Amagi Media Labs IPO sees strong demand: 10x overall, NII booked 19x 🚀

The IPO of Amagi Media Labs is closing for public subscription today, January 16, and it has seen strong demand from investors. By Day 3, the issue was subscribed over 10 times, with interest picking up sharply during the afternoon session.

As of 2:15 pm, bids were received for around 28.51 crore shares, compared to the total issue size of 2.73 crore shares, according to NSE data.

Among investor categories, Non-Institutional Investors (NIIs) showed the highest enthusiasm, subscribing their portion nearly 19 times. Qualified Institutional Buyers (QIBs) also participated actively, booking their quota over 8 times. Retail investors showed healthy interest as well, subscribing their reserved portion 4.43 times.

Overall, the strong subscription numbers reflect high confidence in the Amagi Media Labs IPO across all investor segments. 📈