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 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, Singapore, Indonesia, and Philippines. The firm primarily operates in 3 business segments.
AGS Transact Technologies is established in 2002 by Mr. Ravi B. Goyal and Vineha Enterprises Pvt Ltd are the promoters of the company.
They operates business in the following segments:
- Payment Solutions;
- Banking Automation Solutions; and
- Other Automation Solutions (for customers in the retail, petroleum and color sectors).
- 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 August 31, 2021, it has a portfolio of 14,099 ATMs and CRMs under outsourcing and 19,161 ATMs and CRMs under managed service It has also deployed POS terminals at leading Indian petroleum outlets such as Hindustan Petroleum, Indian Oil Corporation while Dr. Lal Pathlabs, Patanjali Ayurveda, RJ Corp Ltd, VRIPL Retail Pvt Ltd, Organic India are the corporate clients.
- Banking Automation Solutions e. Sale of ATM and CRM, self-service terminals, currency technology products, and relevant services. As of August 31, 2021, AGS Transact has 50+ banking customer base i.e. ICICI Bank. Axis Bank, and HDFC Bank Ltd.
- Other Automation Solutionsfor customers in petroleum, retail, and color segments such as system automation products, system integration, remote management, and other service offerings.
Financial Performance:
| Particulars | For the year/period ended (₹ in Millions) | ||
| 31-Aug-21 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 29,170.33 | 29,138.32 | 22,413.95 |
| Total Revenue | 7,623.04 | 17,971.52 | 18,335.26 |
| Profit After Tax | – 181.05 | 547.92 | 830.14 |
Objective 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 IPO Timetable
| IPO Opening Date | 19 January 2022 |
| IPO Closing Date | 21 January 2022 |
| Finalization of Basis of Allotment | 27 January 2022 |
| Initiation of refunds | 28 January 2022 |
| Transfer of shares to demat accounts | 31 January 2022 |
| Listing Date | 1 February 2022 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
AGS Transact IPO Details
| IPO Opening Date | Jan 19, 2022 |
| IPO Closing Date | Jan 21, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹166 to ₹175 per equity share |
| Market Lot | 85 Shares |
| Min Order Quantity | 85 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹680.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹680.00 Cr) |
| QIB Shares Offered | Not more than 50% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| NII (HNI) Shares Offered | Not less than 15% of the offer |
AGS Transact Competitors & Peers
- Brinks
- CMS Info Systems
- Diebold Nixdorf
- Euronet
- FIS
- FSS
- Hitachi Payments
- NCR Corporation
- SIS Prosegur
- Writer Corporation
- Hyosung
AGS Transact Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: ags.ipo@linkintime.co.in
Website: www.linkintime.co.in
AGS Transact Contact Details
AGS Transact Technologies Limited
14th Floor, Tower 3,
One International Center,
Senapati Bapat Marg,
Prabhadevi (West), Mumbai 400 013,
Maharashtra, India
Phone: +91 22 7181 8181
Email: ipocompliance@agsindia.com;
Website: www.agsindia.com
1 Comment
Nice information..