Amagi Media Labs IPO listing: Shares of Amagi Media Labs witnessed a lower-than-expected stock market debut on Wednesday, January 21, as they listed at a significant discount of 12% to the initial public offering (IPO) price.
Amagi Media Labs’ share price was listed at ₹317 on the BSE, down 12.19% to the IPO price of ₹361. At the same time, on NSE, Amagi Media Labs stock opened 11.91% lower at ₹318.
The listing missed expectations as signaled by the gray market premium (GMP). Ahead of the debut, Amagi Media Labs IPO GMP was – ₹1, signaling a flat start against the offer price.
Amagi Media Labs IPO details
The offer had received a healthy response from investors, garnering over 30 times the bids during the bidding period from January 13 to January 16.
Amagi Media Labs IPO received bids for 82,40,12,260 shares against 2,72,66,589 shares on offer, as per NSE data, resulting in 30.22 times subscription.
The quota for non-institutional investors fetched 37.36 times subscription, while the category for qualified institutional buyers got subscribed 33.77 times. The portion for retail individual investors received 9.31 times subscription.
