Amagi Media Labs Shares Jump 10% After Discounted IPO Debut

• Amagi Media Labs shares debuted on BSE at Rs 317, a 12.19% discount to its IPO price of Rs 361.
• Despite a weak listing, the stock surged nearly 10% on its debut day to close at Rs 348, with a market cap of Rs 7,528.60 crore.
• The listing performance fell short of grey market expectations, which had significantly dropped from earlier estimates.
• The Rs 1,789-crore IPO was oversubscribed 30 times, with strong interest from NIIs (37.36x) and QIBs (33.77x).
• Experts suggest long-term investors hold the stock, while others might consider partial profit booking.

Why It Matters: Amagi Media Labs shares saw a volatile debut, listing at a discount but recovering to close higher on day one.