three days Initial Public Offering (IPO) AGS Transact Technologies was subscribed more than eight times on Friday, the last day of the bidding process, on strong support from investors. Issue with price band of 166-175 each, open for public subscription last week on January 19 and close on January 21.
The payment solutions provider IPO, the first in the new year 2022, was an offer-for-sale (OFS) of purely value equity shares. 680 crores by one promoter and other selling shareholders.
The finalization of the share allotment basis for the AGS transaction is expected to take place tomorrow, January 27, 2022 and if allotted, the shares will be credited to the demat account of the bidders on January 31, 2022. The registrar link for this IPO is intime. India Private Limited, so the allotment application can be checked on its website Here or on BSE website Here,
According to market observers, shares of AGS Transact Tech are showing no movement in the gray market today, while commanding a premium (GMP). In the previous session 15. The shares of the company are expected to be listed on the stock exchanges BSE and NSE on February 1, 2022.
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. It provides customized products and services including ATM and Cash Recycler Machine (CRM) outsourcing, cash management and merchant solutions, transaction processing services and digital payment solutions including mobile wallets.
The total income of the company for the financial year 2021 was 1,797 crore, and profit before tax was 82 crores. was on EBITDA 476 crores and margin stood at 26.5%. ICICI Securities, HDFC Bank and JM Financial were the lead managers of the issue.
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