Amagi Media Labs files DRHP to raise Rs 1,020 crore from fresh issue, to use proceeds for tech, cloud infrastructure, and acquisitions.

Amagi Media Labs has filed a Draft Red Herring Prospectus with Sebi to raise Rs 1,020 crore through a mix of fresh issue and an offer for sale. The company plans to utilize the proceeds for technology and cloud infrastructure investments, inorganic growth, and general corporate purposes. Amagi is a Bengaluru-based SaaS firm that connects media companies with their audiences through cloud-native technology, serving over 45% of the top 50 listed media and entertainment companies.

Bengaluru-based SaaS firm Amagi Media Labs has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 1,020 crore through a mix of fresh issue and an offer for sale (OFS). The company aims to utilize the proceeds for investments in technology and cloud infrastructure, inorganic growth opportunities, and general corporate purposes.

Amagi Media Labs, founded in 2008, specializes in connecting media companies with their audiences through cloud-native technology. It serves over 45% of the top 50 listed media and entertainment companies by revenue. The company reported revenue growth of 30.70% in FY25, with a significant improvement in its adjusted EBITDA margin to 2.02% from 17.69% in FY24 [1].

The IPO will include a fresh issue of shares worth Rs 1,020 crore and an OFS of 3.41 crore equity shares by existing shareholders. The company may also consider a pre-IPO placement aggregating up to Rs 204 crore prior to filing the Red Herring Prospectus with the ROC. If undertaken, the fresh issue will be reduced accordingly [1].

The equity shares of the company are proposed to be listed on the BSE and NSE, with Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, IIFL Capital Services Limited, and Avendus Capital Private Limited serving as the Book Running Lead Managers [1].

Amagi Media Labs plans to utilize Rs 667 crore from the net proceeds of the fresh issue towards technology and cloud infrastructure investments. The remaining proceeds will be allocated for inorganic growth opportunities and general corporate purposes [1].

References:
[1] https://m.economictimes.com/markets/ipos/fpos/saas-unicorn-amagi-media-labs-files-drhp-with-sebi-to-raise-rs-1020-from-fresh-issue/articleshow/122918741.cms