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AGS Transact Technologies IPO

AGS Transact Technologies is one of the market leaders in the segment of integrated omnichannel payment solutions in terms of offering cash and digital-based solutions to corporates and banks. Incorporated in 2002, AGSTTL started its journey in 2004. With assistance from Diebold Nixdorf and ACI Worldwide, AGSTTL established its automation solutions and service infrastructure. In 2009, they ventured into banking automation solutions.

The service portfolio of AGS Transact Technologies includes –

  • Payment solutions

  • Banking automation solutions

  • Automation solutions for retail, colour, and petroleum segment

Over the years 2019, 2020, and 2021, the Indian part of the business constituted 96.1%, 95.5%, and 95.6% revenue, respectively. AGS Transact Technologies has also expanded its business into Sri Lanka, Singapore, Cambodia, Indonesia, and the Philippines.

As of 31 August 2021, AGS Transact Technologies have 34 branches spread across India. The employee base of AGSTTL has 12,935 individuals, including 1562 engineers and 6158 ATM officers.

AGS Transact Technologies IPO Objectives

  1. To carry out an offer for sale of the participating stakeholders

  2. To avail of the listing on the stock exchange

AGS Transact Technologies IPO – Details

The DRHP filed by AGS Transact Technologies indicates that this public issue will be worth Rs. 680 crores, comprising an OFS only. The tentative price band of this public offering is Rs. 166 to Rs. 175 per equity share. Additionally, this IPO will go live on 19 January 2022 and close on 21 January 2022.

Furthermore, the arrangement of share allocation according to different categories is as follows –

  1. For QIB or Qualified Institutional Buyers, it is not more than 50%
  2. For RII or Retail Individual Investors, it is 35%
  3. For NII or Non-institutional Investors, it is 15%

Moreover, AGS Transact Technologies has appointed the following as the lead managers of this IPO –

  1. ICICI Securities Limited
  2. HDFC Bank Limited
  3. JM Financial Limited

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

Opening Date

19 Jan 2022

Closing Date

21 Jan 2022

Price Band

₹166 to ₹175

per equity share

Issue Size

₹680 Cr

Face Value

₹ 10

per equity share

Market Lot

85 Shares

Opening Date

19 Jan 2022

Closing Date

21 Jan 2022

Price Band

₹166 to ₹175

per equity share

Issue Size

₹680 Cr

Face Value

₹ 10

per equity share

Market Lot

85 Shares

Listing at NSE, BSE

AGS Transact Technologies IPO Important Dates

IPO Open Date 19 Jan 2022
IPO Close Date 21 Jan 2022
Basis Of Allotment Date 27 Jan 2022
Initiation Of Refunds 28 Jan 2022
Credit Of Shares To
Demat ACcount
31 Jan 2022
IPO Listing Date 1 Feb 2022

AGS Transact Technologies IPO Latest News and Subscription Status Today [Live]

At 10:30:00 AM.

-  This IPO has been subscribed 1.55x by 10:30 AM on Day 3

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.49x

- (NII) Non-institutional buyers: 1.33x

- (RII) Retail Individual buyers: 2.26x

At 11:30:00 AM.

-  This IPO has been subscribed 1.65x by 11:30 AM on Day 3

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.49x

- (NII) Non-institutional buyers: 1.44x

- (RII) Retail Individual buyers: 2.39x

At 12:30:00 PM.

-  This IPO has been subscribed 1.79x by 12:30 PM on Day 3

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.81x

- (NII) Non-institutional buyers: 1.47x

- (RII) Retail Individual buyers: 2.49x

At 1:40:00 PM.

-  This IPO has been subscribed 4.91x by 1:40 PM on Day 3

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.88x

- (NII) Non-institutional buyers: 15.53x

- (RII) Retail Individual buyers: 2.66x

At 2:40:00 PM.

-  This IPO has been subscribed 5.66x by 2:40 PM on Day 3

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 2.39x

- (NII) Non-institutional buyers: 16.83x

- (RII) Retail Individual buyers: 2.75x

At 3:40:00 PM.

- This IPO has been subscribed 7.34x by 3:40 PM on Day 3

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 2.67x

- (NII) Non-institutional buyers: 23.72x

- (RII) Retail Individual buyers: 2.98x

At 5:10:00 PM.

- This IPO has been subscribed 7.79x by 5:10 PM on Day 3

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 2.68x

- (NII) Non-institutional buyers: 25.61x

- (RII) Retail Individual buyers: 3.08x

At 10:30:00 AM.

-  This IPO has been subscribed 0.97x by 10:30 AM on Day 2

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 1.02x

- (RII) Retail Individual buyers: 1.50x


At 11:40:00 AM.

-  This IPO has been subscribed 1.03x by 11:40 AM on Day 2

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 1.03x

- (RII) Retail Individual buyers: 1.62x


At 1:20:00 PM.

-  This IPO has been subscribed 1.23x by 1:20 PM on Day 2

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.47x

- (NII) Non-institutional buyers: 1.07x

- (RII) Retail Individual buyers: 1.74x



At 3:00:00 PM.

-  This IPO has been subscribed 1.28x by 3:00 PM on Day 2

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.47x

- (NII) Non-institutional buyers: 1.10x

- (RII) Retail Individual buyers: 1.83x


At 3:40:00 PM.

-  This IPO has been subscribed 1.33x by 3:40 PM on Day 2

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.47x

- (NII) Non-institutional buyers: 1.11x

- (RII) Retail Individual buyers: 1.92x


At 4:40:00 PM.

-  This IPO has been subscribed 1.40x by 4:40 PM on Day 2

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.49x

- (NII) Non-institutional buyers: 1.13x

- (RII) Retail Individual buyers: 2.04x

At 11:40:00 AM.

-  This IPO has been subscribed 0.57x by 11:40 AM on Day 1

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.94x

- (RII) Retail Individual buyers: 0.73x


At 12:30:00 PM.

-  This IPO has been subscribed 0.62x by 12:30 PM on Day 1

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.94x

- (RII) Retail Individual buyers: 0.84x


At 1:20:00 PM.

-  This IPO has been subscribed 0.66x by 1:20 PM on Day 1

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.94x

- (RII) Retail Individual buyers: 0.92x


At 3:00:00 PM.

-  This IPO has been subscribed 0.66x by 3:00 PM on Day 1

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.94x

- (RII) Retail Individual buyers: 0.92x


At 3:30:00 PM.

-  This IPO has been subscribed 0.66x by 3:30 PM on Day 1

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.94x

- (RII) Retail Individual buyers: 0.92x


At 4:10:00 PM.

-  This IPO has been subscribed 0.66x by 4:10 PM on Day 1

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.94x

- (RII) Retail Individual buyers: 0.92x


At 5:10:00 PM.

-  This IPO has been subscribed 0.66x by 5:10 PM on Day 1

- It is a public issue of 2,78,74,696 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.94x

- (RII) Retail Individual buyers: 0.92x

Why Should I Invest in AGS Transact Technologies IPO?

Here are some reasons why you should consider investing in the shares of AGS Transact Technologies –

  1. It is one of the leading companies in its business segment.
  2. AGSTTL has a diverse business portfolio with involvement in 3 key sectors: Banking automation solutions, Payment solutions, and Automation solutions for the retail, colour, and petroleum segment.
  3. Customisation is one of the primary USPs of the brand. AGSTTL is known for its ability to develop solutions as per its client’s requirements. It is a testament to this organisation’s in-house R&D facilities.
  4. AGS Transact Technologies' strategic alliance with Diebold Nixdorf and ACI Worldwide allows the company to explore different business ventures.

Financial Highlights

Financial Year Total Assets Total Income Total Expenses Profit After Tax
March 2021 Rs. 29,138.32 Rs. 17,971.52 Rs. 13,203.92 Rs. 547.92
March 2020 Rs. 22,413.95 Rs. 18,335.26 Rs. 13,380.65 Rs. 830.14
March 2019 Rs. 20,544.26 Rs. 18,236.30 Rs. 13,807.55 Rs. 661.94
**Amount is mentioned in millions

How to Apply for AGS Transact Technologies IPO?

You can apply for the AGS Transact Technologies IPO in these ways:

Demat Account

Applying for the initial public offering of AGS Transact Technologies is not a hassle anymore. New investors can do it through a Demat account. Moreover, they can open and access this account without paying any extra charges through the Angel One platform. After getting their login credentials, individuals can apply for the AGS Transact Technologies or any other public issue of their choice.

On the other hand, existing customers of Angel One can click here to submit bids for this IPO of AGS Transact Technologies.

UPI

Using your UPI ID is another way of submitting bids for the IPO of AGS Transact Technologies. Once you have connected your bank account with your UPI handle, you need to then link it with the Angel One App, and you can then apply for this public issue.

After that, you can use the UPI option on the Angel One App or website to bid for an IPO of your preference. Furthermore, you can take the assistance of your UPI apps to freeze the subscription amount of a public issue if and when needed.

AGS Transact Technologies IPO – Noteworthy Highlights

Following are some highlights about AGS Transact Technologies that you should know before investing –

  1. As of 31 March 2021, AGSTTL is the 2nd largest company in terms of revenue from ATM management. Additionally, it covers about 22% of retail fuel outlets in India in terms of POS terminal deployment.
  2. As of 31 August 2021, AGS Transact Technologies has installed, maintained and managed more than 70,000 ATMs and CRMs across this country.
  3. Also, it has provided cash management services to more than 46,000 ATMs using SVIL and installed more than 2.2 lakh merchant POS terminals and 46,000 cash billing terminals.
  4. Moreover, AGSTTL is now offering automated services to more than 17,500 petroleum terminals and installed about 88,000 colour dispensing machines.

AGS Transact Technologies IPO - SWOT Analysis

strengths

Strengths

  • Strong domestic presence: The strongest point of AGS Transact Technologies' business is its stronghold on the domestic market. More than 90% of its current revenue comes from the Indian market only.
  • Diverse product portfolio: AGS Transact Technologies' ability to expand its portfolio with time and market trends has put the company in a good position. It can now cater to multiple segments, diversifying its revenue stream as well.
  • Ability to offer tailor-made products and services: The in-house research and development team enables AGSTTL to deliver customised services to its customers.
Weaknesses

Weaknesses

  • Over-reliance on third party services: AGSTTL's reliance on Diebold Nixdorf and ACI Worldwide in terms of business purpose is not a good sign. Even though it is a strategic business deal, it can be a point of pain for the company in the future.
  • Not enough international presence: AGS Transact Technologies currently operates in a handful of South-Asian countries outside of India. It needs to improve its international presence to widen its revenue base further.
Opportunities

Opportunities

  • India's growing digital economy: India’s growing digital economy has been a blessing for every company operating in this business segment.
Threats

Threats

  • Growing domestic competition: Since AGS Transact Technologies mainly relies on its Indian business, the growing competition here can pose a serious challenge.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Strong domestic presence: The strongest point of AGS Transact Technologies' business is its stronghold on the domestic market. More than 90% of its current revenue comes from the Indian market only.
  • Diverse product portfolio: AGS Transact Technologies' ability to expand its portfolio with time and market trends has put the company in a good position. It can now cater to multiple segments, diversifying its revenue stream as well.
  • Ability to offer tailor-made products and services: The in-house research and development team enables AGSTTL to deliver customised services to its customers.

Weaknesses 

  • Over-reliance on third party services: AGSTTL's reliance on Diebold Nixdorf and ACI Worldwide in terms of business purpose is not a good sign. Even though it is a strategic business deal, it can be a point of pain for the company in the future.
  • Not enough international presence: AGS Transact Technologies currently operates in a handful of South-Asian countries outside of India. It needs to improve its international presence to widen its revenue base further.

Opportunities

  • India's growing digital economy: India's growing digital economy has been a blessing for every company operating in this business segment.

Threats 

  • Growing domestic competition: Since AGS Transact Technologies mainly relies on its Indian business, the growing competition here can pose a serious challenge.

Competitive Analysis: Market Peers

AGS Transact Technologies currently has not listed market peers to draw a comparison with.

AGS Transact Technologies IPO FAQs

How to file an application for the public issue of AGS Transact Technologies through the Angel One App?

To apply for an IPO using the Angel One app, refer to the steps stated below –

Step 1: Visit the ‘investment opportunities’ option on the mobile app of Angel One.

Step 2: Navigate to the ‘IPOs and FPOs’ section and enter all the required details.

Step 3: Provide yourNPCIcertified UPI handle.

Step 4: After that, click on ‘invest’ and submit your bid for this IPO of AGS Transact Technologies.

Is it possible to apply for the public offering of AGS Transact Technologies without using a UPI ID?

Yes, it is possible to apply for the IPO of AGS Transact Technologies without using a UPI ID. In this regard, you can take the help of the ASBA process offered by your respective banks. However, if you do not have a UPI ID currently, you can simply create one without any delays through the UPI handles mentioned on the NPCI List.

How to locate a UPI ID in the mobile app of Angel One?

You can locate a UPI ID in the ‘profile’ section of the Angel One app.

I cannot find my UPI ID in the dropdown menu of the Angel One App when applying for this public issue of AGS Transact Technologies. What is the reason?

In case you cannot locate your UPI ID under the dropdown menu of the Angel One App, it means that your existing UPI ID may not have NPCI’s approval. In such an instance, you can just create a new one with any of the UPI handles, sanctioned and declared under the NPCI List.

Is it possible to bid for this initial public offering of AGS Transact Technologies using a bank account that is not linked with the Angel One app?

Yes, it is possible to bid for this initial public offering of AGS Transact Technologies using a bank account, which is not linked with the Angel One app. In such instances, the bank account you are applying through must be in your name.

Is it vital to accept a UPI mandate as soon as I get it?

Yes, it is imperative to accept a UPI mandate for this AGS Transact Technologies IPO or any other public issue as soon as you get it. Nonetheless, this window of approval remains open from the closing bell of the former working day to 12 noon the next one.

How to create a UPI ID through the BHIM app?

To create a UPI ID via the BHIM app, you can refer to the steps mentioned below –

Step 1: Download and install the BHIM UPI app on your mobile phone

Step 2: Review and authenticate your mobile number and create a password or PIN needed to access this app

Step 3: Choose a bank from the list of financial institutions stated on NPCI’s list of registered services providers

Step 4: BHIM UPI App will then fetch your bank account information automatically

Step 5: On the other hand, if you have multiple bank accounts, choose one that you want to register and link with this app

Step 6: Set up a personal UPI ID for security reasons

After that, you can see your UPI ID in the ‘Profile’ section of this app.

How to accept a UPI mandate request for this IPO of AGS Transact Technologies?

To accept a UPI mandate request for this public issue of AGS Transact Technologies, you can simply use a UPI App. Nevertheless, you can click here to understand the details of this process and its associated steps.

Is it possible to apply for the IPO of AGS Transact Technologies using a Hindu Undivided Family or HUF account?

No, it is not possible to apply for the public offering of AGS Transact Technologies through a Hindu Undivided Family account. Alternatively, if you apply for any IPOs via the ASBA process, in such cases, you can take the help of this account.

Is it possible to apply for the public issue of AGS Transact Technologies using a current account?

No, it is not possible to apply for the IPO of AGS Transact Technologies or any other organisation using a current account. The reason is, IPO applications made via such accounts are not accepted. So, it is better to use a savings account as an alternative for this purpose. Moreover, you can talk to any representative of your respective banks for additional details.

Is it possible to apply for the public issue of AGS Transact Technologies through my minor daughter’s account?

No, it is not possible to apply for the public offering of the AGS Transact Technologies or any other company through your minor daughter’s account and using the Angel One platform. On the contrary, a minor can apply for any public issue using the ASBA process.

I cannot bid for this AGS Transact Technologies IPO using my existing UPI handle. What can be the reason?

The possible reason why you cannot submit bids for the IPO of AGS Transact Technologies through your current UPI ID is that this UPI handle may not have NPCI’s approval. In that case, you can quickly create a new one using any of the service providers mentioned under the NPCI’s list to extend UPI service. You can just finish the due process and then bid for any public issue you want.

What is the nominal time required to block or unblock funds for an IPO subscription?

The nominal time needed to block funds for an IPO subscription depends on how quickly you accept the UPI mandate request. Once you approve it, banks will freeze the required funds for an IPO.

However, if you fail to get an allotment or your UPI mandate expires, the banks will unblock these funds. If your funds are not unblocked even after that, you can contact your respective banks for further clarification.

Can NRIs use the Angel One app to apply for this IPO of AGS Transact Technologies?

No, NRIs cannot use the Angel One app to apply for the public issue of AGS Transact Technologies. Nevertheless, they can always take the assistance of the ASBA or Application Supported by Blocked Amount process extended by different banks to bid for any public issue of their choice.

What is the minimum time needed to get a UPI mandate request following the submission of an IPO application?

The minimum time required to get a UPI mandate request after submitting a bid for any IPOs is 10 to 15 minutes. However, this process can get delayed at times due to various reasons.

I have approved the UPI mandate request of the public offering of AGS Transact Technologies, but its status on the Angel One App is showing pending. What is the reason?

If the status of your IPO mandate request is displaying pending on the Angel One app, there is nothing you can do about it. Since the Angel One app is not equipped to display real-time updates of UPI mandate requests, you cannot see the current status. However, if you have accepted it, you can find its actual status in the order book of a public issue after a while.

Do I need to pay any extra charges to apply for this public issue of AGS Transact Technologies using the Angel One platform?

No, you need not bear any extra charges to bid for this public issue of AGS Transact Technologies using the Angel One platform.

Can I submit more than one bid for a public issue using a single PAN?

No, you cannot submit multiple bids for a public issue using one PAN. The reason is that in such instances, IPO applications get rejected as per the existing rules. Therefore, you will fail to get an allotment for this public offering of AGS Transact Technologies or any other firm.

What is a cut-off price? Can I bid for an initial public offering at this price?

A cut-off price is a price point at which the equity shares of AGS Transact Technologies or of other companies get listed on the share market. This is a pre-set price and is primarily decided during the allotment stage of an IPO. Moreover, if you submit a bid at this price, it suggests that you are willing to apply for the public issue of AGS Transact Technologies at this price point.

Also, applying at a cut-off price improves your chances of receiving an IPO allotment.

Even after submitting the final application for the IPO of AGS Transact Technologies, the required funds are not debited yet. What can be the reason?

The reason for the IPO related funds not being debited even after submitting the bids is that banks do not release funds related to a public issue just after you submit a bid. Instead, they will block this amount momentarily, and once you receive an allotment, they will debit it. On the other hand, if you do not receive an allotment or your UPI mandate expires, banks will release this amount.

Can I alter my IPO bid for the public issue of AGS Transact Technologies after submitting the application?

Yes, you can change the IPO bid of this AGS Transact Technologies even after submitting its final application. Here, you have the opportunity to change your UPI ID and the lot size.

Nonetheless, a point to remember here is that if you make any changes following the approval of your UPI mandate request, it will be then regarded as a new bid. Therefore, banks will block your bid amount besides your existing one. Additionally, you will get a new UPI mandate request like before.

How to ensure allotment for this AGS Transact Technologies IPO?

It is not possible to guarantee allotment for any public issue, irrespective of the company you choose to apply for. In the event of an oversubscription, which is a common affair, the allocation of shares is done via a lottery system. So, it is not possible to provide any assurance in this regard.

A point to keep in mind here is that the Angel One platform only allows you to apply for an IPO, and it does not offer any guarantee regarding its allocation.

However, you can improve your odds by keeping the below-mentioned points in mind –

  • Applying at the cut-off price

  • Using a Demat Account linked with your PAN

  • Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the AGS Transact Technologies IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –

  • Person Y’s UPI ID is not linked with X’s PAN

  • Person X’s Demat account is not linked with Y’s bank account

What are the probable reasons behind the rejection of my IPO application for AGS Transact Technologies?

Possible reasons behind the rejection of your IPO application for AGS Transact Technologies are –

  • Failing to ensure that your Demat account, UPI ID, and bank account are connected with the same PAN

  • Entering an incorrect UPI PIN while approving the mandate

For example, if you use your Demat account to apply for this public issue and use your friend’s UPI ID to make payment. In that case, your application can get rejected –

  • If your PAN and your friend’s UPI ID are not connected

  • If your Demat account is not linked with your friend’s bank account

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