Amagi Media Labs IPO listing on NSE, BSE: The Bengaluru-based company, founded in 2008, raised about Rs 805 crore from anchor investors ahead of the public issue.
Shares of Amagi Media Labs Ltd on Wednesday listed with a discount of nearly 12 per cent against the issue price of Rs 361. The stock of the company started the trade at Rs 317, lower by 12.19 per cent from the issue price on the BSE. However, it rebounded by 4.49 per cent to Rs 331.25. At the NSE, it declined 11.91 per cent to Rs 318 in opening deals. Earlier, the initial public offering (IPO) of cloud-based software-as-a-service (SaaS) company Amagi Media Labs Ltd received 30.22 times subscription on the final day of bidding on Friday. According to the data available on the National Stock Exchange (NSE), the issue received bids for 82,40,12,260 shares against 2,72,66,589 shares on offer. Ahead of the IPO, the company raised about Rs 805 crore from anchor investors. The Bengaluru-based company, which was founded in 2008, provides cloud-native software and managed services to content owners, distributors and advertisers, helping them distribute and monetise ad-supported video across streaming and connected TV platforms.
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