New Delhi, Jan. 16 -- Amagi Media Labs IPO Day 3 LIVE: The initial public offering (IPO) of Amagi Media Labs Ltd, a SaaS company that helps media firm stream and monetize digital video content, saw a 13% subscription rate by the second day of bidding on Wednesday, January 14. Amagi Media Labs IPO GMP today is Rs.27.

The Indian stock market was closed on Thursday, January 15, because of the municipal corporation elections in Maharashtra.

Of the total issue size, 75% is designated for qualified institutional buyers, 15% for non-institutional investors, and the remaining 10% for retail investors.

Amagi Media Labs IPO allotment is expected to be determined on Monday, January 19, and refunds will be processed starting Tuesday, January 20. O...