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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.

AGS Transact Articles

Company Promoters:

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

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

AGS Transact IPO Tentative Timetable

The AGS Transact IPO open date is Jan 19, 2022, and the close date is Jan 21, 2022. The issue may list on Feb 1, 2022.

IPO Open Date Jan 19, 2022
IPO Close Date Jan 21, 2022
Basis of Allotment Date Jan 27, 2022
Initiation of Refunds Jan 28, 2022
Credit of Shares to Demat Account Jan 31, 2022
IPO Listing Date Feb 1, 2022

AGS Transact IPO Lot Size

The AGS Transact IPO market 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 (Cut-off)
Minimum 1 85 ₹14,875
Maximum 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 ...

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 equity 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 85 Shares.

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, Edelweiss, 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 not yet announced. The tentative date of AGS Transact IPO listing is Feb 1, 2022.

AGS Transact IPO Message Board

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