The share of AGS Transact Technologies is listed on BSE at a price of Rs 176, while the issue price was Rs 175. In this sense, those who had invested in the IPO have got less than 1 per cent return on listing or Re 1 per share.
AGS Transact Technologies Stock Listing Today: AGS Transact Technologies, a company providing payment related services, has had a sluggish entry in the stock market. The share of AGS Transact Technologies is listed on BSE at a price of Rs 176, while the issue price was Rs 175. In this sense, those who had invested in the IPO have got less than 1 per cent return on listing or Re 1 per share. The IPO of AGS Transact Technologies was open from January 19 to January 24. This is the first IPO of the year 2022. The size of the issue was Rs 680 crore. The entire IPO was based on Offer for Sale (OFS).
what investors to do
Swastika Investmart Ltd. Santosh Meena, Head of Research, says that the company is India’s leading omni-channel payment solutions provider. The company’s network is strong. But the focus of the government is increasing on digital payments, which may affect the business of the company. The IPO issue price is listed around Rs 175 only. If you had got shares and today anything goes up then book profit in it and look for any other option to invest.
got good response from investors
The IPO of AGS Transact Technologies received a good response from investors. This IPO of Rs 680 crore was subscribed almost 8 times on the last day of the issue. The IPO received bids for 22.35 crore equity shares against an offer size of 2.87 crore. Under the IPO, 50 per cent was reserved for Qualified Institutional Buyers (QIBs). This share got subscribed 2.68 times. 35 per cent was reserved for retail investors, which was subscribed nearly 3.08 times. At the same time, 15 percent was reserved for non-institutional investors (NIIs), which got subscribed 25.61 times.
Details about the company
AGS Transact Technologies was incorporated in December 2002. The company is currently one of the largest payment solution providers in the country, providing digital and cash-based solutions to banks and corporate customers. This company provides payment solutions, banking automation solutions and other automation solutions. Its customers include customers from the retail, petroleum and color sectors. The company has also expanded its business to other Asian countries like Sri Lanka, Singapore, Cambodia, Philippines and Indonesia.
About the IPO
AGS Transact Technologies is the first IPO of the year 2022. The size of the issue was Rs 680 crore. This IPO was based only on Offer for Sale (OFS). The price band for the IPO was Rs 166-175 per share. At the same time, the lot size was fixed at 85 shares. In terms of the upper price band of Rs 175, at least Rs 14,875 was required to be invested in the IPO.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of The Financial Express. Markets are risky, so take expert opinion before investing.)
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
,