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Let’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 ValueRs 10
Price BandRs 166 to Rs 175
Listing AtBSE, NSE
Min. Order Quantity85 Shares
Listing DateFeb 1, 2022
Offer for SaleRs 6,800 Million
Fresh IssueRs Million
IPO SizeRs 6,800 Million
Tick Size1

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

AGS Transact Technologies IPOThey 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.

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AGS Transact Technologies IPO GMP
Allotment – AGS Transact Technologies IPO

AGS Transact Technologies IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 19th Jan0.00x1.02x1.32x0.88x
2nd Day –  20th Jan0.49x1.13x2.06x1.42x
3rd Day – 21st Jan2.68x25.61x3.08x7.79x
Shares Offered or Net Issue8,192,7706,144,57814,337,34828,674,696

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 FinalizationJan 27, 2022
Refunds InitiationJan 28, 2022
Credit of Shares to Demat AccountJan 31, 2022
Share Listing DateFeb 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-2131-Mar-21Mar-2031-Mar-19
    Total Assets29,170.3329,138.3222,413.9520,544.26
    *Total Revenue7,623.0417,971.5218,335.2618,236.30
    Total Expense5,682.4213,203.9213,380.6513,807.55
    Profit After Tax(181.05)547.92830.14661.94

    Earnings per Equity Share (in Million)

    31-Aug-2131-Mar-21Mar-2031-Mar-19
    Basic (1.53)4.627.005.58
    Diluted(1.53)4.556.905.53

     

    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:

    1. MR. RAVI B. GOYAL
    2. 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 MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue120,392,576 Equity Shares
     Equity Shares outstanding after the Issue120,392,576 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 EPSDiluted EPS
    RONW (%)NAV (Rs.)
    31-Mar-214.624.5510.2947.11
    31-Mar-207.006.9016.70
    Mar-195.585.5315.91

    AGS Transact Technologies IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    AGS Transact Technologies Limited10[●]4.6210.2917,971.52
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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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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