AGS Transact Technologies Ltd IPO Detail- 19th January, 2022

AGS Transact Technologies Ltd IPO Detail- 19th January, 2022

Company Background

AGS Transact Tech is an integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporate. It provides customised products and services comprising ATM and Cash Recycler Machines (CRM) outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets. The company has expanded its operations internationally to offer automation and payment solutions to banks and financial institutions in other Asian countries comprising Sri Lanka, Singapore, Cambodia, Philippines and Indonesia.

Business Information

In 2021, the company had deployed 207,335 payment terminals and were one of the largest deployers of POS terminals at petroleum outlets in India, having rolled out IPS at more than 16,000 petroleum outlets with 28,986 terminals in India. The firm 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 August 31, 2021, it had installed a network of 221,066 merchant POS, 17,924 petroleum outlets, 72,000 ATMs and CRMs offering cash management services, 46,800 cash billing terminals, and installed 88,521 colour dispensing machines. The business serves customers in 2200 cities and towns through 446,000 machines or customer touch points.
Facts about the company
  • AGS Transact is one of the largest integrated omni-channel payment and cash solutions provider with clientele in diverse industries like banking, retail, petroleum, toll and transit, cash management and fintech
  • Dedicated in-house infrastructure and technological capabilities is a major driver for AGS Transact's business growth.
  • AGS Transact has a long standing relationships with leading technology providers like Diebold Nixdorf and ACI. 
 Points to Note before investing in AGS Transact Technologies IPO
  • AGS Transact derives revenues from a limited number of customers hence any disruption in their business, directly affects the firm’s growth and operations
  • COVID-19 pandemic has had and might continue to have adverse effects on its businesses, operations, cash flows and financial condition
  • There are outstanding legal proceedings which involves the company, directors, subsidiaries and one of the promoters.
  • Long-standing relationship with global technology providers i.e. Diebold Nixdorf, ACI.
What is GMP of AGS IPO?

AGS Transact Technologies IPO shares are trading with a grey market premium (GMP) of Rs 8-10.

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
Min Order Quantity
Listing At
Allotment, Listing and Refund Details
Basis of Allotment Date
Jan 27, 2022
Initiation of Refunds
Jan 28, 2022
Credit of Shares to Demat Account
Jan 31, 2022
IPO Listing Date
Feb 1, 2022
Know more-
To apply from 5paisa Website- Apply IPO
To apply from 5paisa Mobile App- Apply IPO
We hope this information was helpful. For more details, you can post your queries below and we will be happy to share them with you.
Thank You!