AGS Transact Technologies Ltd IPO GMP, the estimated value of the grey market premium for the issue is Rs 7. The Payments solutions provider is the first IPO to hit the markets this year. The first IPO of the year opened on January 19th and close on January 21st.
The issue will entirely be an offer for sale (OFS) wherein the promoter Ravi B Goyal will sell shares worth up to Rs 677.58 crore which was earlier planned to be Rs 800 crore.
AGS Transact Technologies Ltd is one of India’s leading payment solution providers. It is the second-largest company in India in terms of revenue from ATM managed services. It is the largest deployer of POS terminals at petroleum outlets in India. AGS Transact Technologies operations include an installed network of more than 207,400 merchant POS, 16,700 petroleum outlets, 72,000 ATMs, and CRMs. It is expanded in 2200 cities and towns through 420,000 machines.
AGS Transact Technologies Ltd IPO GMP
AGS Transact Technologies IPO has started trading in the grey market and currently, its GMP is trading at Rs 7. The grey market premium is the estimated number for listing and the exact numbers. The IPO will list on 1st Feb 2022. Basically, the shares of the company have started to be bought and sold in the unregulated market. The GMP of AGS Transact will vary depending on the market conditions, demand, and the number of times the upcoming IPO is subscribed.
ICICI Securities Limited, HDFC Bank Limited, and JM Financial Limited are the book running lead manager(s) and Link Intime India Private Limited is the Registrar for the IPO.