AGS Transact Technologies Ltd IPO : IPO Details and Important Dates

AGS Transact Technologies is among India’s top ranked payment solution providers. It ranks second in ranking for ATM managed services. Its operations are spread out across Cambodia, Indonesia, Sri Lanka, Singapore and Philippines. The major three business segments in India are Banking Automation Services, Payment Solutions and Other Automation Solutions. It has more than 72000 CRMs and ATMs offering CMS, 221066 Merchant POS, 46800 Cash Billing machines, 17924 Petroleum outlets and 88521 Colour dispensing Machines. 

The company has its operations in more than 2200 Cities with the assistance of 446000 Customer touch points and Machines.

IPO DETAILS

AGS Transact Technologies Ltd IPO is set to launch on 19th Jan, 2022. The subscription timeline extends till 21st Jan, 2022. The size for the IPO is 680 Crore Rs.. No Shares are issued through Fresh Issue. Shares issued through Offer for Sale are worth Rs. 680 Crore. The lot size is 85 shares and the price range is 166 Rs. – 175 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	19th Jan, 2022
CLOSING DATE FOR IPO	21st Jan, 2022
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	166 Rs. – 175 Rs.
LOT SIZE	85 shares
MINIMUM ORDER QUANTITY	85 shares
ISSUE SIZE	680 Crore Rs.
OFFER FOR SALE	680 Crore Rs.
FRESH ISSUE	No shares for fresh issue
LISTING AT	NSE, BSE
LISTING DATE	1st Feb, 2022

IMPORTANT DATES

IPO OPENING DATE	19th Jan, 2022
CLOSING DATE FOR IPO	21st Jan, 2022
IPO ALLOTMENT DATE	27th Jan, 2022
REFUNDS	28th Jan, 2022
DEMAT A/C CREDITED ON	31st Jan, 2022
IPO LISTING DATE	1st Feb, 2022

AGS Transact Technologies Ltd IPO begins for subscription from 19th Jan, 2022. The IPO subscription would continue till 21st Jan, 2022. The allotment status for the shareholders who applied would come on 27th Jan, 2022. The refunds for the ones who did not get allotment would be initiated on 28th Jan, 2022. The DEMAT accounts of shareholders would be credited on 31st Feb, 2022. The listing of the company would be accompanied on 1st Feb, 2022.

Lead Managers And Promoters

The promoter of the company is Vineha Enterprises Pvt Ltd and Ravi B. Goyal

The lead managers are :

• JM Financial Consultants Private Limited
• ICICI Securities Limited
• HDFC Bank Limited

The minimum lot size for the company is decided at 85 shares. This holding accounts to  14875 Rs.. The maximum lot size is decided at 1105 shares. This amounts to 193375 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	85 shares	14875 Rs
Maximum	1105 shares	193375 Rs

OBJECTIVES FOR THE IPO

• The funds can be utilised for General corporate purposes.
• To avail benefits of market listing.

COMPANY FINANCIALS

Particulars (in Million Rs.)	August 2021	2020-21	2019-20
ASSETS	29170	29138	22143
REVENUE	7623	17971	18335
NET PROFIT	-182	547	830

The company’s asset base has been stagnant this year. The assets increased by 5000 Crore Rs in 2020. However there was no improvement in that number in 2021. The increase was just about 32 Crore Rs. The revenue of the company is decreasing constantly. SInce 2019 the revenue is decreasing 400 Crore Rs in 2020 and has been about 7600 Crore Rs till the half year end. Hence it would be a better figure for the company even if it surpasses the last year’s revenue figures.

The profits of the company are also decreasing. The decrease was about 300 Crore Rs in 2020. Also in 2021 half year results there is a display of loss for 180 Crore Rs. This is unreasonable or management failure as its competitors are able to perform well vene in such tough market situations.

PROS

• The company has a diversified product portfolio.

CONS

• It has one biggest competitor in the market in current times. Its competitor has also launched an IPO recently – CMS Info Systems.
• The financials of the company are weak in current times.

AGS Transact Technologies Ltd IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the AGS Transact Technologies Ltd IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.