AGS Transact IPO will hit the market on 19th January 2022 as per the market news. The company to raise ₹680 crores (approx) via an initial public offer with a face value of ₹10 per equity share.
AGS Transact has filed preliminary papers with capital market regulator SEBI to raise funds worth ₹680 crores via public issue. The public issue is purely an offer-for-sale (OFS) of equity shares by a promoter and other selling shareholders. The company has cut the size of its public issue to ₹680 crores, from ₹800 crores as planned earlier. As a part of the OFS, promoter Ravi B Goyal will now sell shares worth up to ₹677.58 crore. The price band of the three-day initial share sale has been fixed at ₹166-175 a share.
AGS Transact Technologies Ltd is one of 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 the Indian market but also expanded internationally in other Asian countries including Sri Lanka, Cambodia, Singapore, Indonesia, and the Philippines.
Important Details About AGS Transact :
- One of the largest deployers of POS terminals at petroleum outlets in India.
- The company has had stable revenues for the last 3 years and PAT looks stable too.
- The services include Banking Automation, Payment Solutions, Cash Management, Retail Automation, Fuel Retail Automation, Transit & Toll, POS machine services, Transaction switching, and Colour Automation.
- The company has 3 subsidiaries name India Transact, Novus Technologies, and Securevalue India.
- Fastlane Brand is a cashless, contactless, and paperless payment technology that utilizes advanced RFID technology.
- Ongo brands' ecosystem allows consumers to use one single payment system, Ongo, to make payments at POS terminals through various modes of payment.
- From 2009 the company started ATM oursourcing and managed services with Diabold-Nixdorf.
- From 2011 the company offer transaction switching and cash management services.
- In 2014 the company started digital payment solutions.
- Serving outside India like Sri Lanka, Cambodia, Singapore, Indonesia, and the Philippines.
Check out AGS Transact IPO and GMP details.
AGS Transact IPO Date & Price Band:
| 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) |
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 Market Lot:
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).
| Minimum Lot Size: | Minimum 85 Shares |
| Minimum Amount: | ₹14,875 |
| Maximum Lot Size: | Maximum 1105 Shares |
| Maximum Amount: | ₹193,375 |
AGS Transact Company Financial:
| 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 |
AGS Transact IPO Reviews / Ratings
- Updates Soon
Brokerage Firm IPO Reviews for AGS Transact IPO
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- AXIS Capital Ltd: Neutral
Read Also:-
- AGS Transact IPO GMP (Grey Market Premium)
- AGS Transact IPO Subscription Status
- AGS Transact IPO Allotment Status
AGS Transact IPO Form:
How to apply the AGS Transact IPO? You can apply for AGS Transact IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the AGS Transact IPO in the Invest section. The other option is you can apply to AGS Transact IPO via IPO forms download via NSE and BSE. Check out the AGS Transact IPO forms - click NSE Forms & BSE Forms blank AGS Transact IPO forms download, fill, and submit in your bank or with your broker.
AGS Transact IPO Subscription Numbers (Day 1)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | x | x | x |
| NII | x | x | x |
| RII | x | x | x |
| EMP | x | x | x |
| OTH | x | x | x |
| Total | x | x | x |
AGS Transact IPO Objectives
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 Prospectus
AGS Transact Company Promoters:
- Mr. Ravi B. Goyal
- Vineha Enterprises Pvt Ltd
AGS Transact IPO Registrar:
C-101, 247 ParkLBS Marg, Surya Nagar,Gandhi Nagar, Vikhroli (West),Mumbai 400 083Tel: (91 22) 4918 6200Fax: (91 22) 4918 6195E-mail: ags.ipo@linkintime.co.inInvestor grievance e-mail: ags.ipo@linkintime.co.inWebsite:www.linkintime.co.inContact person: Shanti GopalkrishnanSEBI registration number: INR000004058
AGS Transact IPO Lead Managers:
- HDFC Bank Limited
- ICICI Securities Limited
- JM Financial Consultants Private Limited
AGS Transact Company Address:
AGS Transact Technologies Ltd601-602 Trade World, B Wing, Kamala Mill CompoundSenapati Bapat Marg, Lower Parel,Mumbai 400 013Phone: +91 22 6781 2000Email: ipocompliance@agsindia.comWebsite: http://www.agsindia.com/
AGS Transact Technologies IPO FAQs
What is AGS Transact Technologies IPO?
AGS Transact Technologies IPO is a main-board IPO. They are going to raise ₹680 Crores via IPO. The issue is priced at ₹166 to ₹175 per equity share. The IPO is to be listed on BSE & NSE.
When AGS Transact Technologies IPO will open?
The IPO is to open on 19 January 2022 for QIB, NII, and Retail Investors.
What is AGS Transact Technologies IPO Investors Portion?
The investors' portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the AGS Transact Technologies IPO?
You can apply AGS Transact Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the AGS Transact Technologies IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "AGS Transact Technologies Finance". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the AGS Transact Technologies IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "AGS Transact Technologies Finance". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.
What is AGS Transact Technologies IPO Size?
AGS Transact Technologies IPO size is ₹680 crores. The IPO comprises ₹- crores fresh issue and offers for sale of ₹680 crores.
What is AGS Transact Technologies IPO Price Band?
AGS Transact Technologies IPO Price Band is ₹166 to ₹175 per equity share.
What is AGS Transact Technologies IPO Minimum and Maximum Lot Size?
The minimum bid is 85 Shares with ₹14,875 amount while the maximum bid is 1105 shares with ₹193,375.
What is AGS Transact Technologies IPO Allotment Date?
AGS Transact Technologies IPO allotment date is 27 January 2022.
What is AGS Transact Technologies IPO Listing Date?
AGS Transact Technologies IPO listing date is 01 February 2022. The IPO to list on BSE and NSE.
