Synopsis : Amagi Media Labs has filed its DRHP with SEBI, launching its plans to raise funds via IPO with a fresh equity issue of ?1,020 crore and an OFS of 3.41 crore shares. The SaaS-based cloud broadcasting firm plans to strengthen its tech stack and explore strategic growth through the proceeds.
Amagi Media Labs Ltd, a leading SaaS-based cloud broadcasting and ad-tech company, has officially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The offer comprises a fresh issue of equity shares aggregating up to ?1,020 crore and an offer for sale (OFS) of up to 3.41 crore equity shares by existing shareholders.
The company aims to use ?667 crore from the fresh issue to enhance its technology capabilities and cloud infrastructure. The remaining funds will support inorganic expansion initiatives and general corporate purposes, signaling Amagi’s intent to deepen its global tech footprint.
The OFS involves a partial exit by prominent early investors, including PI Opportunities Funds I & II, Norwest Venture Partners, Accel India, Avataar Ventures, and others. Amagi also announced the possibility of a pre-IPO placement of up to ?204 crore, which could proportionally reduce the fresh issue size.
Amagi has demonstrated robust financial growth, clocking revenue of ?1,162 crore in FY25, with a 30.7% CAGR from FY23 to FY25. It also marked a significant turnaround in profitability with an adjusted EBITDA margin of 2.02% in FY25, a strong recovery from negative margins in the previous two years.
Founded in 2008, Amagi has become a global force in cloud-based video delivery and monetization, backed by marquee investors like Accel, Norwest Venture Partners, Avataar Ventures, and Premji Invest.
The IPO will be managed by top investment banks, including Kotak Mahindra Capital, Citigroup, Goldman Sachs, IIFL Capital, and Avendus Capital. The company’s shares will be listed on both BSE and NSE, post-approval and allotment.
Disclaimer : This article is for informational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before making investment decisions.
