AGS Transact Technologies IPO: Price Band, Open Date & GMP

AGS Transact Technologies IPO
AGS Transact Technologies IPO

AGS Transact Technologies Ltd IPO (AGS Transact Tech IPO) Detail

AGS Transact IPO Issue Size: The company has cut the issue size to Rs 680 crore from Rs 800 crore earlier.

AGS Transact IPO Date: AGS Transact Tech IPO of the year will open on January 19 and close on January 21. The firm is expected to list on exchanges on February 1.

AGS Transact IPO Price: Payments solutions provider AGS Transact Technologies has set a price band of Rs 166-175 a share for its initial public offering (IPO).

AGS Transact IPO Lot Size: Investors can bid for a minimum of 85 equity shares and in multiples thereof. The issue can be subscribed till January 21, Friday.

AGS Transact Company Promoters: Promoters of the company are Ravi B Goyal and Vineha Enterprises. Together they hold 97.61 percent stake in the company. The shareholding of AGSTTL Employees Welfare Trust stands at 1.51 percent.

AGS Transact IPO Lead Managers: ICICI Securities, HDFC Bank and JM Financial are book-running lead managers for the issue.

AGS Transact IPO Registrar: Link Intime India is appointed as the registrar to the issue. The equity shares of the company will be listed on BSE and NSE.

AGS Transact IPO GMP: AGS Transact Tech shares have been available at a premium (GMP) of ₹23 in the grey market.

Half of the issue size has been reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors (NIIs).

Company Financials: The company reported a net profit of Rs 54.79 crore in the fiscal year 2020-21 compared with a profit of Rs 83.01 crore in the previous fiscal. The revenue of the company dropped to Rs 1,797.15 crore in FY21 from Rs 1,883.52 crore in FY20. For the period ended on August 31, 2021, the company reported a net loss of Rs 18.10 crore with a revenue of Rs 762.30 crore.

Clients: The company derives nearly three-fifths of its revenue from top-10 customers in FY21. Within this AGS derives early 40% from three clients – ICICI Bank, Axis Bank and Bank of Baroda.

About Company

AGS Transact Technologies 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.

AGS Transact Technologies provides customized products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.

The company not just serves the Indian market but also has a footprint in other Asian countries, including Sri Lanka, Cambodia, Singapore, Indonesia, and the Philippines.

AGS Transact Tech IPO is purely an offer-for-sale (OFS) of equity shares by a promoter and other selling shareholders

Payment firm MobiKwik has also postponed its IPO plans, according to TOI. According to The Economic Times, GoAir has also stalled an IPO of Rs 3,600 crore.

AGS Transact Technologies IPO Date & Price Band

IPO Open:19 January 2022
IPO Close:21 January 2022
IPO Size:Approx ₹680 Crores
Offer for Sale:Approx ₹680 Crores
Issue Type:Book Built Issue IPO
Face Value:₹10 Per Equity Share
Price Band:₹166 to ₹175 Per Share
Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
NII Quota:15%
Market Lot:85 Shares

AGS Transact IPO Tentative Timetable

The AGS Transact Technologies IPO open date is Jan 19, 2022, and the close date is Jan 21, 2022. The allotment date is Jan 27 2022 and the IPO may list on Feb 01 2022.

IPO Open Date:19 January 2022
IPO Close Date:21 January 2022
Basis of Allotment Date:27 January 2022
Initiation of Refunds:28 January 2022
A credit of Shares to Demat Account:31 January 2022
IPO Listing Date:01 February 2022

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