Amagi Media Labs IPO: Slow Start, Strong GMP; Brokerage Recommends 'Subscribe'

• Amagi Media Labs IPO subscribed only 10% on the second day, following a sluggish first day response.
• Despite slow subscription, the Grey Market Premium (GMP) is ₹20, suggesting a 6% listing gain.
• The IPO subscription period is from January 13 to January 16, with a price band of ₹343-₹361 per share.
• Funds raised (₹816 crore from new shares) will be used for cloud infrastructure, technology, and potential acquisitions.
• Anand Rathi brokerage recommends 'Subscribe - Long Term', citing Amagi's cloud model and R&D investment, despite 'fair' valuation.

Why It Matters: Amagi Media Labs IPO sees slow subscription but positive GMP, with a brokerage recommending long-term subscription.