Shardul Amarchand Mangaldas Advises Investor Selling Shareholders on INR 1,788.62 Crore IPO of Amagi Media Labs Limited

January 27, 2026

Shardul Amarchand Mangaldas & Co. (“SAM”) acted as legal counsel to the investor selling shareholders in connection with the initial public offering by Amagi Media Labs Limited aggregating to approximately ₹17,886.19 million (₹1,788.62 crore). The IPO comprised a fresh issue of equity shares by the company and an offer for sale by Accel India VI (Mauritius) Ltd., Trudy Holdings, PI Opportunities Fund-I, PI Opportunities Fund-II and Norwest Venture Partners X-Mauritius. The equity shares of the company were listed on BSE Limited and the National Stock Exchange of India Limited on January 21, 2026.

The IPO marked a significant milestone for the company’s growth trajectory in the ad-tech and streaming ecosystem. Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, IIFL Capital Services Limited and Avendus Capital Private Limited acted as the book running lead managers to the issue.

The transaction team was led by Prashant Gupta, Partner and National Practice Head – Capital Markets, and Manjari Tyagi, Partner; along with Jheel Bhargava, Senior Associate; and Bhumika Panigrahi, Associate.