Amagi Media Labs Raises Rs 805 Crore from Anchor Investors Ahead of Rs 1,789-Crore IPO

• Amagi Media Labs secured Rs 804.87 crore from 42 anchor investors on January 12, a day before its IPO opening.
• The Bengaluru-based cloud-native SaaS provider aims to raise Rs 1,789 crore through its IPO, priced at Rs 343-361 per share.
• The IPO includes a fresh issue of Rs 816 crore and an offer-for-sale of Rs 973 crore by existing shareholders like Azim Premji's PI Opportunities Fund and Accel India.
• Domestic mutual funds, including SBI Mutual Fund and ICICI Prudential, were major anchor investors, acquiring Rs 613 crore worth of shares.
• Proceeds from the fresh issue will fund technology, cloud infrastructure, and inorganic growth through acquisitions.

Why It Matters: Amagi Media Labs successfully raised Rs 805 crore from anchor investors, setting the stage for its Rs 1,789-crore IPO.