New Delhi, Jan. 15 -- The initial response to the Amagi Media Labs IPO has been tepid for the first two days of bidding. Amagi Media Labs IPO, which started on Tuesday, January, will wrap up bidding on Friday, January 19. The Indian stock markets are not trading today, Thursday, January 15, due to the municipal corporation elections happening in Maharashtra.

On the second day of bidding, Amagi Media Labs IPO subscription status was 13%, according to BSE data. The retail segment attracted a subscription of 49%, while the Non-Institutional Investors (NII) portion was covered at 8%, and bids for the Qualified Institutional Buyers (QIBs) segment reached 3%.

Amagi Media Labs IPO price band has been set in the range of Rs.343-361 per share. ...