India's primary market is set for a busy week as cloud-based media technology firm Amagi Media Labs launches its ₹1,789 crore initial public offering (IPO) on Tuesday, January 13, 2026. Alongside this mainboard issue, five small and medium-sized enterprise (SME) public issues will also open for subscription, starting Monday, January 12, 2026. This surge in new offerings highlights robust investor interest in both established and emerging Indian companies. ## Amagi Media Labs IPO Details Unveiled Amagi Media Labs, headquartered in Bengaluru, specializes in Software-as-a-Service (SaaS) for the global media and entertainment industry. The company builds cloud-native technology that helps content owners and distributors manage, distribute, and monetize video content across platforms like connected TV (CTV), over-the-top (OTT), and free ad-supported streaming TV (FAST). The^[4][5] IPO, valued at ₹1,789 crore, will run from January 13 to January 16, 2026. Inves^[1][6][7][2]tors can bid for shares within a price band of ₹343 to ₹361 per share, with a minimum lot size of 41 shares. The tota^{[6][8][9][2][3]}l issue size includes a fresh issue of ₹816 crore and an offer for sale (OFS) of ₹973 crore. Funds from th^[6][8][9][2]e fresh issue will support investments in technology and cloud infrastructure, aid inorganic growth through acquisitions, and cover general corporate expenses. Amagi Media L^[1][2]abs reported revenue of ₹1,223 crore in the financial year 2025 and turned profitable in the first half of financial year 2026, posting a net profit of ₹6.47 crore. Market observers ^[1]note a grey market premium (GMP) of ₹37 per share as of January 12, indicating strong investor demand ahead of the listing. The company's share^[1][6][10]s are expected to list on both the BSE and NSE on January 21, 2026. ### Five SME Publi^{[1][4][8][9][7][5]}c Issues Ready for Bidding The SME segment will see five companies launching their public issues this week, offering diverse investment opportunities. These issues are designed to raise capital for smaller businesses, contributing to the broader economic growth. Narmadesh Brass In^[2][3][11]dustries will open its fixed-price IPO on Monday, January 12, 2026, closing on January 15, 2026. The company, which ^[2][3][5]manufactures brass rods, billets, and various fittings, has set its share price at ₹515. Avana Electrosystems ^[12][3][5]also opens for subscription on January 12, closing on January 14, 2026. This issue aims to ra^[2][3][5]ise ₹35.22 crore with a price band of ₹56 to ₹59 per share. Avana Electrosystems manufa^[2][5]ctures customized Control and Relay Panels. On Tuesday, January 13, 20^[5]26, two more SME IPOs will begin. GRE Renew Enertech will launch its ₹39.56 crore fresh issue, closing on January 16, 2026. The renewable energy company,^[3][5] which provides on-site solar power solutions, has a price band of ₹100 to ₹105 per share. INDO SMC, a manufacturer of elect^[12][13][5]rical, industrial, and infrastructural products, will also open its ₹91.95 crore fresh issue on January 13, closing on January 15, 2026. Its shares are priced between ₹141 ^[2][5]and ₹149. The fifth SME issue comes from Armour ^[2][13]Security India, opening on Wednesday, January 14, 2026, and closing on January 19, 2026. This ₹26.51 crore fresh issue has a pri^[2][3][5]ce band of ₹55 to ₹57 per share. Armour Security India provides security, manp^[2][13][3]ower, and facility management services. ### India's IPO Market Outlook The Indian I^[5]PO market is expected to remain robust in 2026, with projections indicating a significant increase in capital raising. Avendus Capital anticipates the market could reach $25-30 billion (approximately ₹2.08-2.50 lakh crore) in 2026, while other reports project primary market fundraising at ₹3.5-4 lakh crore. This growth is driven by strong macroeconomic fun^[14][15]damentals, improved regulatory transparency, and a surge in domestic liquidity. Experts predict a more selective market, focusin^[11]g on fundamentally stronger and more mature businesses with proven profitability and cash flows. Sectors such as manufacturing, infrastructure, fi^[16][15]nancial services, fintech, consumer technology, renewables, and healthcare are expected to lead the charge in new listings. The rise in retail investor participation is a ke^[16][14][11]y factor, with millions of new demat accounts opened, signaling a shift towards greater equity ownership among Indian households. This sustained interest from both institutional a^[11]nd retail investors suggests a dynamic period ahead for India's capital markets.

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