MAM
Amagi Media Labs IPO opens 13 January at Rs 343 to Rs 361 Band
MUMBAI: India’s fast-growing ad-tech star Amagi Media Labs Limited is ready to make its stock market debut, opening its initial public offering on Tuesday, 13 January 2026.
The IPO, which blends fresh capital raising with partial exits for early backers, will remain open until Friday, January 16. Anchor investors get first dibs a day earlier, on Monday, 12 January.
Amagi has set its price band between Rs 343 and Rs 361 per share, with each equity share carrying a face value of Rs 5. Investors can bid for a minimum of 41 shares and then in multiples of 41, making the entry ticket clear and simple.
At the heart of the offer is a fresh issue worth up to Rs 8,160 million, aimed at fuelling the company’s next phase of growth. Alongside this, existing shareholders will sell up to 26.94 million shares through an offer for sale.
Some of India’s most recognisable venture capital names are trimming their holdings, including PI Opportunities Fund I and II, Accel India VI, Trudy Holdings and Norwest Venture Partners. A small number of shares will also be sold by individual shareholders, including founders and early executives.
Once the dust settles, Amagi’s shares are set to be listed on both the BSE and the National Stock Exchange, putting the company firmly in the public spotlight.
The IPO is being steered by a heavyweight syndicate of bankers, with Kotak Mahindra Capital, Citigroup, Goldman Sachs India, IIFL Capital Services and Avendus Capital acting as book running lead managers.
For market watchers and casual investors alike, Amagi’s listing adds another lively chapter to India’s buzzing startup to stock market story.
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
