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AGS Transact Technologies Sets an IPO Price Band of Rs. 166 – Rs. 175 per Share

13 September 20224 mins read by Angel One
AGS Transact Technologies Sets an IPO Price Band of Rs. 166 – Rs. 175 per Share
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A Closer Look at AGS Transact Technologies IPO

AGS Transact Technologies filed its draft paper with the market regulator in August 2021 to generate as much as Rs. 680 crores. The public offer is a pure offer for sale by the company’s promoter. As a part of its offer for sale, Ravi B Goyal, the promoter, will divest shares amounting to Rs. 680 crores. Meaning, the company will not receive the proceeds from this initial share sale.

The primary objectives of this public issue are:

  • To conduct an OFS by selling promoters, and
  • Realize the benefits of listing in the stock exchanges

Earlier, AGS Transact Technologies had tried to go public. For instance, the company filed its draft papers with SEBI in 2015 to generate Rs. 1,350 crores. In addition, it also approached the market regulator with its Rs. 1,000 crores IPO in 2018. However, AGS Transact Tech dropped the idea of going public even after receiving SEBI’s nod.

About the Company

AGS Transact Tech is a leading omnichannel payments solution provider in India. It is the 2nd largest Indian firm regarding revenue from ATM services. It also deploys POS terminals at petroleum outlets on a large scale.

The firm is not limited to providing its services in India. It also features a presence in several Asian countries, including Cambodia, Sri Lanka, Indonesia, Singapore and the Philippines. AGS Transact Tech primarily operates through three business verticals, which are:

  1. Banking automation
  2. Payment
  3. Other automation solutions

The company serves a huge number of customers in around 2,000 towns and cities through 4,46,000 customer touchpoints or machines.

Here’s a tabular representation of AGS Transact Technologies financials that will help you in knowing the company and make an informed investment decision:

Total Assets (in Millions) Total Revenue (in Millions) Profit After Tax (in Millions)
March 2020 Rs. 22,413.95 Rs. 18,335.26 Rs. 830.14
March 2021 Rs. 29,138.32 Rs. 17,971.52 Rs. 547.92

Bottom Line

AGS Transact Tech, which had been planning to float in the primary market, is finally launching its IPO. Its omnichannel presence and diversified product portfolio will generate investors’ sentiments and drive IPO subscriptions.

Source: Business Standard

Frequently Asked Questions

  1. Who are the lead managers of AGS Transact Tech IPO?

The lead managers of this IPO are HDFC Bank Limited, JM Financial Consultants Private Limited and ICICI Securities Limited.

  1. Who is the registrar of AGS Transact Tech IPO?

Link Intime India Private Ltd. is the registrar of this IPO.

  1. When will AGS Transact Tech IPO list on the bourses?

The listing date of this IPO 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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