Overview
- By 13:51 IST on Jan. 14, bids covered 10% of the offer, with retail at 43%, NIIs at 7% and QIBs largely absent.
- The book-built issue totals about Rs 1,788.6–1,789 crore within a Rs 343–361 price band, including a Rs 816 crore fresh issue and an OFS of about 2.69 crore shares.
- On Jan. 12, Amagi raised roughly Rs 804–805 crore from 42 anchors at Rs 361, with about 76% of shares allotted to domestic mutual funds.
- The offering targets a valuation near Rs 7,966 crore at the top band, roughly 37% below its last private valuation of $1.4 billion.
- Proceeds are slated mainly for technology and cloud infrastructure (around Rs 550 crore), with the rest for acquisitions and general corporate purposes, and listing is tentatively set for Jan. 21 on the BSE and NSE.