AGS transact technologies

AGS transact technologies Limited IPO
` 166 -
` 175

Why subscribe to AGS Transact Technologies Limited IPO?

AGS Transact Technologies Limited is one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients. It 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. It is the second largest company in India in terms of revenue from ATM managed services under the outsourcing model and revenue from cash management and number of ATMs replenished. The company has deployed 207,335 payment terminals and is 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. It also pioneered IPS with OMCs. For the financial years 2021 the company derived 95.6%, of its revenues from operations in India where the business started, although it has expanded internationally to offer automation and payment solutions to banks and financial institutions in other Asian countries comprising Sri Lanka, Singapore, Cambodia, Philippines and Indonesia.

Objects of the Offer:

The offer comprises of offer for sale of up to ₹6800 mn. The object of the offer is to realise the benefits of listing the equity shares on the stock exchange, enhance company’s brand image and creation of a public market for the equity shares in India.

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Issue Highlights

  • 19-Jan-22
  • 21-Jan-22
  • ` 166 - ` 175 per share
  • ` 10 per equity share
  • ` 680 CR INR
  • Bombay Stock Exchange & National Stock Exchange
  • 50%
  • 15%
  • 35%

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