Amagi Media Labs listing: Will the SaaS unicorn defy muted GMP to deliver a surprise pop?
Amagi Media Labs is launching an IPO today to raise Rs 1,788.62 crores. The grey market shows a 0.3% discount, with shares being sold at Rs 360, resulting in a loss of Rs 41 per lot. The issue has been oversubscribed 11 times, with non-institutional buyers showing the most interest. The company intends to utilise the funds for future growth and expansion.