HomeIPOAGS Transact Technologies IPO Details

AGS Transact Technologies IPO Details

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AGS Transact Technologies IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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About AGS Transact Technologies

AGS Transact Technologies is one of the largest integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporate clients. The company provides customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.

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As of March 31, 2021, AGS Transact Technologies is the second largest company in India in terms of

(i) revenue from ATM managed services under the outsourcing model, and
(ii) revenue from cash management and number of ATMs replenished.

As of August 31, 2021, the company deployed 221,066 payment terminals and were one of the largest deployers of POS terminals at petroleum outlets in India, having rolled out IPS at more than 16,000 petroleum outlets with 28,986 terminals in India, as of March 31, 2021.

The company operate the business in the following segments :

  • Payment Solutions;
  • Banking Automation Solutions; and
  • Other Automation Solutions (for customers in the retail, petroleum and colour sectors).

Important Details – AGS Transact Technologies

DateDetails
December 11, 2002The company was incorporated in Mumbai, Maharashtra as AGS Infotech Private Limited, a private limited company
June 3, 2010The name of the company was subsequently changed to AGS Transact Technologies Private Limited
July 20, 2010The company was then converted into a public limited company and consequently, its name was changed to AGS Transact Technologies Limited

Objects of the Issue

  • carry out the offer for sale by the Selling Shareholders; and
  • to realise the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of the Company’s brand name and creation of a public market for the Equity Shares in India

AGS Transact Technologies Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 29,138.32 22,413.95 20,544.26
Total income 17,971.52 18,335.26 18,236.30
Total Expenses 13,203.92 13,380.65 13,807.55
Profit After Tax 547.92 830.14 661.94

AGS Transact Technologies IPO Price – Details

DescriptionAGS Transact IPO Details
Public IssueInitial Public Issue of upto [.]  equity shares of ₹ 10 (aggregating up to ₹ 680 crore)
Issue Open  Date19-Jan-22
Issue Close Date21-Jan-22
Issue TypeBook Building
IPO Price Band₹ 166 – ₹ 175
Face Value ₹ 10
Market Lot 85 Equity Shares and in multiples thereof
Minimum Order Quantity 85 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE Symbol
IPO Market Timings 10.00 a.m. to 5.00 p.m.

AGS Transact IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum185₹ 14,875
Maximum131105₹ 1,93,375

AGS Transact IPO Lead Managers

  • ICICI Securities Limited
  • HDFC Bank Limited
  • JM Financial Limited

AGS Transact Technologies IPO Registrar

Company Promoters

  • Mr. Ravi B. Goyal
  • Vineha Enterprises Pvt Ltd

AGS Transact IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on19-Jan-22
Bid / Offer Closes on21-Jan-22
Finalisation of Basis of Allotment27-Jan-22
Initiation of refunds 28-Jan-22
Credit of the Equity Shares31-Jan-22
Listing Date01-Feb-22

Company Peers – Comparison of Accounting Ratios

There are no listed companies in India whose business portfolio is comparable with that of AGS Transact Technologies business and comparable to the scale of operations. Hence, it is not possible to provide an industry comparison in relation to the company.

Company Corporate Office

14th Floor, Tower 3, One International Center,
Senapati Bapat Marg,
Prabhadevi (West),
Mumbai 400 013,
Maharashtra, India
Website: www.agsindia.com

Company Registered Office

601-602 Trade World, B Wing,
Kamala Mill Compound,
Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,
Maharashtra, India

AGS Transact Technologies IPO – FAQS

What is the AGS Technologies IPO Price?

The AGS Technologies IPO price band is ₹ 166 – ₹ 175 per share

When AGS Transact IPO will open?

The AGS Transact IPO opens on Jan 19, 2022 and closes on Jan 21, 2022

What is the lot size of AGS Technologies IPO?

The AGS Transact Technologies IPO lot size is 85 Equity Shares and the minimum order quantity is 85 Equity Shares

Who is the Registrar for AGS Technologies IPO?

The Registrar for AGS Transact Technologies IPO is Link Intime India Private Limited

How to apply in AGS Transact Technologies IPO through UPI?

Check the step by step process here – Click here

How to apply in AGS Transact Technologies IPO through Zerodha?

Check the step by step process here – Click here

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