According to BSE data, the IPO of AGS Transact Technologies received bids for 4,05,74,240 shares on the second day, while there are 2,86,74,696 shares on offer.
AGS Transact Technologies IPO: The IPO of AGS Transact Technologies, a payment related services provider, got a good response from investors on the second day as well. The IPO of AGS Transact Technologies was subscribed 1.42 times on the second day of the offer on Thursday. This is the first IPO of the year 2022. The categories of Retail Individual Investors (RII) and Non Institutional Investors have been oversubscribed. According to BSE data, this IPO received bids for 4,05,74,240 shares on the second day, while there are 2,86,74,696 shares on offer. In this way, this IPO is subscribed 1.42 times on the second day.
got so much subscription
The share of Retail Individual Investors (RII) has got 2.06 times subscription. This category received bids for 2,96,04,140 shares, while there were 1,43,37,348 shares on offer. At the same time, the share of non-institutional investors has got subscription of 1.13 times. This category has received bids for 69,57,930 shares while there were 61,44,578 shares on offer. The quota of Qualified Institutional Buyers (QIBs) was subscribed 49 per cent on the second day. On Monday, AGS Transact Technologies raised Rs 204 crore from anchor investors.
HUL Q3 results: Hindustan Unilever’s profit jumps 18.68%, net profit at 2,300 crores in the third quarter
Issue related details
Investors can invest in this IPO of Rs 680 crore till January 21. A price band of Rs 166-175 has been fixed for this issue. ICICI Securities, HDFC Bank and JM Financial are the managers of the offer. It is the second largest company in the country in terms of revenue from ATM related services and the largest company to install POS terminals at petrol pumps. Market experts have a positive attitude about investing money in this and have given a subscribe rating to this issue.
The lot size has been fixed for 85 shares i.e. investors will have to invest at least Rs 14875 according to the upper price of the price band. The face value per share is Rs 10. 50 per cent of the issue has been reserved for Qualified Institutional Investors (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors. The allotment of shares can be final on January 27 and its listing can be done on February 1.
Stock Tips: These stocks of insurance sector can give great returns up to 45%, know what is the target price
Know about the company
- AGS is the country’s leading provider of integrated omni-channel payment solutions across transactions.
- In terms of revenue from ATM services, it is the second largest company in the country and the largest company to install POS terminals at petrol pumps.
- Its business is spread not only in India but also in Asian countries like Sri Lanka, Cambodia, Indonesia and Philippines.
- The company mainly deals in three business segments – Payment Solutions, Banking Automation Solutions and Other Automation Solutions.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
.