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

EntrackrEntrackr · 28d 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.

Aye Finance to open IPO on Feb 9; sets price band at Rs 122-129

EntrackrEntrackr · 22h ago
Aye Finance to open IPO on Feb 9; sets price band at Rs 122-129
Medial

Aye Finance to open IPO on Feb 9; sets price band at Rs 122-129 Microlending platform Aye Finance has set a price band of Rs 122–129 per equity share for its upcoming initial public offering (IPO), after filing its red herring prospectus (RHP) with the capital markets regulator. According to the RHP, the public issue will open for subscription on February 9 and close on February 11, while the anchor book is scheduled to open on February 6. At the upper end of the price band, the company’s valuation is expected to be around $352 million. According to the company’s filing, Aye Finance will raise Rs 710 crore through a fresh issue and up to Rs 300 crore through offer-for-sale (OFS), aggregating to a total of Rs 1,010 crore IPO. The company’s co-founder Vikram Jetley and promoters such as Alpha Wave India I LP, MAJ Invest Financial Inclusion Fund II, CapitalG LP, LGT Capital Invest Mauritius PCC with Cell E/VP will offload shares via the OFS. Aye Finance had received SEBI’s approval in April, last year. Axis Capital, IIFL Capital, Nuvama and JM Financial are the book-running lead managers for the issue. As per the RHP, Elevation Capital is the largest external shareholder with a 16.03% stake, followed by LGT Capital, which holds 13.99% of the company. Meanwhile, Alpha Wave owns 11.10% of Aye Finance. On the financial side, Aye Finance's revenue from operations increased 21.5% to Rs 407 crore in Q1 FY26, compared to Rs 335 crore in Q1 FY25. However, the company's profit decreased 50% to Rs 30.5 crore in Q1 FY26 with a positive EBITDA of Rs 172 crore in the same period.

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