AGS Transact Technologies IPO
AGS Transact Technologies IPO — date, price band, lot size & details 2022
AGS Transact Technologies listed on 31 Jan 2022 at ₹175, flat to the ₹175 issue price.
AGS Transact Technologies is an omni-channel payment solutions provider and the second largest company in India by revenue from ATM managed services. Its total income was Rs 1,797.15 crore in FY2021.
Stock price
AGS Transact Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 19 Jan 2022
- Close 21 Jan 2022
- Allotment 27 Jan 2022
- Refund/credit 28 Jan 2022
- Listing 31 Jan 2022
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Jan, 2022 |
|---|---|
| Price Band | ₹166 – ₹175 |
| Face Value | ₹10 |
| Lot Size | 85 Shares |
| Issue Size | ₹680 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,875 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 85 shares at the ₹175 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 85 | ₹14,875 |
| Retail (max) | 13 | 1,105 | ₹1,93,375 |
| S-HNI (min) | 14 | 1,190 | ₹2,08,250 |
| S-HNI (max) | 67 | 5,695 | ₹9,96,625 |
| B-HNI (min) | 68 | 5,780 | ₹10,11,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01EBITDA was Rs 476.76 crore in FY2021 on total income of Rs 1,797.15 crore.
- 02It had 14,099 ATMs and CRMs under outsourcing and 19,161 under managed services on 31 August 2021.
- 03Net worth grew from Rs 424.93 crore on 31 March 2019 to Rs 558.66 crore on 31 March 2021.
- 04It is the largest deployer of POS terminals at petroleum outlets in India, with an EBITDA margin of 26.50% as per the source.
Risks · 5
- 01The whole Rs 680 crore issue was offer for sale, so no money went to the company.
- 02Profit after tax fell from Rs 83.01 crore in FY2020 to Rs 54.79 crore in FY2021, and the company made a loss of Rs 18.11 crore in the five months to 31 August 2021.
- 03The pre-issue P/E was 38.46 at the upper band of Rs 175, based on EPS of Rs 4.55.
- 04Total income was flat, at Rs 1,823.63 crore in FY2019 and Rs 1,797.15 crore in FY2021.
- 05Promoters and the promoter group held 98.23% before the issue and 66.07% after it.
Three years of numbers
All figures in ₹ crore, as reported in the AGS Transact Technologies offer document.
| Metric | 31 Aug 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 2,917.03 | 2,913.83 | 2,241.40 | 2,054.43 |
| Total Income | 762.30 | 1,797.15 | 1,833.53 | 1,823.63 |
| Profit After Tax | -18.11 | 54.79 | 83.01 | 66.19 |
| EBITDA | 194.06 | 476.76 | 495.46 | 442.88 |
| NET Worth | 543.74 | 558.66 | 498.96 | 424.93 |
| Reserves and Surplus | 425.15 | 440.08 | 380.37 | 306.35 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the AGS Transact Technologies RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the AGS Transact Technologies IPO will be updated shortly.
About the company
It is the second largest company in India by revenue from ATM managed services and the largest deployer of POS terminals at petroleum outlets. It has also expanded to Sri Lanka, Cambodia, Singapore, Indonesia and the Philippines.
Its services include ATM and cash recycler outsourcing, cash management, digital payment solutions, transaction switching, POS services and agency banking. On 31 August 2021 it had 14,099 ATMs and CRMs under outsourcing and 19,161 under managed services. It has POS terminals at outlets of Hindustan Petroleum and Indian Oil.
The IPO was Rs 680 crore and was entirely an offer for sale by the promoters and other shareholders, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
74 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
ICICI Securities
65 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Hdfc Bank Limited
12 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Paytm (-9.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of AGS Transact Technologies?
The current Grey Market Premium is ₹10, or 6% over the issue price.
What is the AGS Transact Technologies IPO price band?
₹166 to ₹175, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 January 2022, with listing on 31 January 2022.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
