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 | 85 Shares |
Min Order Quantity | 85 Shares |
Listing At | BSE, NSE |
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 |
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