Amagi Files IPO Papers To Raise INR 1,020 Cr

Media-focused SaaS unicorn Amagi Media Labs has filed draft red herring prospectus (DRHP) with the markets regulator SEBI to raise INR 1,020 Cr in an initial public offering (IPO).

As per the company’s DRHP, it will raise INR 1,020 Cr via the issue of fresh shares. The IPO will also consist of an offer for sale (OFS), where the stakeholders will offload 3.41 Cr shares.

Besides, the company will also consider raising a pre-IPO placement round of up to INR 204 Cr.

The development comes months after Amagi transitioned into a public entity.

(The story will be updated soon.)

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