AGS Transact Technologies Ltd IPO Date, Review, GMP, Price Details

AGS Transact Technologies Ltd IPO, a Payments solutions provider will be the first IPO to hit the markets this year. The issue dates have been finalized and the initial public offering (IPO) size has been reduced to Rs 680 crore from Rs 800 planned earlier last August. The first IPO issue of the year will open on January 19th and close on January 21st.

ags transact technologies ltd ipo

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.

Apart from the Indian market, AGS Transact Technologies has its impact internationally in countries like Sri Lanka, Cambodia,  Indonesia, Singapore, and the Philippines. The company operates in segments like Payment Solutions Services, Banking Automation Solutions, and Other Automation Solutions for customers in petroleum, retail, and color segments.

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. It has its listed peer in CMS Info Systems which got listed recently.

Objectives of AGS Transact Technologies Ltd IPO

  • The net proceeds from the issue will be utilized to carry out an offer for sale by selling shareholders.
  • To get the listing benefits of equity shares on the stock exchange and general corporate uses.

AGS Transact Technologies Ltd IPO Promoters

  • Ravi B. Goyal.
  • Vineha Enterprises Pvt Ltd.

Company Financials

            Year           Revenue             Expenses    PAT
             2019           ₹1827 Cr               ₹1380 Cr ₹66.20
             2020             ₹1834 Cr               ₹1338 Cr ₹83.20
             2021           ₹1797 Cr             ₹1320 Cr ₹54.79

AGS Transact Technologies Ltd IPO Details

IPO DETAILS AGS Transact Technologies
Issue Period Opening Date: 19-01-2022
Closing Date:   21-1-2022
Price Band ₹166 – ₹175 per equity share
Issue Size ₹680 Cr
Face Value ₹10 per equity share
Issue Type Book built issue
Fresh Issue N/A
Offer for sale [.] Eq Shares of ₹10 face value
(aggregating up to ₹680.00 Cr)
Listing NSE and BSE
Registrar Link Intime India Private Limited

AGS Transact Technologies Ltd IPO Timeline

AGS Transact Technologies IPO will open on 19th Jan 2022 and close on 21st Jan 2022. The issue will list on 1st Feb 2022.

IPO Opens 19-01-22
IPO Ends 21-01-22
Allotment Begins 27-01-22
Refund Initiation 28-01-22
Allotment Date 31-01-22
Listing Date 01-02-22

AGS Transact Technologies Ltd IPO Lot Size (Retail Individual Investors)

Applications Lots Shares Amount(Cut-off)
Minimum 1 85 Rs 14875
Maximum 13 1105 Rs 193,375

AGS Transact Technologies Ltd IPO Investor Category

AGS Transact Technologies IPO has 35% of the net offer under the Retail Category.

QIB (Qualified Institutional Buyers) 50% of net offer
NII (Non-Institutional Investors) 15% of net offer
RII (Retail Individual Investors) 35% of net offer

AGS Transact Technologies Ltd IPO GMP

AGS Transact Technologies IPO has started trading in the grey market. Currently,  its GMP is trading at Rs 8.

AGS Transact Technologies Ltd IPO Review

AGS Transact Technologies IPO was earlier decided to be an OFS wherein the promoter will sell shares worth up to Rs 800 crore but later it was cut short to Rs 600 crore. Few reasons the deduction can be:

  • The uncertainty in the market due to the rising Covid cases in the third wave.
  • The recent correction in the prices of many IPOs has led a few firms to delay their issue or cut the issue size.
  • Weak listings and subdued investor response by retail investors of many IPOs recently.
  • Not so good listing of its listed peer.
  • Globally the tightening of liquidity by central banks has underestimated the sentiment.

A more detailed review of the price band and valuations will be updated soon.

AGS Transact Technologies Ltd IPO Book Running Lead Manager(s)

  • ICICI Securities Limited.
  • HDFC Bank Limited.
  • JM Financial Limited.

AGS Transact Technologies Ltd IPO Registrar

Link Intime India Private Limited
Phone: +91-22-4918 6270
Email: ags.ipo@linkintime.co.in
Website: www.linkintime.co.in

Company Contact Details

AGS Transact Technologies Ltd
601-602 Trade World, B Wing, Kamala Mill Compound
Senapati Bapat Marg, Lower Parel,
Mumbai 400 013
Phone: +91 22 6781 2000
Website: www.agsindia.com

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