Amagi, a Bengaluru-headquartered adtech unicorn, made a subdued debut on the Indian stock exchanges on Tuesday, with its shares listing at a discount of nearly 12% to the issue price, reflecting cautious investor sentiment amid volatile market conditions and valuation concerns around new-age technology firms.
The company’s stock listed at ₹352 on the NSE, compared to its IPO issue price of ₹400 per share, while on the BSE it opened slightly lower at ₹349. Soon after listing, the stock witnessed mild buying interest, but remained under pressure through the early hours of trade, underperforming broader benchmark indices.
Tepid Listing Mirrors Broader Tech IPO Mood
Market participants attrib
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