On Friday, the final day of the bidding course of, AGS Transact Technologies IPO 680-crore preliminary public providing (IPO) garnered over eight occasions curiosity, indicating sturdy investor curiosity. On January 19, the widespread subscription interval for the providing, which had a value vary of Rs 166-175 per share, commenced and ended on January 21.
AGS Transact Technologies IPO
As per the IPO subscription place, the general public providing of AGS Transact Technologies was offered 7.79 occasions, whereas the retail element was subscribed 3.08 occasions. Now all eyes are on the share allotment course of, which is almost certainly to occur on twenty seventh after the closing of bids for the general public challenge value of 680 crores. Those who utilized for IPO earlier than 2023 are suggested to confirm the progress of their utility on-line by visiting BSE web site or official registrar of IPO. Link Intime India Private Limited is the licensed registrant to the IPO of AGS Transact Technologies.
Bidders and market analysts hold an in depth eye on the grey market earlier than finishing share distributions. Market specialists estimate that shares of AGS Transact Technologies can be found to consumers at a premium of 15 per cent. In grey market, this implies AGS Transact Technologies IPO GMP immediately 15 and grey markets count on this public challenge to be listed at round 190 (175 + 15), which is round 8.50 per cent larger than its value vary of 166 175 per fairness share Is.
AGS Transact Technologies Allotment Status
Bidders can test the AGS Transact Technologies IPO allotment standing on-line by signing in to the official BSE web site or a hyperlink on the earlier specified time. However, they will test AGS Transact Technologies IPO allotment standing on-line by visiting the direct hyperlink on BSE web site or direct hyperlink on Intime web site. Bidders ought to go to the hyperlink intime web site to watch the standing of their share allotment on the web site of the Official Registrar.
AGS Transact Technologies IPO GMP
The firm’s three major enterprise classes embody ATM and CRM outsourcing, money administration, POS transactions, transaction switching and company banking. As of August 31, 2022, its outsourced portfolio consisted of 14,099 ATMs and CRMs, whereas its managed service space comprised 19,161 ATMs and CRMs.
VRIPL Retail Pvt Ltd, Patanjali Ayurveda, Dr Lal PathLabs and Organic India are among the many firms which have put in POS terminals. Banking automation options embody ATM and CRM level of sale to self service terminals, foreign money expertise merchandise and associated providers.
ags ipo inventory value
An AGS Transact Technologies preliminary public providing can occur in two methods. In the case of AGS Transact Technologies, you’ll be able to submit the IPO utility by means of ASBA, with a checking account to which you might have entry. To apply utilizing your checking account, log in to your on-line banking account. Then select AGS Transact Technologies IPO from the Invest space to use utilizing your checking account.
The preliminary public providing (IPO) type of AGS Transact Technologies might be discovered right here. You may get details about AGS Transact Technologies IPO by downloading the IPO type from NSE or BSE. Download, fill and submit NSE and BSE varieties.
AGS IPO Review
The enterprise, which has been contemplating a public providing since 2010, is now launching its OFS. The secure high line for the final three monetary years and losses within the first 5 months of FY22 have been important sources of concern. The challenge has been appropriately assessed utilizing monetary metrics. However, money surpluses/ threat seekers might take into account long run funding contemplating the sturdy potential of the section.
AGS IPO challenge
The web proceeds from the IPO will serve the next targets: To make a promote facet providing.
To get the good thing about inventory alternate itemizing for fairness shares.
Benefits of AGS Transact Technologies
- The firm offers omnichannel fee and money administration options.
- The buyer base, revenue stream and product portfolio are all various.
- Possesses a stable skill to create custom-made options inside the firm.
- Diebold Nixdorf and ACI are two worldwide expertise distributors with a long-standing partnership.
- Infrastructure and expertise expertise which might be sturdy in-house.
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About AGS Transact Technologies Limited
As one in all India’s main built-in omnichannel fee answer suppliers, AGS Transact Technologies Limited stands out amongst its friends. The firm offers a variety of products and providers similar to ATMs, CRM, money administration providers, service provider options, transaction processing and cellular wallets.
AGS serves the next segments
Payment Solution: This class contains ATM and CRM outsourcing and managed providers, money administration providers, ICD and digital fee providers similar to toll and transit options, Fastlane, transaction switching providers, POS machine providers and company banking.
Sales of banking ATMs and CRM, foreign money expertise merchandise and self-service terminals. Also associated providers and updates are a part of all automation options.
Other automation options: The vary contains promoting machines and associated providers to clients within the retail, petroleum and paint sectors.
AGS had put in, maintained or managed a community of roughly 72,000 ATMs and CRMs as of August 31, 2022. Cash administration providers have been offered to 46,214 ATMs by means of 221,066 service provider POS arrange by SVIL. Around 46,800 money billing terminals have been automated, round 17,924 petroleum shops and 88,521 shade allotting machines have been put in.
The public supply of AGS Transact Technologies consists of a suggestion to current shareholders to promote fairness shares of as much as Rs. 680 crores.
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