The Indian stock market's primary segment is set for significant activity next week, with six companies launching public issues starting January 12, 2026. Amagi Media Labs emerges as the sole mainboard offering, while five SME companies will simultaneously seek public investment across diverse sectors.

Amagi Media Labs Mainboard IPO

Amagi Media Labs Ltd is launching a comprehensive public issue targeting ₹1,789.00 crore through a combination structure. The cloud-based technology company has structured its offering with a fresh issue component of ₹816.00 crore and an offer for sale segment of ₹973.00 crore.

The company plans to utilize IPO proceeds for technology and cloud infrastructure investments, funding inorganic growth through acquisitions, and general corporate purposes. Kotak Mahindra Capital, Citigroup Global Markets, Goldman Sachs (India), IIFL Capital Services, and Avendus Capital serve as book-running lead managers, with MUFG Intime India Private Limited as the registrar.

SME IPO Lineup

Five SME companies will launch public issues next week, collectively seeking ₹238.11 crore from investors across manufacturing and technology sectors.

Avana Electrosystems IPO

Avana Electrosystems opens the SME segment on January 12, 2026, with a three-day subscription period ending January 14. The company seeks ₹35.22 crore through 52 lakh fresh equity shares and 8 lakh offer for sale shares.

Narmadesh Brass Industries IPO

Narmadesh Brass Industries launches simultaneously on January 12, targeting ₹44.87 crore through a combination of fresh issue and offer for sale components. The four-day subscription window extends until January 15, 2026.

INDO SMC IPO

INDO SMC represents the largest SME offering, seeking ₹91.95 crore through an entirely fresh issue of 62 lakh shares. The subscription period runs from January 13-16, 2026.

GRE Renew Enertech IPO

GRE Renew Enertech focuses on renewable energy sector expansion, targeting ₹39.56 crore through 38 lakh fresh shares. The company's subscription window aligns with INDO SMC's January 13-16 timeline.

Armour Security India IPO

Armour Security India concludes the SME lineup, seeking ₹26.51 crore through 47 lakh fresh equity shares. The company offers the longest subscription period, opening January 14 and closing January 19, 2026.

Fund Utilization Plans

The companies have outlined specific deployment strategies for IPO proceeds:

• Technology Infrastructure: Amagi Media Labs and GRE Renew Enertech focus on technology and renewable energy investments
• Capacity Expansion: Multiple companies plan machinery purchases and facility upgrades
• Working Capital: All SME companies include working capital requirements in their fund utilization
• Debt Management: Several companies plan loan repayment or prepayment from proceeds

Next week's primary market activity represents diverse sector participation, from cloud technology to manufacturing and renewable energy, providing investors varied investment opportunities across market segments.

Amagi Media Labs, a cloud-based television technology company, is preparing to launch its initial public offering in the Indian primary market on January 13, 2026. The company has set an attractive price band of ₹343 to ₹361 per equity share, targeting to raise ₹1,789 crore through this public offering. The IPO structure includes ₹816 crore through fresh issue of shares and ₹973 crore via the offer for sale route, with listing planned on both BSE and NSE.

IPO Structure and Timeline

The public offering will remain open for subscription from January 13, 2026, to January 16, 2026. Investors can participate in lots of 41 shares each, making the minimum investment requirement between ₹14,063 and ₹14,801 depending on the final price discovery.

Market Response and Grey Market Premium

Shares of Amagi Media Labs are currently trading at a premium of ₹43 in the grey market, indicating positive investor sentiment ahead of the IPO launch. This grey market premium suggests strong demand for the company's shares among retail and institutional investors.

The tentative share allotment date is scheduled for January 17, 2026, though it may be postponed to January 19, 2026, if weekend scheduling causes delays. The company's shares are expected to list on January 21, 2026.

IPO Management Team

MUFG Intime India Private Limited has been appointed as the official registrar for the book-building issue. The IPO is being managed by a consortium of prominent investment banks including Kotak Mahindra Capital, Citigroup Global Markets, Goldman Sachs (India), IIFL Capital Services, and Avendus Capital as lead managers.

Financial Performance Overview

Amagi Media Labs has demonstrated consistent revenue growth over the past two financial years. The company's total revenue reached ₹734 crore in the September 2025 quarter, representing approximately 60% of its total income for FY25.

While the company reported losses in FY23, FY24, and FY25, there has been year-on-year improvement in profitability metrics. The company achieved a positive PAT of ₹6.47 crore in the September 2025 quarter, marking a significant turnaround from previous periods. This improvement contributed to a substantial increase in the company's net worth, which grew from approximately ₹510 crore at the end of FY25 to around ₹860 crore by the September 2025 quarter.