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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;
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
| 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 | ||
| 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 Offered | Not more than 50% of the offer |
| NII (HNI) Shares Offered | Not less than 15% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| Company Promoters | Mr. Ravi B. Goyal and Vineha Enterprises Pvt Ltd are the company promoters. |
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 |
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 |
| Pre Issue Share Holding | 98.23% |
| Post Issue Share Holding | 66.07% |
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...
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
| Category | Subscription (times) |
|---|---|
| QIB | 2.68 |
| NII | 25.61 |
| Retail | 3.08 |
| Total | 7.79 |
| 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 |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ags.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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
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.
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