GMP: ₹17-20 per Share

    Offer Date

    Offer Price

    Lot Size

    19.01.22 - 21.0.22

    ₹166-175

    85


    Expected Listing Earning

    Expected Premium /GMP:

    ₹17-20 per Share

    IPO Details

    Open Date:

    Jan 19, 2022

    Close Date:

    Jan 21, 2022

    Allotment Date:

    Jan 27, 2022

    Listing Date:

    Feb 01, 2022

    Face Value:

    ₹10 Per Equity Share

    Issue Price:

    ₹166-175 per equity share

    Issue Size:

    Offer for Sale: ₹680 Crores

    Market Lot (Min Amount):

    85 Shares (₹14,875/-)

    Listing at Group(s):

    BSE, NSE

    Lead Manager:

    ICICI Securities Limited, HDFC Bank limited, JM Financial Limited

    Registrar:

    Link Intime India Private Ltd

    Retail Portion:

    35% (Number of Retail Applications: 1,60,000 Approx.)

    Valuations

    Earnings Per Share (EPS)

    ₹4.55/-

    P/E Ratio

    38.45

    RoNW

    10.29%

    Net Asset Value (NAV)-As on 31.08.21

    ₹45.85

     

    Company Financials (in ₹ Crs)

     

    Total Assets

    Total Revenue

    Profit After Tax

    31-Mar-21

    2,913.83

    1,797.15

    94.79

    31-Mar-20

     

    2,241.39

    1,833.52

    83.01

    31-Mar-19

    2,054.42

    1,823.63

    66.19

     

    About Company

    AGS Transact Technologies Ltd is one of 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 also the largest deployer of POS terminals at petroleum outlets in India. It not just serves the Indian market but also expanded internationally in other Asian countries including Sri Lanka, Cambodia, Singapore, Indonesia, and the Philippines. The firm primarily operates in 3 business segments;

     

    1. 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 March 31, 2021, it has a portfolio of 13,959 ATMs and CRMs under outsourcing and 18,408 ATMs and CRMs under managed service segment. It has also deployed POS terminals at leading Indian petroleum outlets such as Hindustan Petroleum, Indian Oil Corporation while Dr. Lal Pathlabs, Patanjali Ayurved, RJ Corp Ltd, VRIPL Retail Pvt Ltd, Organic India are the corporate clients.

     

    2. Banking Automation Solutions i.e., Sale of ATM and CRM, self-service terminals, currency technology products, and relevant services. As of March 31, 2021, AGS Transact has a 50+ banking customer base i.e., ICICI Bank. Axis Bank, and HDFC Bank Ltd.

     

    3. Other Automation Solutions for customers in petroleum, retail, and color segments such as system automation products, system integration, remote management, and other service offerings.

     

    As of March 31, 2021, it had installed a network of 207,335 merchant POS, 16,700 petroleum outlets, 72,000 ATMs and CRMs offering cash management services, 46000 cash billing terminals, and installed 85,700 color dispensing machines. The business serves customers in 2200 cities and towns through 420,000 machines or customer touchpoints.

     

    Promoter(s)

    Pre-Issue Share Holding 99.23%

    Post Issue Share Holding 66.07%

     

    Company Promoter(s)

    1. Mr. Ravi B. Goyal

    2. Vineha Enterprises Private Limited

     

    Issue Objective(s)

    1. To carry out the offer for sale by the Selling Shareholders

    2. To realize the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of their Company’s brand name, and creation of a public market for the Equity Shares in India.

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