Amagi Media Labs Files for Rs 1,020 Crore IPO
Amagi Media Labs Ltd., a leading provider of cloud-native solutions for broadcast and streaming television, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The company, founded in 2008, is seeking to raise Rs 1,020 crore through a fresh issue of equity shares and an offer for sale (OFS) of up to 3.41 crore shares.
Amagi's largest market is the United States, with a presence also in North America, Europe, and Asia-Pacific regions. The company's revenue from operations has been robust, rising to Rs 1,162 crore in FY25, with a compound annual growth rate of 30.7% from FY23. Notably, Amagi's adjusted EBITDA margin swung to positive territory, reaching 2.02% in FY25, and losses narrowed significantly to Rs 68.7 crore.
Amagi's client base is impressive, including over 45% of the top 50 global media and entertainment companies by revenue. The proceeds from the fresh issue will be allocated towards investment in technology and cloud infrastructure (Rs 667 crore), strategic acquisitions, and general corporate purposes. The company may also consider a pre-IPO placement of up to Rs 204 crore, which would proportionately reduce the size of the fresh issue.
Amagi's IPO consists of a fresh issue of equity shares aggregating up to Rs 1,020 crore and an offer for sale of up to 3.41 crore equity shares. The company's strong financial performance, extensive client base, and strategic plans for growth make this IPO an exciting opportunity for investors.
