AGS Transact Technologies IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Apr 23, 2022Let’s have a detailed review of the company and analytics of the AGS Transact Technologies IPO release date, IPO offer price, subscription, AGS Transact Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 166 to Rs 175 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 85 Shares |
| Listing Date | Feb 1, 2022 |
| Offer for Sale | Rs 6,800 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 6,800 Million |
| Tick Size | 1 |
AGS Transact Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
AGS Transact Technologies IPO – Summary
They were one of the largest integrated Omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients, as of March 31, 2021. They provide customized products and services comprising ATM and CRM outsourcing, cash management, and digital payment solutions including merchant solutions, transaction processing services, and mobile wallets.
As of March 31, 2021, they were the second largest company in India in terms of (i) revenue from ATM managed services under the outsourcing model, and (ii) revenue from cash management and the number of ATMs replenished. As of March 31, 2021, they deployed 207,335 payment terminals and were one of the largest deployers of POS terminals at petroleum outlets in India, having rolled out IPS at more than 16,000 petroleum outlets with 28,986 terminals in India
The Promoter of this company is MR. RAVI B. GOYAL AND VINEHA ENTERPRISES PRIVATE LIMITED. The lead manager to the issue is ICICI Securities Limited, HDFC Bank Limited, and JM Financial Limited, and the Registrar to this issue is Link Intime India Private Limited.
AGS Transact Technologies IPO Date
The opening and the closing date of AGS Transact Technologies IPO are Jan 19, 2022, and Jan 21, 2022, respectively.
Check out Related IPO Links:
| AGS Transact Technologies IPO GMP |
| Allotment – AGS Transact Technologies IPO |
AGS Transact Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 19th Jan | 0.00x | 1.02x | 1.32x | 0.88x |
| 2nd Day – 20th Jan | 0.49x | 1.13x | 2.06x | 1.42x |
| 3rd Day – 21st Jan | 2.68x | 25.61x | 3.08x | 7.79x |
| Shares Offered or Net Issue | 8,192,770 | 6,144,578 | 14,337,348 | 28,674,696 |
The shares subscribed by the public will be updated here.
Check AGS Transact Technologies IPO LIVE Subscription
- AGS Transact Technologies IPO LIVE Bid details on BSE
- AGS Transact Technologies IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
AGS Transact Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
AGS Transact Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 27, 2022 |
| Refunds Initiation | Jan 28, 2022 |
| Credit of Shares to Demat Account | Jan 31, 2022 |
| Share Listing Date | Feb 1, 2022 |
AGS Transact Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.166 to Rs 175
AGS Transact Technologies IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.166 to Rs 175 per equity share aggregating to Rs.6,800 Million.
AGS Transact Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.6,800 Million
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AGS Transact Technologies IPO – Live Performance
The listing date of this IPO is Feb 1, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – AGS Transact Technologies Share Price |
AGS Transact Technologies IPO Grey Market Premium
The AGS Transact Technologies Limited IPO Grey Market Premium price is Rs.5, the Kostak rate is NA. and the Subject to Sauda is NA.
AGS Transact Technologies IPO – Company Overview
They started providing banking automation solutions in India in 2004. They deployed products from international solution providers such as Diebold Nixdorf and established their own country-wide service infrastructure and automation solutions expertise to provide related services.
Beginning in 2009, they leveraged their banking automation solutions expertise and service reach to offer ATM outsourcing and managed services by, among other things, entering into two cooperation agreements with Diebold Nixdorf for banking and retail products. As part of their strategy to strengthen their presence in the cash value chain, offer an integrated payments platform, and improve their operational efficiencies, they commenced offering transaction switching services in 2011 and cash management services in 2012.
In 2014, they expanded their offerings into digital payment solutions, enhancing their integrated digital platform and Software-as-a-Service (“SaaS”) capabilities. In 2016, they also entered into an alliance with ACI Worldwide (“ACI”), a leading international payments solution provider, which has further strengthened their value proposition to customers.
Their operations covered approximately 2,200 cities and towns, servicing approximately 420,000 machines or customer touchpoints, as of March 31, 2021.
AGS Transact Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Aug-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 29,170.33 | 29,138.32 | 22,413.95 | 20,544.26 |
| *Total Revenue | 7,623.04 | 17,971.52 | 18,335.26 | 18,236.30 |
| Total Expense | 5,682.42 | 13,203.92 | 13,380.65 | 13,807.55 |
| Profit After Tax | (181.05) | 547.92 | 830.14 | 661.94 |
Earnings per Equity Share (in Million)
| 31-Aug-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic | (1.53) | 4.62 | 7.00 | 5.58 |
| Diluted | (1.53) | 4.55 | 6.90 | 5.53 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 547.92 Million, Rs. 830.14 Million, and Rs. 661.94 Million respectively.
AGS Transact Technologies IPO – Promoters
The Promoter of this company is:
- MR. RAVI B. GOYAL
- VINEHA ENTERPRISES PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Ravi B. Goyal, Chairman, and Managing Director
- Anupama R. Goyal, Non-Independent, Non-Executive Director
- Sudip Bandyopadhyay, Independent, Non-Executive Director
- Vijay Chugh, Independent Non-Executive Director
- Rahul Narain Bhagat, Independent, Non-Executive Director
- Subrata Kumar Mitra, Independent, Non-Executive Director
AGS Transact Technologies IPO – Promoters Holding
- Pre Issue Share Holding – 98.23%
- Pos Issue Share Holding – %
AGS Transact Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.6,800 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 120,392,576 Equity Shares |
| Equity Shares outstanding after the Issue | 120,392,576 Equity Shares |
AGS Transact Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To carry out the offer for sale by the Selling Shareholders; and
2. To realize the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of their Company’s brand name, and creation of a public market for the Equity Shares in India.
AGS Transact Technologies IPO – Business Strategy
- Focus on Growing their Digital Payment Solutions Business
- Pivot from Payments-as-a-Service to Payments-as-a-Convenience through their Ongo Card and Ecosystem
- Focus on ATM and CRM Outsourcing and Managed Services
- Focus on Enhancing their Integrated Technology Payments Platform
- The focus on Cash Management Services
- Expand Internationally
AGS Transact Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Omni-Channel Integrated Payment and Cash Solutions Provider
- Customer Driven Portfolio with Strong Capabilities to Develop Customized Solutions In-house
- Diversified Product Portfolio, Customer Base, and Revenue Streams Leading to Cross-Selling Opportunities
- Long-Standing Relationships with Technology Providers and Customers
- Dedicated In-house Infrastructure and Technological Capabilities
- Experienced Board of Directors and Senior Management
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 4.62 | 4.55 | 10.29 | 47.11 |
| 31-Mar-20 | 7.00 | 6.90 | 16.70 | – |
| Mar-19 | 5.58 | 5.53 | 15.91 | – |
AGS Transact Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| AGS Transact Technologies Limited | 10 | [●] | 4.62 | 10.29 | 17,971.52 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
AGS Transact Technologies IPO Lead Managers
| Lead Managers |
|
ICICI Securities Limited HDFC Bank Limited JM Financial Limited |
AGS Transact Technologies IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L.B.S. Marg Vikhroli West Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 Email: ags.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: ags.ipo@linkintime.co.in Contact person: Ms. Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
AGS Transact Technologies IPO – Other Details
- Statutory Auditor – B S R & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
AGS Transact Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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AGS Transact Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
AGS Transact Technologies IPO Review FAQs
Ques – What is the Issue Size of AGS Transact Technologies IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of AGS Transact Technologies IPO?
Answer – The price band for this particular IPO ranges between Rs 166 to Rs 175. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the AGS Transact Technologies IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 19, 2022, while the closing date is set at Jan 21, 2022.
Ques – What is the AGS Transact Technologies IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 27, 2022, refund initiation is on Jan 28, 2022, credit of shares is on Jan 31, 2022, and share listing date is on Feb 1, 2022.
Ques – What is the AGS Transact Technologies IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Feb 1, 2022. The date, when the listing would be done, is stagnant on Feb 1, 2022.
Ques – Who is the Registrar of AGS Transact Technologies IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of AGS Transact Technologies IPO?
Answer – Here are the promoters of this IPO – MR. RAVI B. GOYAL AND VINEHA ENTERPRISES PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of AGS Transact Technologies IPO?
Answer – They have obtained the GMP of this IPO and it is Rs.5. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is AGS Transact Technologies IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of AGS Transact Technologies Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 547.92, 2020 is 830.14, 2019 is 661.94.
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