Amagi Media Labs said it had raised ₹805 crore from marquee anchor investors including SBI MF, ICICI Prudential MF and HDFC MF ahead of its ₹1,789-crore public issue, which opened for subscription on Tuesday. The company allotted 2,22,95,799 equity shares to 42 anchor investors at ₹361 per share (the upper end of the price band).
The top three domestic mutual funds – SBI MF, ICICI Prudential MF, and HDFC MF – had picked up the majority of Amagi’s anchor portion allocation – around 40% of the total anchor book, it said.
Other anchors 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 IPO’s fresh issue proceeds of ₹816 crore will be used for financing expenses towards technology and cloud infrastructure; funding inorganic growth through unidentified acquisitions and general corporate purposes.
The public issue will close on January 16, extended to four days due to local municipal elections in Maharashtra.
Published – January 13, 2026 09:00 pm IST
