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AGS Transact Technologies Ltd IPO (AGS Transact IPO) Detail

Jan 19, 2022 - Jan 21, 2022

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, Singapre, 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 August 31, 2021, it has a portfolio of 14,099 ATMs and CRMs under outsourcing and 19,161 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 August 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 August 31, 2021, it had installed a network of 221,066 merchant POS, 17,924 petroleum outlets, 72,000 ATMs and CRMs offering cash management services, 46,800 cash billing terminals, and installed 88,521 colour dispensing machines. The business serves customers in 2200 cities and towns through 446,000 machines or customer touch points.

Competitive strengths

  • An integrated omni-channel payment and cash solutions provider.
  • Diversified product portfolio, customer base, and revenue stream.
  • Strong capabilities to develop customized in-house solutions.
  • Long-standing relationship with global technology providers i.e. Diebold Nixdorf, ACI.
  • Strong in-house infrastructure and technological capabilities.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  31-Aug-21 31-Mar-21 31-Mar-20
Total Assets 29,170.33 29,138.32 22,413.95
Total Revenue 7,623.04 17,971.52 18,335.26
Profit After Tax - 181.05 547.92 830.14

Objects of the Issue

The IPO aims to utilize the net proceed for the following objectives;
  • To carry out an offer for sale by selling shareholders.
  • To realize the listing benefits of equity shares on the stock exchange.

AGS Transact IPO Details

IPO Date Jan 19, 2022 to Jan 21, 2022
Listing Date Monday, January 31, 2022
Face Value ₹10 per share
Price ₹166 to ₹175 per share
Lot Size 85 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹680.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹680.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the offer
NII (HNI) Shares OfferedNot less than 15% of the offer
Retail Shares OfferedNot less than 35% of the offer
Company Promoters

Mr. Ravi B. Goyal and Vineha Enterprises Pvt Ltd are the company promoters.

AGS Transact IPO Tentative Timetable

AGS Transact IPO opens on Jan 19, 2022, and closes on Jan 21, 2022. The AGS Transact IPO bid date is from Jan 19, 2022 10.00 A.M. to Jan 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 19, 2022
Closing Date Jan 21, 2022
Basis of Allotment Jan 27, 2022
Initiation of Refunds Jan 28, 2022
Credit of Shares to Demat Jan 31, 2022
Listing Date Jan 31, 2022

AGS Transact IPO Lot Size

The AGS Transact IPO lot size is 85 shares. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193,375).

Application Lots Shares Amount
Retail (Min) 1 85 ₹14,875
Retail (Max) 13 1105 ₹193,375

AGS Transact IPO Promoter Holding

Pre Issue Share Holding 98.23%
Post Issue Share Holding 66.07%

AGS Transact IPO Review

The company that has been planning a maiden float since 2010 is finally entering the capital market with its OFS. Major points of concern were static top line for the last three fiscals, losses incurred for the 5M of FY22. Based on financial parameters, the issue is fully priced. However, considering bright prospects for the segment going forward, cash surplus/risk seekers may consider an investment with a long term perspective. Read detail review...


AGS Transact IPO Subscription Status (Bidding Detail)

The AGS Transact IPO is subscribed 7.79 times on Jan 21, 2022 5:00:00 PM. The public issue subscribed 3.08 times in the retail category, 2.68 times in the QIB category, and 25.61 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 2.74 times

CategorySubscription (times)
QIB2.68
NII25.61
Retail3.08
Total7.79

AGS Transact IPO Prospectus

AGS Transact IPO Rating

1050
3.6
Rating:Rated 3.6 stars
Vote Here ...

AGS Transact IPO Listing Date

Listing Date Monday, January 31, 2022
BSE Script Code 543451
NSE Symbol AGSTRA
Listing In B Group of Securities
ISIN INE583L01014
IPO Price ₹175 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹175.00
₹176.00
₹153.80
₹181.85
₹161.30
NSE
₹175.00
₹175.00
₹154.00
₹181.85
₹161.05

Company Contact Information

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
Email: ipocompliance@agsindia.com
Website: http://www.agsindia.com/

AGS Transact IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: ags.ipo@linkintime.co.in
Website: https://linkintime.co.in/

AGS Transact IPO FAQs

AGS Transact IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹680.00 Crores. The issue is priced at ₹166 to ₹175 per share. The minimum order quantity is 85 Shares.

The IPO opens on Jan 19, 2022, and closes on Jan 21, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in AGS Transact IPO using UPI as a payment gateway. Zerodha customers can apply in AGS Transact IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in AGS Transact IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'AGS Transact IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The AGS Transact IPO opens on Jan 19, 2022 and closes on Jan 21, 2022.

AGS Transact IPO lot size is 85 Shares and the minimum order quantity is .

You can apply in AGS Transact IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for AGS Transact IPO will be done on Jan 27, 2022, and the allotted shares will be credited to your demat account by Jan 31, 2022. Check the AGS Transact IPO allotment status.

The AGS Transact IPO listing date is on Monday, January 31, 2022.
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AGS Transact IPO Message Board

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563 Comments

210. Raju IPO |   Link |Feb 27, 2022 5:29:06 PM
Game over for AGS now.
209. IPO Mitr |   Link |Feb 22, 2022 9:22:59 PM
Pump and dump is complete in this IPO stock.

EPS SEP21 Quarter: (positive) 0.35
EPS Dec21 Quarter: (negative) 0.80

EPS (APR21-DEC21): (negative) 2.88
EPS (APR20-DEC20) : (negative) 0.60

Suno sabki par karo sirf apne man ki.
208. RavinderG |   Link |Feb 14, 2022 5:17:03 PM
Are the quarterly results out yet? With CMS having a good quarter, there is pressure on them to deliver.
207. mDelhi |   Link |Feb 9, 2022 1:36:07 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Accumulated more @150
207.2. mDelhi |   Link |Feb 23, 2022 7:31:10 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@lokes ji

Sahi kaha tha aapne
If possible then advice that is is possible to have faith on this share, price is near to 100 rupee
207.3. lokes |   Link |Mar 3, 2022 4:26:28 PM
IPO Guru IPO Guru (3700+ Posts, 4200+ Likes)
from last 2 days, now its hitting upper circuits with good volumes today....if you are still holding then wait for around 140-150 levels keeping some stoploss around 120 after tomorrow upmove above 125 (if happens)....
then once it reaches around 145-150 then you can increase your stoploss above 135 and try to sell around 155-165 around if comes or around 150 by booking some loss....results were not good for the company so can't say much about future movements....
206. CAPTION T S |   Link |Jan 31, 2022 9:46:02 AM (200+ Posts)
175
206.1. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣 |   Link |Feb 4, 2022 10:36:04 AM (200+ Posts)
Exact
205. Elon Rusk |   Link |Jan 31, 2022 10:09:15 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Very good listing considering market sentiments last week. It didnt list in discount
205.1. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣 |   Link |Feb 4, 2022 10:35:42 AM (200+ Posts)
True
204. True IPO Lover |   Link |Jan 31, 2022 10:04:14 AM
Enough buyers available. Watch the stock movement before making sell order.
204.1. True IPO Lover |   Link |Jan 31, 2022 10:32:10 AM
Booked loss and bought Medplus 10qty@1065
204.2. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣 |   Link |Feb 4, 2022 10:35:29 AM (200+ Posts)
Same here
203. Earthking |   Link |Jan 31, 2022 10:21:07 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Exited with no loss no gain in my eight accounts .... thank god it gave some time to exit ... definetly considering last week carnage in secondary market , this is better than expected good listing ... but seeing the way it moved in last seven mins of pre open thought it will still go 10% upwards of listing price if we hold ... but happy with the exit now
203.1. MehulStk |   Link |Jan 31, 2022 10:38:05 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
I also sold my all 4 lots @ 176
203.2. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣 |   Link |Feb 4, 2022 10:35:10 AM (200+ Posts)
Good work
202. Dalal |   Link |Jan 31, 2022 12:24:41 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
GMP 5
202.1. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣 |   Link |Feb 4, 2022 10:34:48 AM (200+ Posts)
Good
201. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣 |   Link |Feb 4, 2022 10:34:21 AM (200+ Posts)
Hold sell ?
200. rsk |   Link |Feb 2, 2022 9:25:19 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Bulk trade today:

02-Feb-22      AGSTRA      AGS Transact Tech Ltd      PLUTUS WEALTH MANAGEMENT LLP      BUY      651543      160.1      -
199. CSK |   Link |Jan 31, 2022 4:28:51 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
@Noorul- Thank you. I have bought only 40 Shares. Let's see.
198. CSK |   Link |Jan 31, 2022 10:36:13 AM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
I have not applied for IPO. But I have entered around 168. I will add more if it falls below 150. I remember Operator created a similar move in CMS also. The stock went to 218 retail panicked and sold everything. Soon after they sold it reached 285 in no time. Good Company, Will add more further reduction
198.1. Noorul |   Link |Jan 31, 2022 3:19:38 PM
I don't agree.. better sell your holding.
198.2. mDelhi |   Link |Jan 31, 2022 3:58:49 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I couldn't sell it today so wishing that CSK word will become true
197. IPO Mitr |   Link |Jan 31, 2022 1:06:43 PM
IPO Listing is over and some who were quick, exited the stock and will wait on the sidelines for any major fall to take a call.

Investors who did not sell in first one hour will not be able to take any other option but continue to hold and wait for a profitable exit.

Market operators can still lift the stock for another round of Bump & Dump leading to some gains for investors who are still holding. But at this stage, it doesn't make much sense to add more money to this stock considering risk-reward based on overall situation and environment of the market. Suno sabki par karo sirf apne man ki.
196. IPO Electrifying |   Link |Jan 31, 2022 12:52:07 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
As earlier told you, avoid issue.
Result is negative.
195. lokes |   Link |Jan 31, 2022 9:42:20 AM
IPO Guru IPO Guru (3700+ Posts, 4200+ Likes)
Better to buy i think if listing around 160-165 for short term
195.3. Chalak Lomdi |   Link |Jan 31, 2022 11:55:00 AM
as for 2 days trade.. todu bolta he aaj ke high cross kare to buy karo varna mandi rahegi...😃
195.4. lokes |   Link |Jan 31, 2022 12:29:18 PM
IPO Guru IPO Guru (3700+ Posts, 4200+ Likes)
@avenue: buying now and buying in preopen at that price was completely different thing. I already had 2 lots in allotment so in preopen i was buying ]high quantities at low price to play for intraday means to sell after listing , since as per market conditions today and previous experiences it should have gone up initially after listing as usually happens so i would have sold it around 180 or anything above 175, if got in preopen 500 quantity at 170 suppose.
Btw i have sold my allotted 1 lot at 179 today and still holding 1 lot. Will hold for some days/weeks and will sell if getting around 195/155 etc.
194. Cautious ProPrio |   Link |Jan 31, 2022 11:57:51 AM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
Closing below 150 or over 200...??? As tomorrow big day .
193. Chalak Lomdi |   Link |Jan 31, 2022 10:57:13 AM
no nuksan no naffa..😁 enjoy boieezzz
192. NEW INVESTER₹ |   Link |Jan 31, 2022 10:13:02 AM
Sold 1 lot @ 181
191. Hostpacker |   Link |Jan 31, 2022 9:53:54 AM
It will go up to 10 % gain