New Delhi. AGS Transact Technologies IPO is open for subscription from today. For this, bidding can be done till Friday, January 21, 2022. After almost a month of peace in the IPO market, now a company’s IPO has come. The country’s second-largest company by revenue from ATM services plans to raise Rs 680 crore from the IPO.
The company provides customized products and services to banks and corporates for services such as ATM and Cash Recycler Machine (CRM), Outsourcing Cash Management, Digital Payment Solutions, Transaction Processing Services and Mobile Wallet. Robi B., the promoter of the company. Goyal and Vineha Enterprise. The two have a combined stake of 97.61 per cent in the company and 1.51 per cent with AGSTTL Employees Welfare Trust.
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Price band 166-175 rupees
AGS Transact Technologies has set a price band of Rs 166 to Rs 175 for the IPO. Under the IPO, the company has not issued any new shares, but it is an offer for sale (OFS) in its entirety. Under this, the promoters and shareholders of the company will sell their shares. This means that the money received from this IPO will not go to the company’s account but to the promoters and shareholders.
35% reserve for retail investors
50% of AGS Transact Technologies IPO is reserved for Eligible Institutional Buyers (QIBs). 35% shares are reserved for general investors i.e. retail investors. The remaining 15 percent is reserved for non-institutional investors. According to experts, shares of AGS Transact Technologies traded at Rs 195-196 in the gray market on Tuesday, which is Rs 20-21 more than the issue price of Rs 175.
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Can buy a maximum of 13 lots
Investors can bid through lots for the IPO of AGS Transact Technologies. The company will have 75 shares in one lot. Investors need to invest a minimum of Rs 14,875 for the lot. An investor can bid for a maximum of 13 lots. For this he has to invest Rs 1,93,375.
The company will be listed on February 1
AGS Transact Technologies is set to become the first company to be listed on the stock market in 2022. The company’s shares will be listed on BSE and NSE on February 1, 2022. Under the offer-for-sale (OFS), the company’s promoter Robi B Goyal will sell shares worth about Rs 677.58 crore. VC Gupta, Shailesh Sethi, Rakesh Kumar, Nikhil Patiyat and Rajesh Harshedari Shah will jointly sell shares worth Rs 2.42 crore.
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