**Breaking Down Amagi’s Impressive IPO Debut: A Cloud TV Software Program Firm Scores Massive in India**
In a significant milestone for the Indian tech sector, cloud TV software program firm Amagi Media Labs has formally made its market debut, elevating a whopping ₹17.89 billion (round $196 million) in an IPO. This sturdy debut has set the stage for a promising future, and we’re diving into the main points to see what this implies for the Indian tech market.
Amagi’s IPO opened at a cool ₹318, which is a 12% low cost to the challenge worth of ₹361, however quickly climbed to ₹356.95 and finally traded round ₹348.85. Its valuation now stands at ₹75.44 billion, which is roughly $825.81 million. Amagi was valued at a whopping $1.4 billion in a non-public funding spherical in November 2022, and traders clearly didn’t get sufficient. They sought to purchase greater than 30 times the accessible shares after elevating $100 million, that is disgustingly enthusiastic!
Amagi is one among the many first tech companies to go public in India, and its enterprise is a uncommon export-first know-how story. The agency earns a staggering 73% of its income from the US and 20% from Europe, which reveals how world Amagi is. CEO and co-founder Baskar Subramanian highlighted in an interview how Amagi’s cloud software program makes it straightforward for TV networks and streaming providers to distribute and monetize video.
The IPO included a brand new problem of ₹8.16 billion, whereas current traders bought about 26.9 million shares by means of an offer-for-sale. Norwest Enterprise Companions, Accel, and Premji Make investments had been amongst Amagi’s current shareholders who purchased shares within the IPO. Subramanian confirmed that the gross sales had been solely a “very small portion” of holdings, and the corporate’s founders weren’t promoting a single share. Accel associate Shekhar Kirani mentioned they’re reluctantly exiting as little as attainable to make this occur.
With shoppers like Lionsgate Studios, Fox, and Sinclair Broadcast Group in its pocket, Amagi is a severe participant within the cloud TV software program market. It’s a shift within the trade as broadcasters and streamers transfer away from “large iron” {hardware} and satellite-based workflows towards cloud-based operations, and Amagi is principal this new wave.
The agency’s income from operations rose 34.6% year-over-year to ₹7.05 billion within the six months ended September 30, 2025, whereas web income retention was about 127%. Amagi is betting that broadcast and dwell video are nonetheless within the early levels of transferring to the cloud, estimating that lower than 10% of the trade has made the shift, leaving a protracted runway as media teams modernise infrastructure and develop ad-supported streaming.
What makes Amagi so distinctive is its function as a “premium” and extremely dependable platform for blue-chip prospects, mentioned Accel associate Rachit Parekh. Downtime throughout main dwell occasions could be extremely pricey for broadcasters and streamers, and Amagi is the go-to resolution.
India’s IPO market has drawn a rising variety of tech-led listings, supported by sturdy home investor demand as late-stage startup funding stays subdued. Amagi’s debut is a part of this pattern, and it’s not the one tech firm trying to raise funds within the public markets. India’s tech sector is on the rise, with 42 IPOs in 2025, up from 36 in 2024, in accordance with market intelligence agency Tracxn.
This IPO has made waves within the tech world, and we can’t wait to see what the longer term holds for Amagi and the Indian tech sector!
