Amagi Media Labs Shares Debut Weak, List 12% Below IPO Price

Amagi Media Labs Share Price: Stock Lists at Discount Despite 30x IPO Subscription

Amagi Media Labs made a weak debut on the stock market on January 21, even though its Rs 1,789-crore IPO was subscribed 30 times during the bidding period from January 13 to January 16.

On the BSE, Amagi Media Labs shares listed at Rs 317 per share, reflecting a 12.19% discount to the IPO issue price of Rs 361. Following the listing, the company’s market capitalisation stood at Rs 6,857.94 crore.

Meanwhile, on the NSE, the stock debuted at Rs 318 per share, marking a slightly lower discount of 11.91% compared to the issue price.

Listing vs Grey Market Expectations

The listing performance fell well short of grey market expectations. Ahead of the debut, Amagi Media Labs’ unlisted shares were trading at a marginal grey market discount of 0.28%, according to Investorgain data.

Notably, the grey market premium (GMP) had seen a sharp decline, dropping from around 11.91% on January 8 to near-flat levels before listing.

Amagi Media Labs IPO Subscription Details

The weak listing came despite strong investor demand for the IPO. The SaaS company’s public issue attracted heavy interest across investor categories:

• Retail Individual Investors (RII): Subscribed 9.31 times
• Non-Institutional Investors (NII): Subscribed 37.36 times
• Qualified Institutional Buyers (QIB): Subscribed 33.77 times

Overall, the IPO was subscribed 30 times, highlighting robust participation even as the stock disappointed on debut.