Founders, investors see paper gains shrink as Amagi lists at 12% discount

Among investors, Norwest Venture Partners, which holds a 11.3% stake in the company post-IPO, is sitting on a 1.8x paper gain on its investment, compared with an estimated 2.1x gain at the time the price band was announced. The investment firm sold 33.8 lakh shares for Rs 122 crore through the offer-for-sale component of the IPO.