The IPO of AGS Transact Technologies has received bids for 22.35 crore equity shares against an offer size of 2.87 crore.
AGS Transact Technologies IPO: The IPO of AGS Transact Technologies, a payment related services provider, has received a good response from investors. This IPO of Rs 680 crore was subscribed more than eight 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. In this way, this IPO was subscribed 8.22 times in the last day.
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got so much subscription
According to the data shared by the company, the share reserved for retail investors has been subscribed 3.25 times, qualified institutional buyers category 2.82 times and non-institutional category 27 times. AGS Transact Technologies on Tuesday raised Rs 204 crore from anchor investors. The allotment of shares may be final on January 27 and its listing may happen on February 1.
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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.
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