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Amagi Media Labs IPO 2026: Complete IPO Analysis, Price Band, GMP, Financials, Risks & Investment View
Amagi Media Labs is set to enter the public markets in January 2026, bringing one of India’s most successful global SaaS stories to retail investors for the first time.
Amagi Media Labs IPO in Focus Ahead of January 2026 Listing
Amagi Media Labs is preparing to launch its mainboard IPO in January 2026, positioning itself as one of the most anticipated technology-led offerings of the year. Known for building cloud-native infrastructure for broadcast and streaming companies worldwide, Amagi represents a rare opportunity to invest in a profitable, globally scaled Indian SaaS company.
Founded in 2008, Amagi operates across multiple continents with engineering hubs in India, the United States, Croatia, and Poland, serving some of the world’s largest media networks.
Amagi IPO Key Details at a Glance
| Particulars | Details |
|---|---|
| IPO Opening Date | January 13, 2026 |
| IPO Closing Date | January 16, 2026 |
| Anchor Book | January 12, 2026 |
| Price Band | ₹343 – ₹361 per share |
| Face Value | ₹5 per share |
| Issue Type | Book-built Mainboard IPO |
| Issue Size | ~₹1,788.62 crore |
| Fresh Issue | ~₹816 crore |
| Offer for Sale (OFS) | ~₹972.62 crore |
| Allotment Date | January 19, 2026 |
| Listing Date | January 21, 2026 |
| Exchanges | BSE & NSE |
| Registrar | MUFG Intime India |
Grey Market Premium (GMP) Snapshot
- Current GMP (indicative): ~10–15%
- Implied Listing Expectation: Strong premium over upper price band
- Market Sentiment: Bullish, driven by SaaS valuation comfort and improving profitability
Investors should track daily updates on Live IPO GMP Today, keeping in mind that GMP is unofficial and sentiment-driven.
Business Overview: Cloud Broadcasting at Global Scale
Amagi provides cloud-managed broadcast and advertising solutions that allow media companies to operate linear TV channels without heavy on-premise infrastructure. Its platform replaces traditional satellite, fiber, and hardware-heavy broadcast systems with a fully cloud-based workflow.
What Makes Amagi Different?
- Enables broadcasters to launch and manage channels entirely on the cloud
- Reduces capital expenditure for media companies
- Offers high operational flexibility and scalability
- Serves global broadcasters, including major international media groups
This cloud-first approach has positioned Amagi as a critical infrastructure provider in the evolving streaming and connected TV ecosystem.
Revenue Model: High-Quality SaaS Economics
Amagi follows a subscription-based SaaS model, generating recurring revenue from long-term customer contracts.
Key characteristics of its model include:
- Predictable and recurring cash flows
- High gross margins typical of enterprise software
- Strong scalability with limited incremental cost
- High customer stickiness due to integration depth
As of FY25, Amagi generated ₹1,223 crore in annual revenue with a relatively lean workforce of under 900 employees, highlighting strong operational efficiency.
Financial Performance & Profitability Trend
Amagi’s financials show a clear transition from loss-making growth to profitability.
| Metric | Sep 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | ₹733.93 Cr | ₹1,223.31 Cr | ₹942.24 Cr | ₹724.72 Cr |
| EBITDA | ₹58.23 Cr | ₹23.49 Cr | -₹155.53 Cr | -₹140.34 Cr |
| PAT | ₹6.47 Cr | -₹68.71 Cr | -₹245.00 Cr | -₹321.27 Cr |
| EBITDA Margin | 7.94% | 1.92% | -16.49% | -19.35% |
Improving margins and narrowing losses signal disciplined scaling and cost control, a key positive for long-term investors.
Lot Size & Retail Investment Details
Retail Investors
- Lot Size: 41 shares
- Minimum Investment: ~₹14,800
- Maximum Retail Application: 13 lots
HNI Investors
- Small HNI: Minimum ~₹2.07 lakh
- Big HNI: Minimum ~₹10.06 lakh
The relatively low retail ticket size makes Amagi accessible to first-time IPO investors.
Category-Wise Allocation
- QIBs: Up to 75%
- Retail Investors: Up to 10%
- Non-Institutional Investors (HNIs): Up to 15%
The heavy institutional allocation reflects Amagi’s positioning as a quality, long-term technology business.
Strengths of Amagi Media Labs IPO
- Global SaaS company with strong export revenues
- Recurring subscription-based income model
- Improving profitability and margin trajectory
- Blue-chip media clients across geographies
- Strong institutional interest supported by top-tier bankers
Key Risks & Concerns to Consider
- Valuation sensitivity common to high-growth SaaS companies
- Dependence on global media and advertising cycles
- Competitive pressure from international cloud media platforms
- Limited promoter shareholding post IPO
Peer & Sector Perspective
Amagi stands apart from traditional Indian IT services companies. It is better compared with global SaaS and cloud infrastructure players, where valuation is driven by growth visibility, margin expansion, and customer retention rather than near-term earnings alone.
Who Should Consider Amagi IPO?
- Long-term investors seeking exposure to global SaaS growth
- Investors comfortable with technology and valuation-based risks
- IPO participants looking beyond short-term listing gains
What Should Investors Track Next?
- Final GMP movement before IPO opening
- Anchor investor participation details
- Subscription trends across QIB and retail segments
- Allotment updates via IPO Allotment Status
Useful IPO Links & Resources
Disclaimer: IPO investments are subject to market risks. GMP is an unofficial indicator and should not be considered financial advice.