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All that you should know about the Company before applying for the IPO.
The public issue of equity shares of AGS Transact Technologies Limited will open for subscription on January 19, 2022 and closes on January 21, 2022. It is expected to list on the stock exchanges on February 01, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Established in 2002, the Company is one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients, as of 31-Mar-2021. It is 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, as of 31-Mar-2021.
The Company operates its business in 3 segments:
It has installed, maintained or managed a network of approximately 72,000 ATMs and CRMs, provided cash management services to 46,214 ATMs through its subsidiary, installed 221,066 merchant POS and approximately 46,800 cash billing terminals, automated approximately 17,924 petroleum outlets and installed approximately 88,521 colour dispensing machines, as of 31-Aug-2021.
It has 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. Some of its key customers include; ICICI Bank, Axis Bank, HDFC Bank, HPCL, Indian Oil, Patanjali Ayurved, Asian Paints, Berger Paints.
Mr. Ravi B. Goyal and Vineha Enterprises Private Limited
There are no listed peers in India
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
|IPO Size||₹ 680 Crore|
|Offer Mix||100% Offer For Sale|
|Price Band||₹ 166 - ₹ 175|
|Lot Size||85 Shares (& in multiples thereof)|
|Face Value||₹ 10|
|Application Amount||Min. ₹ 14,875 (1 lot) | Max. ₹ 1,93,375 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Cut-off time for UPI Mandate Confirmation||24-Jan-2022 (up to 12:00 PM)|
₹ 340 Crore
(50% of Issue Size)
₹ 102 Crore
(15% of Issue Size)
₹ 238 Crore
(35% of Issue Size)
|IPO Opens||January 19, 2022|
|IPO Closes||January 21, 2022|
|Finalization of the basis of allotment||January 27, 2022|
|Unblocking of funds / Initiation of refunds||January 28, 2022|
|Credit of equity shares to Demat accounts||January 31, 2022|
|Listing of equity shares||February 01, 2022|
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