AGS Transact Technologies IPO

AGS Transact Technologies Ltd.

₹14,110 /85 sharesMinimum Investment

AGS Transact Technologies IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Jan ‘22 - 21 Jan ‘22₹14,11085₹166 - ₹175
Issue SizeIPO Doc
680.00Cr
RHP PDF

Subscription Status As on 21 Jan '22, 5:00 PM

  • Retail Individual Investor
    3.08x
  • Non-Institutional Investor
    25.61x
  • Qualified Institutional Buyers
    2.68x

About AGS Transact Technologies

AGS Transact is an integrated omni-channel payment solutions provider in India. The company provides 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 per Ken ATM Report, AGS Transact was the second largest company in India in terms of revenue from ATM managed services under the outsourcing model, and revenue from cash management and number of ATMs replenished, as of March 31, 2021. ;
Parent Organisation
AGS Transact Technologies Ltd.
Founded
2002
Managing Director
Ravi B. Goyal

Strengths & Risks

  • One of the largest integrated omnichannel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporate clients, as of March 31, 2021, as per Ken Payments Report.
  • Several customised in-house solutions including voice-guided ATM and CRM software and biometric-based solutions for banking clients.
  • Cooperation agreement with Diebold Nixdorf and long-standing relationships with other global technology providers.
  • As of August 31, 2021, servicing approximately 446,000 customer touchpoints covering approximately 2,200 cities and towns through 34 branch offices, 475 vaults and spoke locations.
  • A substantial portion of our revenues from a limited number of customers.
  • A decrease in the use of cash as a mode of payment could have an adverse effect on the company’s business, results of operations, cash flows and financial condition.
  • The company will not directly receive any proceeds from the offer for sale.
  • Outstanding legal proceedings involving the company, its directors, its subsidiaries and one of its promoters.
  • Any adverse development or discontinuance of a relationship with Diebold Nixdorf could have an adverse effect.
  • Outstanding amount of Gross Debt stood at Rs 1,654.4 crore, as of August 31, 2021.
  • The company has experienced negative cash flows in relation to its investing and financing activities in recent financial periods.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular166 - 175₹2 Lakh
For AGS Transact Technologies IPO, eligible investors can apply as Regular.
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