Payment solutions provider AGS Transact Technologies’ initial public offer got 88 percent subscription on the first day on Wednesday.
As per data available with BSE, the IPO received bids for 2,51,98,420 shares as against 2,86,74,696 shares.
The retail individual investors (RIIs) category was subscribed 1.32 times, while the non-institutional investors were subscribed 1.02 times.
This is the first IPO of 2022.
AGS Transact Technologies picked up on Tuesday 204 crore from anchor investors.
Initial Public Offering (IPO) is an offer for sale (OFS) of purely equity shares whose value is 680 crores by the promoter and other selling shareholders.
The price range for the three day offer is 166-175 per share.
ICICI Securities, HDFC Bank and JM Financial are the managers of the offer.
The equity shares of the company will be listed on BSE and NSE.
AGS Transact Tech is an integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporates.
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