AGS Transact Technologies IPO

AGS Transact Technologies IPO

Mainboard

₹14,875 / 85 Shares

Offer Date:Jan 19, 2022 - Jan 21, 2022
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IPO Details

AGS Transact Technologies IPO IPO is priced between ₹166-175 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.

The IPO bidding period opened on 19 Jan, 2022, and closed on 21 Jan, 2022. The allotment results will be announced on 27 Jan, 2022, with a tentative listing date set for 31 Jan, 2022.

The total issue comprises 3,88,57,143 Eq Shares of ₹10 , amounting to ₹680.00 Cr.

AGS Transact Technologies IPO IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Jan 19, 2022 - Jan 21, 202231 Jan, 2022₹10 Per Equity Share₹166-175 per equity share- Shares -BSE, NSE

AGS Transact Technologies IPO IPO Timeline

IPO Open Date
19 Jan, 2022
IPO Close Date
21 Jan, 2022
Basis of Allotment
27 Jan, 2022
Listing Date
31 Jan, 2022

Issue Price

₹166-175 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Market Lot

85 Shares (₹14,875/-)

Lead Manager

ICICI Securities Limited, HDFC Bank Limited, JM Financial Limited

Issue Size

3,88,57,143 Eq Shares of ₹10 (aggregating up to ₹680.00 Cr)Offer for Sale: 3,88,57,143 Eq Shares of ₹10 (aggregating up to ₹680.00 Cr)

Retail Portion

35% (Number of Retail Applications : 1,60,000 Approx)

Subscription

7.79 times

IPO Docs

DRHP RHP

AGS Transact Technologies IPO IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 212913.831797.1554.79---
31 Mar 202241.391833.5283.01---
31 Mar 192054.421823.6366.19---

All values are in ₹ Cr.

About Company

AGS Transact Technologies Ltd is one of the India's leading omni-channel payment solution providers. It is the second largest company in India in terms of revenue from ATM managed services and also the largest deployer of POS terminals at petroleum outlets in India. It not just serves Indian market but also expanded internationally in other Asian countries including Sri Lanka, Cambodia, Singapore, Indonesia, and Philippines. The firm primarily operates in 3 business segments;

1.Payment Solution services such as ATM and CRM outsourcing, cash management services, digital payment solutions, transaction switching services, POS machine services, agency banking, etc. As of March 31, 2021, it has a portfolio of 13,959 ATMs and CRMs under outsourcing and 18,408 ATMs and CRMs under managed service segment. It has also deployed POS terminals at leading Indian petroleum outlets such as Hindustan Petroleum, Indian Oil Corporation while Dr. Lal Pathlabs, Patanjali Ayurved, RJ Corp Ltd, VRIPL Retail Pvt Ltd, Organic India are the corporate clients.

2.Banking Automation Solutions i.e. Sale of ATM and CRM, self-service terminals, currency technology products, and relevant services. As of March 31, 2021, AGS Transact has 50+ banking customer base i.e. ICICI Bank. Axis Bank, and HDFC Bank Ltd.

3.Other Automation Solutions for customers in petroleum, retail, and colour segments such as system automation products, system integration, remote management, and other service offerings.

As of March 31, 2021, it had installed a network of 207,335 merchant POS, 16,700 petroleum outlets, 72,000 ATMs and CRMs offering cash management services, 46000 cash billing terminals, and installed 85,700 colour dispensing machines. The business serves customers in 2200 cities and towns through 420,000 machines or customer touch points.

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AGS Transact Technologies IPO IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved8,192,770
6,144,578

14,337,34828,674,696
Day 1 - 19-01-22 05:00 PM0.00 x
1.02

1.32 x0.88 x
Day 2 - 20-01-22 05:00 PM0.49 x
1.14

2.07 x1.41 x
Day 3 - 21-01-22 05:00 PM2.68 x
25.62

3.08 x7.79 x
Total No. of Applications:442976 (Approx)
Retail Subscription:

2.77 times

AGS Transact Technologies IPO IPO - Issue Objectives

  1. To carry out the offer for sale by the Selling Shareholders
  2. To realize the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of their Company’s brand name, and creation of a public market for the Equity Shares in India.
Company Contact Details

AGS Transact Technologies IPO

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Registrar Contact Details

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