AGS Transact Technologies IPO: All you need to know

NEW DELHI: The Rs 680 crore initial public offering (IPO) of AGS Transact Technologies is set to hit the primary markets on Wednesday, January 19. The IPO will be an offer for sale (OFS) by the promoters of the company. AGS Transact will be the first mainboard IPO for the year 2022.

Here are key things you should know about the issue.

1. When will the AGS Transact Technologies IPO open for subscription?
   AGS Transact Technologies IPO will open for subscription on Wednesday, January 19.
2. When will the IPO of AGS Transact close for subscription?
   The IPO of AGS Transact will close for subscription on Friday, January 21.
3. What is the price band for AGS Transact Technologies?
   The price band for AGS Transact Technologies IPO has been fixed at Rs 166-175 per share.
4. What is the lot size for AGS Transact Technologies IPO?
   Investors can subscribe to the AGS Transact Technologies IPO by betting for a lot of 85 shares or in multiples thereof. At the upper range of price band, one lot of the IPO is worth Rs 14,875. A retail bidder can bid for 14 lots at maximum.
5. What does AGS Transact Technologies do?
   AGS Transact is one of the country’s leading omni-channel payment solution providers and primarily operates in banking automation solutions, payment solutions and other automation solutions. The company stands in second position in terms of revenue from ATM managed services. AGS Transact is the largest deployer of POS terminals at petroleum outlets in the country.

   It has a presence in other markets in Asia including Cambodia, Singapore, Philippines, Indonesia and Sri Lanka. The firm primarily operates in three business segments — payment, banking automation and other automation solutions.

6. What is the issue size of AGS Transact Technologies IPO?
   The issue is entirely an offer for sale (OFS) worth Rs 680 crore, which means that the company will not receive any net proceeds from the issue.
7. Who are the investors participating in the offer for sale of AGS Transact Technologies IPO?
   Promoter Ravi B Goyal will offload shares worth Rs 677.58 crore. Other shareholders V.C. Gupte, Shailesh Shetty, Nikhil Patiyat and Rajesh Harshedrai Shah will offload the remaining stake.
8. What is the quota reserved for retail investors in AGS Transact IPO?
   The quota for retail investors AGS Transact IPO is fixed at 35 per cent of the net offer. QIB quota is fixed at 50 per cent while for NII the quota is reserved at 15 per cent.
9. Is there any quota reserved for employees of the company in the AGS Transact IPO?
   No, there is no quota reserved for employees of the company.
10. When will the basis of allotment be finalized for AGS Transact IPO?
    The finalization of the basis of allotment is likely by January 27 and the initialisation of refunds is likely by January 28. Meanwhile, credit of shares in the demat account is likely by January 31.
11. On what date will AGS Transact Technologies IPO list?
    AGS Transact Technologies will make its market debut on February 1.
12. Where could we check AGS Transact Technologies IPO allotment status?
    Those who would bid for the issue can check the subscription status on the online portal of Link Intime India Private Ltd, the registrar to the IPO.
13. Who are the leading book managers to the issue?
    HDFC Bank, ICICI Securities, and JM Financial are the merchant bankers to the issue.
14. How has AGS Transact Technologies performed last year?
    The company reported a net profit of Rs 54.79 crore in the fiscal year 2020-21, compared to a profit of Rs 83.01 crore in the previous fiscal. The revenue of the company dropped to Rs 1,797.15 crore in FY21 from Rs 1,883.52 crore in FY20.

    For the period ended on August 31, 2021, the company reported a net loss of Rs 18.10 crore with a revenue of Rs 762.30 crore. It is the first IPO of 2022.