AGS Transact Technologies Limited IPO – Jan 19 to 21

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AGS Transact Technologies Limited IPO – Jan 19 to 21

January 17, 2022
AGS Transact Technologies Limited IPO – Jan 19 to 21

AGS Transact Technologies Limited is coming out with a fresh public issue to raise Rs 680 crores from the market.

Key details of the issue:

  • Issue opens – Jan 19 (Wednesday)
  • Issue closes – Jan 21 (Friday)
  • Issue size – Rs 680 crores
  • Price band – Rs 166 to 175 per equity share
  • Bid lot – 85 shares and in multiples thereof

And here are some details of the company and further details on the Latent View Analytics Ltd. issue.

Company details:

AGS Transact Technologies Limited was one of the largest integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporate clients, as of March 31, 2021 (Source: Ken Payments Report).

They provide customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.

As of March 31, 2021, they were the second largest company in India in terms of (i) revenue from ATM managed services under the outsourcing model, and (ii) revenue from cash management and number of ATMs replenished (Source: Ken ATM Report).

As of August 31, 2021, they deployed 221,066 payment terminals and were 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, as of March 31, 2021 (Source: Ken Payments Report).

They also pioneered IPS with OMCs (Source: Ken Payments Report). They have 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.

They operate their business in the following segments:

Payment Solutions;

Banking Automation Solutions; and

Other Automation Solutions (for customers in the retail, petroleum and colour sectors).

Issue size: Rs 680 crores



Issue break-up:

  • QIB – 50% of the net offer – Rs 340 crores
  • NIB – 15% of the net offer – Rs 102 crores
  • RET – 35% of the net offer – Rs 238 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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