New Delhi, Jan. 21 -- Shares of Amagi Media Labs witnessed a lower-than-expected stock market debut on Wednesday, January 21, as they listed at a significant discount of 12% to the initial public offering (IPO) price.

Amagi Media Labs' share price was listed at Rs.317 on the BSE, down 12.19% to the IPO price of Rs.361. At the same time, on NSE, Amagi Media Labs stock opened 11.91% lower at Rs.318.

The listing missed expectations as signalled by the grey market premium (GMP). Ahead of the debut, Amagi Media Labs IPO GMP was - Rs.1, signalling a flat start against the offer price.

The offer had received a healthy response from investors, garnering over 30 times the bids during the bidding period from January 13 to January 16.

Amagi Medi...