AGS Transact Technologies IPO – Review, Allotment, Subscription, GMP & DRHP

AGS Transact Technologies is one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology. The Company provide customized products and services comprising ATM outsourcing and cash management, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets. AGS Transact Technologies IPO comprises of [●] Equity shares, face value of Rs.10 each.

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 IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


AGS Transact Technologies IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of AGS Transact Technologies   IPO

AGS Transact Technologies IPOAGS Transact Technologies is one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology. The Company provide customized products and services comprising ATM outsourcing and cash management, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets. The Issue comprises of a Public Issue of [●] Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements:

From fiscal 2016 to 2017, company’s revenue from operations  has increased at a growth rate of 10.42%.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.  14,813.17 Lakhs, Rs.13,356.16 Lakhs and Rs. 12,095.54 Lakhs, respectively representing growth of  10.42% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 our net profit was Rs. 237.47  Lakhs, Rs(103.17)Lakhs and Rs. (90.78) Lakhs, respectively.

  • During the financial year 2017-18 the Other Income of our company increased to Rs. 140.53 Lakhs as against Rs.166.37 Lakhs for the financial year 2016-17.
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 174.26 Lakhs from the year 2015-16 of Rs. 112.04 Lakhs showing an increase of  55.54 % from last year, showing remarkable performance.

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, Axis Capital Limited, HDFC Bank Limited, IIFL Holdings Limited, IndusInd Bank Limited and Nomura Financial Advisory and Securities (India) Private Limited and the Registrar to this issue is Link Intime India Private Limited .


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AGS Transact Technologies IPO Date

The opening and the closing date of IPO of AGS Transact Technologies is not known yet.


AGS Transact Technologies IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1      
Day 2        
Day 3        
Day 4        
Day 5        

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


AGS Transact Technologies IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


AGS Transact Technologies IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


AGS Transact Technologies IPO Equity Share Offering

[●]  Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


AGS Transact Technologies – Company Overview

AGS Transact Technologies is one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology. The Company provide customised products and services comprising ATM outsourcing and cash management, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets.As of March 31, 2018, the Company was the second largest company in India in terms of number of ATMs managed, revenue from ATM managed services and number of ATMs provided with cash management services, and the fourth largest company in India in terms of revenue from cash management.

The Company started providing banking automation solutions in India in 2004. It deployed products from international solution providers such as Diebold Nixdorf (and established our own country-wide service infrastructure and automation solutions expertise to provide related services.

The Company is promoted by ICICI Securities Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Holdings Limited, IndusInd Bank Limited and Nomura Financial Advisory and Securities (India) Private Limited and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of AGS Transact Technologies :

  • End-to-End Provider of Cash and Digital Payment Solutions
  • 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

Business strategies of AGS Transact Technologies :

  • Focus on Growing the Digital Payment Solutions Business
  • Focus on ATM Outsourcing and Managed Services
  • Focus on Enhancing  Integrated Technology Payments Platform
  • Focus on Cash Management Services
  • International Expansion

AGS Transact Technologies – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Millions)
31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 15,554.42   14,157.84 13,023.96
Total Revenue 14,953.70  13,522.53 12,260.18
Total Expense 12,759.50   11,840.32 10,850.79
Profit After Tax 63.21  (215.21) (173.99)

Earnings per Equity Share (in millions)

31-Mar-18 31-Mar-17 31-Mar-16
Basic & Diluted 1.62 0.47 0.61

From the above statements, one could find that the AGS Transact Technologies may perform well.


AGS Transact Technologies IPO – Promoters

The Promoter of this company are:

  1. Mr. Ravi B. Goyal
  2. Vineha Enterprises Private Limited

List of Related Parties (Key Managerial Personnel)

  • Mr. Saurabh Lal
  • Ms. Sneha Kadam

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


AGS Transact Technologies IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares aggregating to up to ₹10,000 million
 Of which:
Fresh Issue Up to [●] Equity Shares aggregating to up to ₹4,000 million
Offer For Sale Up to [●] Equity Shares aggregating to up to ₹6,000 million
 QIB Portion [●] Equity Shares aggregating to up to ₹[●] million
 Net Issue to the Public
Anchor Investor Portion  Up to [●] Equity Shares
Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor Investor Portion is fully subscribed) [●] Equity Shares
Available for allocation only to Mutual Funds (5% of the QIB Portion (excluding the Anchor Investor Portion)) [●] Equity Shares
Balance for all QIBs including Mutual Funds [●] Equity Shares
 Of which:
 Retail Investors Portion Not less than [●] Equity Shares
 Non-Retail Investors Portion Not less than [●] Equity Shares
 Equity Shares outstanding prior to the Issue 120,392,576 Equity Shares
 Equity Shares outstanding after the Issue [●] Equity Shares

AGS Transact Technologies IPO Issue Object

These are the IPO Issue Objects of the company

  • Repayment or pre-payment of certain loans granted by certain banks and financial institutions; 
  • General corporate purposes (collectively, referred to as the ―Objects‖)

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AGS Transact Technologies IPO – Basis of the 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:

  • End-to-End Provider of Cash and Digital Payment Solutions 
  • 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 Senior Management

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-16 1.62 3.89 41.64
31-Mar-17 0.47 1.17
31-Mar-18 0.61 1.55

 


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AGS Transact Technologies IPO Lead Managers

Lead Managers
ICICI Securities Limited

Axis Capital Limited

HDFC Bank Limited

IIFL Holdings Limited

Induslnd Bank Limited

Nomura Financial Advisory and  Securities (India) Private 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, India
Tel: +91 22 49186200; Fax: +91 22 4918 6195
Website: www.linkintime.co.in
Email:
Investor Grievance Id:
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Other Details:

  • Statutory Auditor –  B S R & Co. LLP, Chartered Accountants
  • Peer Review Auditor – B S R & Co. LLP, Chartered Accountants
  • Bankers to the Company –  Axis Bank Limited, HDFC Bank Limited , Citibank N.A and ICICI Bank Limited

AGS Transact Technologies IPO Review by Top 10 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

AGS Transact Technologies IPO Grey Market Premium

The AGS Transact Technologies IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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AGS Transact Technologies IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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