Amagi Media Labs IPO Subscribed on Day 3 With 7% Grey Market Premium
Amagi Media Labs IPO: Final Day Brief
The **Rs 1,789 crore** initial public offering of Amagi Media Labs entered its final bidding day today. Market sentiment showed a slight recovery as the Grey Market Premium (GMP) edged higher to approximately **7%**.
Subscription levels remained subdued through the second day of the issue, reaching only **13%** of the total offer. This slow momentum underscores a cautious approach from investors navigating recent market volatility.
Investor appetite appears constrained by ongoing valuation concerns surrounding new-age technology firms. While the marginal improvement in the grey market provides a minor buffer, the overall response reflects a "wait-and-watch" strategy ahead of the final closing hours.