AGS Transact Technologies Ltd – Globe Capital
AGS Transact Technologies Ltd
Closed
Price Band
Rs. 166– 175
IPO Issue Period
Jan 19, 2022 to Jan 21, 2022
Issue Size
Rs. 680 Cr.
Face value
Rs. 10/-
Fresh issue
Rs. NIL Cr.
Offer for sale
Rs. 680 Cr.
Minimum Shares for Retail
85 shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Feb 01, 2022
QIB
Not More than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer

HDFC Bank Limited
ICICI Securities Limited
JM Financial Consultants Private Limited

AGS Transact Technologies Ltd is one of the 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 Indian market but also expanded internationally in other Asian countries including Sri Lanka, Cambodia, Singapre, Indonesia, and Philippines. AGS Transact operates in 3 business segments;

  • Payment Solutions;
  • Banking Automation Solutions; and
  • Other Automation Solutions (for customers in the retail, petroleum and colour sectors).

They have expanded internationally to offer automation and payment solutions to banks and financial institutions in other Asian countries comprising Sri Lanka, Singapore, Cambodia, Philippines and Indonesia. They also provide outsourcing solutions for 1,273 ATM and kiosks in Sri Lanka, as of August 31, 2021.

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 1758.94 1800.44 1805.74
Profit After Tax 54.79 83.01 66.19
EPS 4.62 7.00 5.58
OPM (%) 26.5% 27.0% 24.3%
PATM (%) 3.05% 4.53% 3.63%
  • An integrated omni-channel payment and cash solutions provider.
  • Diversified product portfolio, customer base, and revenue stream.
  • Strong capabilities to develop customized in-house solutions.
  • Long-standing relationship with global technology providers i.e. Diebold Nixdorf, ACI.
  • Strong in-house infrastructure and technological capabilities.
  • To carry out an offer for sale by selling shareholders.
  • To realize the listing benefits of equity shares on the stock exchange.

This IPO is fairly priced in line with peers. We believe AGS provides an opportunity to invest in a cash-cum-digital play from a long-term perspective.

Open Account