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IPO News
SBI MF, ICICI Prudential MF and HDFC MF allotted majority of Amagi's total IPO anchor book of Rs. 805 crore
Posted On : 2026-01-15 23:23:33( TIMEZONE : IST )
Amagi Media Labs Ltd., (Amagi) raised Rs. 805 crore from marquee anchor investors ahead of its Rs.1,789-crore Public Issue opening on 13th of January, 2026. Amagi allotted 2,22,95,799 equity shares to 42 anchors at Rs. 361 per share (upper end of the price band) aggregating to around Rs. 805 crore.
Amagi's IPO is CY2026's first deep-tech, SaaS and private sector IPO.
Top 3 domestic mutual funds (SBI Mutual Fund, ICICI Prudential Mutual Fund and HDFC Mutual Fund) have picked up the majority of Amagi's anchor portion allocation. Amagi is one of the rare instances where all three leading consortium fund houses have come in as anchors.
Amagi's strategic selection of 35 resident & 7 non-resident anchor investors includes domestic and foreign funds, and long-only insurance companies.
Other Anchor Investors include Birla MF, Fidelity, Motilal Oswal MF, HDFC Life Insurance, Tata Mutual Fund, Franklin Templeton MF, 360One, Baroda BNP MF, Amundi, PGIM MF, Bandhan MF, Susquehanna International (SIG), Bharti Axa, Isometry Capital, Societe Generale, Creaegis, Edelweiss Tokio Life, New Vernon Capital, Helios (incl. MF) among others. The anchor book features renowned funds, which are very selective about their investments.
The public issue will close on January 16, extended to four days due to local municipal elections in Maharashtra.
The Initial Public Offering of Amagi comprises of a Fresh Issue of Equity Shares aggregating up to ₹ 816 crore and an Offer for Sale of up to 26,942,343 Equity Shares by the Selling Shareholders. The IPO's fresh issue proceeds of Rs. 816 crore will be used for financing expenses towards technology and cloud infrastructure; funding inorganic growth through unidentified acquisitions and general corporate purposes.
The Offer for Sale includes up to 9,889,646 Equity Shares by PI Opportunities Fund I, up to 5,072,582 Equity Shares by Accel India VI (Mauritius) Ltd, up to 5,072,582 Equity Shares by Trudy Holdings, up to 3,411,792 Equity Shares by PI Opportunities Fund II, up to 3,381,721 Equity Shares by Norwest Venture Partners X - Mauritius, (collectively the "Investor Selling Shareholders"); up to 60,000 Equity Shares by Rahul Garg, up to 22,725 Equity Shares by Rajat Garg, up to 18,495 Equity Shares by Kollengode Ramanathan Lakshminarayana, up to 10,000 Equity Shares by Prem Gupta and up to 2,800 Equity Shares by Rajesh Ramaiah (collectively "Individual Selling Shareholders").
The Equity Shares of the Company are proposed to be listed on BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") (BSE and NSE together, the "Stock Exchanges").
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, IIFL Capital Services Limited, and Avendus Capital Private Limited are the Book Running Lead Managers ("BRLMs") to the Offer.
