The first IPO of 2022 by AGS Transact is slated to launch on Wednesday (January 19, 2022). Here are the important pointers in brief:
Issue details: The public issue is entirely an OFS by current shareholders including the promoter-Ravi B Goyal. Issue size of the offer is Rs. 680 crore. The issue will close on January 21, 2022.
1 lot- 85 shares of AGS Transact, hence a minimum investment of Rs. 15,045 by an investor will be involved.
Post the issue, promoters stake in the firm will be reduced by 32% with Ravi Goyal offloading 3.8 crore shares in the firm valuing Rs. 677 crore. Also, post the issue, public shareholding in the scrip shall increase to 33.26% from the present 1.1%.
QIB quota- ½ of the total IPO reserved for the category
Retail investors quota-35%
NII or non institutional investors- 15% of the IPO
GMP: The stock of AGS Transact in the unlisted securities market commanded a premium of Rs. 21 apiece as against the IPO issue price of Rs. 166-175 per share.
About AGS Transact Technologies:
Set up in December 2002, the company is amongst the leading integrated omnichannel payment services provider in the country. The company extends cash-based as well as digital solutions to corporate clients including banks.