AGS Transact Technologies IPO to open Wednesday: Here’s value band, lot dimension and extra

AGS Transact Technologies IPO: The Rs 680 crore preliminary public providing (IPO) of fee options supplier AGS Transact Technologies will open on Wednesday, January 19, 2022, and will likely be obtainable for subscription until Friday, January 21, 2022. The value band of the IPO has been mounted at Rs 166-175 per share of the face worth of Rs 10 every.
AGS Transact Technologies is an built-in omnichannel fee options supplier and gives digital and cash-based options to banks and corporates. It gives customised services and products comprising ATM and Cash Recycler Machines (CRM) outsourcing, money administration and digital fee options together with service provider options, transaction processing providers and cell wallets.
The IPO is fully a proposal on the market (OFS) by a promoter and different promoting shareholders. The firm’s promoter Ravi B Goyal will promote shares value as much as Rs 677.58 crore.
As of March 31, 2021, AGS is the second largest firm in India when it comes to income from ATM managed providers beneath the outsourcing mannequin, and income from money administration and variety of ATMs replenished, based on the main points offered within the pink herring prospectus (RHP).

Upon its itemizing, it’ll be part of CMS Info Systems which simply acquired listed final month.
AGS Transact Technologies has tried a number of instances to go public. Prior to this, in 2018, it had filed its draft papers with market regulator Sebi for elevating Rs 1,000 crore via IPO and though it had secured the regulator’s nod it didn’t go forward with the plan. Before that, it had filed draft papers with the regulator in 2015 to lift as much as Rs 1,350 crore via an IPO and previous to that, the agency had filed preliminary papers with Sebi in 2010 to drift an IPO.
Investors who want to subscribe to AGS Transact Tech’s IPO can bid within the lot of 85 fairness shares and multiples thereof. At the higher value band, they must shell out Rs 14,875 to get a single lot of AGS. The shares will likely be listed on each BSE and the National Stock Exchange (NSE).
Half of the difficulty dimension has been reserved for certified institutional patrons (QIBs), 35 per cent for the retail buyers and the remaining 15 per cent is for non-institutional buyers.
Ahead of the general public provide, the anchor buyers’ portion will likely be obtainable on Tuesday, January 18, 2021.
The firm expects to grasp the advantages of itemizing of the fairness shares on the inventory exchanges, enhancement of its model identify and creation of a public marketplace for the fairness shares in India, as per the data within the RHP.

ICICI Securities, HDFC Bank and JM Financial are the e book operating lead managers to the IPO whereas Link Intime India is the registrar of the difficulty.
Apart from this, the share allotment is prone to happen on Thursday, January 27, 2022, and the shares are anticipated to be listed on Tuesday, February 1, 2022, based on the timeline given within the RHP.
-with PTI inputs