The AGS Transact date has been confirmed from January 19, 2022 and ended on January 21, 2022. Read the post to learn about AGS Transact Technologies IPO GMP.
The Rs 680.00 crore AGS Transact Developers IPO is a fixed price offering. A share is priced between ₹166 and ₹175 in the price band. 85 shares is the minimum lot size required for an application. The minimum amount of investment required by retail investors is ₹14,875.
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Key Details Of AGS Transact Technologies IPO:
Bidding Dates
January 19-21
Price Range
₹166 to ₹175 per share
Face Value
₹10 per share
GMP
₹106.10
AGS Transact IPO GMP
The AGS Transact IPO GMP is ₹106.10.
AGS Transact IPO Overview
AGS Transact IPO is a book-built issuance worth Rs 680.00 crore. The issue is solely a solicitation for sale. AGS Transact IPO bidding began on January 19, 2022 and finished on January 21, 2022. The allotment for the AGS Transact IPO was finalised on Thursday, January 27, 2022. The shares were listed on the BSE and NSE on January 31, 2022. The AGS Transact IPO pricing ranges from ₹166 to ₹175 per share. The minimum lot size for an application is 85 shares. The minimum investment for retail investors is ₹14,875.
As of August 31, 2021, it has deployed a network of 221,066 merchant POS, 17,924 gasoline outlets, 72,000 ATMs and CRMs that provided cash management services, 46,800 cash billing terminals, and 88,521 colour dispensing equipment. The company serves customers in 2200 cities and towns via 446,000 machines or customer touchpoints.
Competitive strengths
- An integrated omni-channel payment and cash solutions provider.
- Diversified product portfolio, customer base, and revenue stream.
- Strong capabilities to develop customized in-house solutions.
- Long-standing relationship with global technology providers i.e. Diebold Nixdorf, ACI.
- Strong in-house infrastructure and technological capabilities.
AGS Transact IPO Details
| IPO Date | January 19, 2022 to January 21, 2022 |
| Listing Date | January 31, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹166 to ₹175 per share |
| Lot Size | 85 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹680.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹680.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
AGS Transact Company Financials
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Aug-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 29,170.33 | 29,138.32 | 22,413.95 | ||
| Total Revenue | 7,623.04 | 17,971.52 | 18,335.26 | ||
| Profit After Tax | – 181.05 | 547.92 | 830.14 | ||
AGS Transact IPO Timeline
| IPO Open Date | Wednesday, January 19, 2022 |
| IPO Close Date | Friday, January 21, 2022 |
| Basis of Allotment | Thursday, January 27, 2022 |
| Initiation of Refunds | Friday, January 28, 2022 |
| Credit of Shares to Demat | Monday, January 31, 2022 |
| Listing Date | Monday, January 31, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 21, 2022 |
Company Profile
AGS Transact Technologies Ltd is one of India’s top providers of omnichannel payment solutions. It is India’s second largest company in terms of ATM managed service income, as well as the top deployer of POS machines at gas stations. It not only services the Indian market but has also extended globally into other Asian countries such as Sri Lanka, Cambodia, Singapore, Indonesia, and the Philippines. The firm primarily operates in three business segments.
- Payment Solution services such as ATM and CRM outsourcing, cash management services, digital payment solutions, transaction switching services, POS machine services, agency banking, etc. As of August 31, 2021, it has a portfolio of 14,099 ATMs and CRMs under outsourcing and 19,161 ATMs and CRMs under managed service segment. It has also deployed POS terminals at leading Indian petroleum outlets such as Hindustan Petroleum, Indian Oil Corporation while Dr. Lal Pathlabs, Patanjali Ayurved, RJ Corp Ltd, VRIPL Retail Pvt Ltd, Organic India are the corporate clients.
- Banking Automation Solutions i.e. Sale of ATM and CRM, self-service terminals, currency technology products, and relevant services. As of August 31, 2021, AGS Transact has 50+ banking customer base i.e. ICICI Bank. Axis Bank, and HDFC Bank Ltd.
- Other Automation Solutions for customers in petroleum, retail, and colour segments such as system automation products, system integration, remote management, and other service offerings.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | AGS Transact Technologies Ltd |
| Phone number | +91 22 6781 2000 |
| Email ID | [email protected] |
| Website | agsindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
AGS Transact IPO FAQs
When AGS Transact IPO will open?
The AGS Transact IPO opens on January 19, 2022 and closes on January 21, 2022.
What is the lot size of AGS Transact IPO?
AGS Transact IPO lot size is 85 Shares, and the minimum amount required is ₹14,875.
When is AGS Transact IPO allotment?
The finalization of Basis of Allotment for AGS Transact IPO will be done on Thursday, January 27, 2022, and the allotted shares will be credited to your demat account by Monday, January 31, 2022.
When is AGS Transact IPO listing date?
The AGS Transact IPO listing date is on January 31, 2022.
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