On the third and final day of AGS Transact Technologies IPO, the issue saw a subscription of 7.79 times. The payment solutions provider firm received bids for 22,34,74,265 shares out of an overall reservation of 2,86,74,696 equity shares.
Being one of the country’s leading omnichannel payment solutions providers, AGS Transact Tech is the 2nd largest Indian firm regarding revenue. The company typically operates through three segments: banking automation solutions, payment solutions, and other automation solutions.
The company filed its draft papers with SEBI in August 2021 to generate Rs. 680 crores via an initial share sale. As per the prospectus, its IPO is entirely OFS by its current promoters and shareholders.
Earlier this week, it fixed the price band for the share sale at Rs. 166 to Rs. 175 per share.
Keep reading to know how this IPO performed on day 3 of its bidding day across various segments of investors.
Final Verdict of AGS Transact Technologies Day 3 Performance
Here is how the public issue of AGS Transact Tech performed for different categories of investors on 21 January 2022.
Go through the tabular representation to know how many times each category of investors placed bids for this public issue.
QIB | NII | RII | Total |
2.68 Times | 25.61 Times | 3.08 Times | 7.79 Times |
Overall, the company offered shares worth Rs. 143.37 crores to Qualified Institutional Buyers and Rs. 107.53 crores for Non-Institutional Investors. Meanwhile, Retail Individual Investors feature a share allotment amount to Rs. 250.90 crores.
A Glimpse at AGS Transact Technologies Anchor Investment
AGS Transact Technology managed to mop up Rs. 204 crores on 18 January 2022 through a round of anchor investment. In its BSE filing, the company mentioned an allotment of 1,16,57,141 shares to anchor investors. It fixed the price of these at Rs. 175 a share.
In total, 17 anchor investors participated in this anchor book, including:
Marquee Investors
Domestic Investors
Further, the primary objectives of this public issue are:
Day 1 and Day 2 Performance of AGS Transact Technologies
The below table represents the subscription status of AGS Transact Tech on the initial two days of its public issue.
Bidding Day | QIB | NII | RII | Total |
Day 1 | 0.00 Times | 1.02 Times | 1.32 Times | 0.88 Times |
Day 2 | 0.49 Times | 1.13 Times | 2.06 Times | 1.42 Times |
Bottom Line
AGS Transact Tech received a tepid response from different investor segments in the initial two days. However, its long-standing relationship with some big global names and solid technological capabilities may fuel its market performance in the coming times.
Source – NSE
Frequently Asked Questions
The registrar of this IPO is Link Intime India Private Ltd.
Entities like ICICI Securities Limited, JM Financial Consultants Private Limited and HDFC Bank Limited will manage this IPO.
AGS Transact Tech’s listing date is 1 February 2022.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.
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