India, Jan. 16 -- Media SaaS major Amagi's IPO sailed through on the final day of bidding, with the issue subscribed 5.39X by 13:21 IST on the third day. It received bids for 14.7 Cr shares against 2.72 Cr shares on offer, marking a sharp turnaround from the muted demand seen on the first two days.

Non-institutional investors (NIIs) emerged as the biggest drivers of demand, with their portion subscribed 10.66X. Within the category, large individual investors bidding above INR 10 Lakh led the charge, with the portion reserved for them subscribed 12.18X.

Demand in the INR 2-10 Lakh bracket also remained strong at 7.63X, indicating broad-based participation from high-net-worth individuals.

Qualified institutional buyers (QIBs) also steppe...