New Delhi, Jan. 13 -- The initial public offering (IPO) of Amagi Media Labs opened for bidding for the first day on Tuesday, January 13, to a tepid response from investors.

Amage Media Labs IPO subscription status was 6% at the end of Day 1, with the retail portion subscribed the most so far at 28%. The non-institutional investor (NII) quota received 4% bids, while the qualified institutional buyer (QIB) segment was not subscribed yet.

Amagi Media Labs is looking to raise Rs.1,788 crore via the maiden share sale that will close on January 16.

The IPO is priced in the range of Rs.343-361 per share. At the upper end of the price band, the company is valued at over Rs.7,800 crore.

The issue comprises a fresh equity issuance of Rs.816 cro...