Amagi reduces IPO fundraise to ₹816 crore

Amagi is a company that decided to raise less money through an IPO, which is like a big fundraiser for companies.

They wanted to make sure more investors would be interested, so they reduced the amount they wanted to raise to ₹816 crore.

Investors had questions about how the company would keep growing, make a profit, and stay ahead of competitors.

The company was happy with these questions and felt they could explain their plans well.

This shows that Amagi is trying to be transparent and build trust with potential investors.