Amagi IPO Sees Low Subscription on Day 2

Amagi is a company that helps with TV and online streaming services.

They are trying to raise money by selling shares to the public for the first time.

On the second day of selling these shares, only 10% of the shares were bought by investors.

Regular people who invest showed the most interest, buying 43% of the shares meant for them.

Big investors, like companies, did not show much interest and only bought a very small number of shares.

The company wants to raise a lot of money, around INR 1,788.6 Cr, and become worth about INR 7,966 Cr.

Before the public sale, they already raised INR 805 Cr from a few big investors.

The company recently started making a profit and is growing its revenue.

Some people think it's a good idea to invest in Amagi for the long term because of its strong position in the market and the changing way people watch TV.

However, others are worried because the company is expensive, has low profits, and hasn't always made money in the past.