AGS Transact Technologies IPO Dates, Reviews & Financial Details 2022

The AGS Transact Technologies IPO will hit the market soon, and you can apply for the IPO from 19th January to 21st January 2022. AGS Transact Technologies is planning to raise ₹680 Crores through an IPO which consists of an OFS (Offer For Sale) of ₹680 Crores by existing shareholders.

AGS Transact Technologies is the leading solution provider of ATM management services in India. Talking in terms of revenue it stands in 2nd position in India. They not only provide services to but also extended their omnichannel services in Asian countries like Cambodia, Singapore, Indonesia, Sri Lanka, and the Philippines. 

Their three business verticals are-

  • Payment Solutions – ATM and CRM outsourcing, Cash management systems, POS machine services, transactions, money management, etc. come under this vertical. 14000 ATMs and CRM are under outsourcing services and around 18,000 ATMs and CRM are under managed services. They have also deployed their POS terminals at well-known outlets like IOL, Bharat Petroleum, Dr. Pathlal Labs, etc. 
  • Banking Automation – Self-service transactions and innovative currency products come under this vertical. They have 50+ banks as a client including top banks like ICICI, Axis, and HDFC bank. 
  • Other Automaton Services – For the outlets like  IOL, Bharat Petroleum, Dr. Pathlal Labs, etc. they provide remote monitoring and system integration services.
AGS Transact Technologies IPO

AGS Transact Technologies IPO Dates & Price Band:

Open date19th January 2021
Close date21st January 2021
Total Size of IPO680 Cr.
Fresh Issue ₹0 Cr.
Offer for Sale680 Cr.
Price Band₹166- 175
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

AGS Transact Technologies IPO Market Lot:

The minimum market lot of AGS Technologies IPO is 85 shares with ₹14,875 applications. Retail investors can apply for 13 lots with 1105 shares application worth193,375.

ApplicationLotSharesCut Off Amount
Minimum (RII)185₹14,875
Maximum (NII)131105₹193,375

Should you subscribe to AGS Transact Technologies IPO?

We have researched and mentioned the strengths and risks of the AGS Transact Technologies IPO. The final verdict will help you make the right decision.

Strength – 

  • Leading omnichannel and cash management provider in India. 
  • Diversified products are available under their three business verticals. 
  • Strong in-house team for innovative solutions 
  • Good financials with consistent profits. 
  • Wide client base in India as well as in other Asian countries.

Honest Reviews – 

If you bet on India’s growth story of the next 10 years then to grow the economy of the country banking sector has to perform well and if it performs well then companies like AGS transact technologies should be in great demand in the future.  

Financials of AGS looks great with increasing revenues from last 3 years. They have a wide clientele base which helps in diversifying revenue streams. We recommend our readers apply for AGS Transact Technologies IPO.    

Investors can invest for the listing gains in the AGS Transact Technologies IPO. It’s early to predict but the AGS Transact Technologies IPO can give great listing gains. You can keep a track of AGS Transact Technologies IPO GMP here.

Objectives IPO – 

  • Enjoy the listing benefits on the stock exchanges.
  • Offer for sale to existing shareholders.

AGS Transact Technologies IPO Allotment & Listing Dates:

AGS IPO’s open date is 19th January and the closing date is 21st January. Allotment of shares will be done in 27th January and the listing date on NSE & BSE is 1st February 2022.

Allotment Date for AGS Transact Technologies- 27th January 2022
Refund Date for AGS Transact Technologies – 28th January 2022
Credit of Shares to Demat Account 31st January 2022
Listing Date for AGS Transact Technologies – 1st February 2022

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of AGS Transact Technologies IPO:

The financials of AGS Transact Technologies are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
20191827138266.23
2020 1833133283.48
2021 1799132154.05

AGS Transact Technologies IPO FAQs:

When will AGS Transact Technologies IPO open for Investors?

AGS Transact Technologies IPO will open on 19th January 2021 and will close on 21st January 2021.

What is AGS Transact Technologies IPO Retail Portion?

The portion allocated for retail investors in AGS Transact Technologies IPO is 35%

How to apply for AGS Transact Technologies IPO?

You can apply AGS Transact Technologies IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in AGS Transact Technologies IPO?

If you bet on India’s growth story of the next 10 years then to grow the economy of the country banking sector has to perform well and if it performs well then companies like AGS transact technologies should be in great demand in the future.
  
Financials of AGS looks great with increasing revenues from last 3 years. They have a wide clientele base which helps in diversifying revenue streams. We recommend our readers apply for AGS Transact Technologies IPO.    

What is the allotment date for AGS Transact Technologies shares?

27th January 2022 is the allotment date for AGS Transact Technologies shares.

What is the listing date for AGS Transact Technologies IPO?

1st Feb 2022 is the listing date for AGS Transact Technologies. It will be listed on NSE and BSE.

What is the cutoff price for AGS Transact Technologies IPO?

The cutoff price for AGS Transact Technologies IPO is ₹175 per share.

Will AGS IPO give listing gains?

Investors can invest for the listing gains in the AGS IPO. It’s early to predict but AGS IPO can give great listing gains by seeing its grey market premium. You can keep a track of  AGS Transact Technologies IPO GMP here.

How to Apply the AGS Transact Technologies IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “AGS Transact Technologies Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

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