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AGS Transact Technologies Limited IPO Detail

AGS Transact Technologies Limited IPO Detail

AGS Transact Technologies Ltd is one of the India's leading omni-channel payment solution providers. It is the second largest company in India in terms of revenue from ATM managed services and also the largest deployer of POS terminals at petroleum outlets in India. It not just serves Indian market but also expanded internationally in other Asian countries including Sri Lanka, Cambodia, Singapre, Indonesia, and Philippines. The firm primarily operates in 3 business segments;

  1. Payment Solution services such as ATM and CRM outsourcing, cash management services, digital payment solutions, transaction switching services, POS machine services, agency banking, etc. As of March 31, 2021, it has a portfolio of 13,959 ATMs and CRMs under outsourcing and 18,408 ATMs and CRMs under managed service segment. It has also deployed POS terminals at leading Indian petroleum outlets such as Hindustan Petroleum, Indian Oil Corporation while Dr. Lal Pathlabs, Patanjali Ayurved, RJ Corp Ltd, VRIPL Retail Pvt Ltd, Organic India are the corporate clients.
  2. Banking Automation Solutions i.e. Sale of ATM and CRM, self-service terminals, currency technology products, and relevant services. As of March 31, 2021, AGS Transact has 50+ banking customer base i.e. ICICI Bank. Axis Bank, and HDFC Bank Ltd.
  3. Other Automation Solutions for customers in petroleum, retail, and colour segments such as system automation products, system integration, remote management, and other service offerings.

As of March 31, 2021, it had installed a network of 207,335 merchant POS, 16,700 petroleum outlets, 72,000 ATMs and CRMs offering cash management services, 46000 cash billing terminals, and installed 85,700 colour dispensing machines. The business serves customers in 2200 cities and towns through 420,000 machines or customer touch points.

Competitive strengths

  • An integrated omni-channel payment and cash solutions provider.
  • Diversified product portfolio, customer base, and revenue stream.
  • Strong capabilities to develop customized in-house solutions.
  • Long-standing relationship with global technology providers i.e. Diebold Nixdorf, ACI.
  • Strong in-house infrastructure and technological capabilities.

Company Promoters

Mr. Ravi B. Goyal and Vineha Enterprises Pvt Ltd

IPO Details

IPO Opening DateJan 19, 2022
IPO Closing DateJan 21, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹166 - 175 per equity share
Market Lot85 Shares
Min Order Quantity85 Shares
Listing AtBSE, NSE
Issue Size₹680.00 Cr
Fresh Issue-
Offer for Sale₹680.00 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0x 1.02x 1.32x - 0.88x
Day 2 0.49x 1.14x 2.07x - 1.41x
Day 3 2.68x 25.62x 3.08x - 7.79x

IPO Tentative Timetable

The AGS Transact Technologies Limited IPO open date is Jan 19, 2022, and the close date is Jan 21, 2022. The issue may list on Jan 31, 2022.

IPO Open DateJan 19, 2022
IPO Close DateJan 21, 2022
Basis of Allotment DateJan 27, 2022
Initiation of RefundsJan 28, 2022
Credit of Shares to Demat AccountJan 29, 2022
IPO Listing DateJan 31, 2022

IPO Lot Size

The AGS Transact Technologies Limited IPO market lot size is 85 shares. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193375).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding98.23%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Aug-21 29,138.32 7,623.04 - 181.05
31-Mar-21 29,138.32 17,971.52 547.92
31-Mar-20 22,413.95 18,335.26 830.14

Objects of the Issue:

The IPO aims to utilize the net proceed for the following objectives;
  • To carry out an offer for sale by selling shareholders.
  • To realize the listing benefits of equity shares on the stock exchange.

AGS Transact Technologies Limited IPO Registrar:

Link Intime India Private Ltd

AGS Transact Technologies Limited IPO Lead Manager(s):

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