Bengaluru, July 26 -- Cloud-based video broadcasting and distribution platform Amagi Media Labs Ltd has filed draft papers to raise Rs.1,020 crore in an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi).

Mint reported in January that the software-as-a-service firm appointed investment bankers, including Kotak Mahindra Capital, Citigroup, IIFL Capital, and Goldman Sachs, for a Rs.3,200-crore public listing.

The proposed IPO consists of an issue of fresh equity shares worth Rs.1,020 crore and an offer for sale of up to 34 million shares, showed the draft red herring prospectus (DRHP)

The listing will make the Bengaluru-based unicorn the very first sectoral player in the broadcast and streaming ecosystem...