• Amagi to raise  Rs 1,020 crore via fresh issue and 3.41 crore shares OFS; may include  Rs 204 crore pre-IPO placement.
• FY25 revenue grew to  Rs 1,162 crore with EBITDA turning positive at 2.02%; losses down 70% YoY.
• Powers 45% of top 50 global media firms; stronghold in FAST, OTT, and connected TV platforms.

Cloud-broadcast technology company Amagi Media Labs Ltd has submitted its Draft Red Herring Prospectus (DRHP) with SEBI to raise  Rs 1,020 crore by way of an Initial Public Offering (IPO).

The issue comprises a fresh issue of equity shares aggregating  Rs 1,020 crore and an Offer for Sale by existing investors such as Accel, Norwest Venture Partners, and Avataar Ventures up to 3.41 crore equity shares. A maximum of Rs 204 crore pre-IPO placement is also available, which can cut down the size of the fresh issue.

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Amagi was founded in 2008 by Baskar Subramanian, Srividhya Srinivasan, and Arunachalam Srinivasan Karapattu. Amagi offers cloud-native broadcast and streaming infrastructure solutions. The firm empowers content owners and broadcasters to manage, distribute, and monetize video on channels like FAST channels, OTT, and connected TVs.

With over 45% of the world’s top 50 media companies as clients, Amagi’s services are essential to the global content ecosystem. Its solutions include cloud migration, ad monetization, and content delivery tools. The United States is its largest market, with strong growth in Europe and APAC as well.

The IPO proceeds would be utilized to finance tech and cloud infra upgrades ( Rs 667 crore), strategic acquisitions, and general corporate purposes.

Amagi registered sales of Rs 1,162 crore in FY25, expanding at a CAGR of 30.7% since FY23. It became EBITDA positive (2.02%) in FY25 following years of negative margins. Net losses declined significantly to Rs 68.7 crore in FY25, from Rs 245 crore in FY24.

Key investors participating in the OFS are:

•           Accel (unloading ~60 lakh shares)

•           Norwest (unloading ~79 lakh shares)

•           PI Opportunities Funds I & II (~99 lakh shares)

So far, Amagi has raised $360 million from leading investors such as General Atlantic, Premji Invest, and Avataar Ventures.