India, May 28 -- Media-focussed SaaS unicorn Amagi has converted into a public entity as it gears up for its initial public offering (IPO).

As per its filings with the Registrar of Companies (RoC), the company's board passed a special resolution on May 23 to change the name of the company to "Amagi Media Labs Limited" from "Amagi Media Labs Private Limited" previously.

The removal of the word "private" from the name is an essential step for companies looking to go public.

In its filing, Amagi said that the name conversion will enable it to raise funds from the public, without specifying the quantum of the planned issue size.

"The members are requested to note that the proposed conversion of the company from private limited to public l...