Amagi Media Labs IPO
Amagi Media Labs Limited (AMAGI) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 21 January 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +6.1% (likely range -2% to +24%), day's high +15.4%, chance of a gain 51%. Actual: -11.9% at the open, -1.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,45,83,482 | 49,24,23,817 | 33.8x | |
| NII (HNI) total | 76,09,864 | 28,43,34,877 | 37.4x | |
| Big NII (above ₹10 lakh) | 50,73,243 | 21,92,01,416 | 43.2x | |
| Small NII (₹2-10 lakh) | 25,36,621 | 6,51,33,461 | 25.7x | |
| Retail | 50,73,243 | 4,72,53,566 | 9.31x | |
| Total | 2,72,66,589 | 82,40,12,260 | 30.2x |
Bids on NSE and BSE together, as published by NSE, as of 16 Jan 2026, 07:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Amagi Media Labs's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| IRM ENERGY LIMITEDOct 2023 | 44.7x | 48.3x | 9.29x | 27.1x | ₹545 Cr | -5.5% | -4.2% |
| Jaro Institute of Technology Management and ResearchSep 2025 | 35.4x | 35.5x | 8.71x | 22.1x | ₹473 Cr | 0.0% | 0.0% |
| Allied Blenders and DistillersJun 2024 | 50.4x | 32.4x | 4.51x | 23.5x | ₹1,579 Cr | +13.9% | +15.6% |
| Vikran EngineeringAug 2025 | 19.5x | 58.6x | 11.0x | 23.6x | ₹814 Cr | +2.1% | +4.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Goldman Sachs (India) Securities | 16 | +18.4% | 69% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| Avendus Capital | 9 | +8.6% | 67% |
Offer documents (NSE)
Frequently asked
What is the Amagi Media Labs IPO price band and lot size? ₹343–361 per share, with a lot of 41 shares, so the smallest retail bid is ₹14,801.
How many times has it been subscribed? 30.2x overall: QIB 33.8x, NII 37.4x, retail 9.31x.
How did it list? It opened at ₹318, -11.9% against the issue price of ₹361, and closed its first day -3.5%.
