount to its issue price of Rs 237. While the listing saw a strong response to its Rs 700 crore public offer, which included Rs 650 crore of new shares and Rs 50 crore sold by existing investors, the issue was oversubscribed more than 12 times. Most of the demand came from large institutional investors. At the same time, retail investors bid nearly 13 times the number of shares available to them, while the non-institutional (high-net-worth) category was subscribed to over 8 times. Founded in 2015, Indiqube provides managed workspace solutions to startups, enterprises, and SMEs, with a presence across major Indian cities. The company plans to use the IPO proceeds primarily to repay debt, fund capex, and for general corporate purposes. The tepid listing puts pressure on the company to deliver on its growth plans amid increasing competition in the flexible office segment. While the IPO attracted marquee anchor investors, with investments of Rs 374 crore from HDFC MF, ICICI Pru, Nippon Life, and White Oak, public market investors appear to be treading cautiously. Financially, IndiQube reported a 27.5% YoY revenue growth, clocking Rs 1,059 crore in FY25, compared to Rs 830 crore in FY24. The company also cut its losses by 59% to Rs 139.5 crore, from Rs 341.5 crore a fiscal earlier. Indiqube was trading at Rs 210.85 (as of 11.15 AM) on NSE with a total market capitalization of Rs 4,428 crore (approximately $521 million). It competes with Awfis, which debuted on the stock exchanges in May last year with a strong listing, opening at a 13% premium to its issue price. Smartworks, which went public earlier this month, also saw a positive start, listing at a 7% premium.

Reddit fueled meme-stock mania. Now its CEO is overseeing his own company’s IPO.

LivemintLivemint · 1y ago
Reddit fueled meme-stock mania. Now its CEO is overseeing his own company’s IPO.
Medial

Steve Huffman, the CEO of Reddit, is preparing to take the social media platform public in one of the most anticipated initial public offerings (IPOs) of the year. Reddit, known for its user-led communities called subreddits, is hoping to capitalize on its active user base and become a hot stock when it lists shares on the New York Stock Exchange. Huffman's journey with Reddit has been a mix of personal and professional, as he co-founded the company in 2005 and has since transformed it into a more business-focused platform while maintaining a connection with its users. However, Reddit's profitability and reliance on volunteer moderators remain concerns as it enters the stock market.

Amagi converts to public entity ahead of IPO plans

EntrackrEntrackr · 8m ago
Amagi converts to public entity ahead of IPO plans
Medial

Amagi, a leading cloud-based media SaaS company, is preparing for an initial public offering (IPO) and has taken a concrete step by converting its holding company into a public entity. The board of Amagi has approved a resolution to change its status to a public company and rename it from "Amagi Media Labs Private Limited" to "Amagi Media Labs Limited," according to its regulatory filing. As per media reports, Amagi is planning to raise Rs 3,200 crore through a public listing and has appointed Kotak Mahindra Capital, Citigroup, IIFL Capital, and Goldman Sachs as book-running lead managers. Earlier this month, the Accel-backed company also appointed Ira Gupta and Giridhar Sanjeevi as independent directors to meet the regulatory requirements of the Securities Exchange Board of India (SEBI). Amagi is a cloud-based media SaaS company offering solutions for content creation, distribution, and monetization. Its platform enables broadcasters to virtualize operations and deliver personalized ads for clients such as Warner Bros., NBCUniversal, Rakuten TV, and Paramount. As per the startup data intelligence platform TheKredible, the SaaS unicorn Amagi has raised approximately $340 million to date from prominent investors such as Premji Invest, Accel, General Atlantic, and others. The company, which established a steady revenue stream after navigating a difficult pivot, attained unicorn status in March 2022 following its largest funding round—a $100 million investment led by General Atlantic. During the fiscal year ending March 2024, the company recorded 29% year-on-year growth in its operating revenue to Rs 879 crore while managing to reduce its losses by 23.7% to Rs 245 crore in FY24.

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