IPO Calendar: Amagi Media Labs to headline busy week as six issues open for subscription next week

The primary market is set for a busy week ahead, with six IPOs opening for subscription between January 12 and January 16, led by Amagi Media Labs, the only mainboard IPO scheduled during the period. The remaining five issues are SME listings. Apart from the new IPOs, there will be five listings on investors’ radar, including that of Bharat Coking Coal, whose public offer received a strong response on the first day.

The Bharat Coking Coal IPO was subscribed eight times on Day 1, driven by strong interest from both institutional and non-institutional investors. The grey market premium for the company is around 39% over the issue price of Rs 23, indicating steady buzz around the listing.

Amagi Media Labs IPO

The spotlight will be on Amagi Media Labs, which will open its Rs 1,789 crore IPO on Tuesday, January 13, and close on Friday, January 16. The cloud-based ad-tech and media technology company has fixed a price band of Rs 343 to Rs 361 per share and plans to list on both the BSE and NSE.The latest grey market premium for Amagi Media Labs is around Rs 37, implying a 10% premium over the offer price. The issue comprises a fresh equity issue of Rs 816 crore and an offer for sale worth Rs 972.6 crore by existing shareholders.

Founded in 2008 and headquartered in Bengaluru, Amagi operates in the fast-growing connected TV and FAST (Free Ad-Supported Streaming TV) segment. The company provides end-to-end solutions for content owners and broadcasters, covering cloud playout, ad insertion, monetisation and analytics.

With operations across the US, Europe and Asia, Amagi serves more than 700 content brands and supports over 2,000 channel deployments globally. Proceeds from the IPO will be used largely for technology investment, cloud infrastructure and inorganic growth opportunities.

SME segment

Alongside Amagi, five SME IPOs will also hit the market next week. Narmadesh Brass Industries and Avana Electrosystems will open first on Monday, January 12. Narmadesh Brass has set a fixed price of Rs 515 per share for its BSE SME issue, while Avana Electrosystems has a price band of Rs 56 to Rs 59 and will list on NSE SME.

On Tuesday, January 13, two more SME issues, GRE Renew Enertech and Indo SMC, will open for bidding. GRE Renew Enertech has fixed a price band of Rs 100 to Rs 105, while Indo SMC has set a range of Rs 141 to Rs 149 per share. Both issues will close by the end of the week.

The final issue of the week, Armour Security India, will open on Wednesday, January 14, with a price band of Rs 55 to Rs 57, and close on January 19. The company will list on NSE SME.

While SME IPO activity remains strong, investor focus is likely to remain skewed towards Amagi Media Labs due to its scale and global business model. Subscription trends and listing performance next week will also provide important cues on risk appetite amid ongoing market volatility.

With multiple offerings across segments, investors are expected to be selective, weighing business quality, valuations and long-term growth visibility before committing capital.

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