AGS Transact Tech IPO to open on Jan 19; cuts issue size to


Lead managers of ICICI Securities, HDFC Financial institution and JM Monetary Points. The corporate’s fairness shares shall be listed on BSE and NSE.

Cost options supplier AGS Transact Applied sciences, which is able to begin its preliminary share sale on January 19, has elevated the scale of its public problem to Rs. 800 crore to Rs. 680 crore.

The three-day preliminary public providing (IPO) shall be accomplished on January 21, based on the Purple Herring Prospectus (RHP).

A public problem is a suggestion to promote fairness shares (OFS) by the promoter and different promoting shareholders.

As a part of OFS, promoter Ravi B Goyal now owns Rs. Will promote as much as 677.58 crore shares. Earlier, it was Rs. Needed to dump 792 crore shares.

AGS Transact Tech is an built-in omni-channel fee options supplier in India when it comes to offering digital and cash-based options to banks and corporates.

It gives custom-made services and products together with digital fee options together with ATM and Money Recycler machines (CRM) outsourcing, money administration and service provider options, transaction processing providers and cellular wallets.

Lead managers of ICICI Securities, HDFC Financial institution and JM Monetary Points. The corporate’s fairness shares shall be listed on BSE and NSE.

The corporate had earlier made a number of makes an attempt to go public. Earlier in 2018, AGS Transit Tech raised Rs. Sebi had filed a draft paper to boost Rs 1,000 crore. It additionally protected the regulator from transferring ahead however didn’t transfer ahead with the plan.

The corporate raised Rs. A draft paper was filed with the regulator in 2015 to boost as much as Rs 1,350 crore. Earlier, the agency had filed preliminary papers with SEBI for an IPO in 2010.

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