AGS Transact Tech sets IPO price band at Rs 166-175/share


The three-day preliminary share sale will open on January 19 and finish on January 21. The bidding for anchor traders will open on January 18, in keeping with the corporate.

Fee options supplier AGS Transact Expertise on Friday raised its preliminary public providing (IPO) by Rs. Worth band of 166-175 is fastened. The three-day preliminary share sale will open on January 19 and finish on January 21. The bidding for anchor traders will open on January 18, in keeping with the corporate.

The corporate has diminished the dimensions of its public problem to Rs. 680 crore, which is Rs. 800 crore. A public problem is solely an offer-for-sale (OFS) of fairness shares 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.

Half of the problem dimension is reserved for eligible institutional consumers, 35 per cent for retail traders and the remaining 15 per cent for non-institutional traders. Traders can bid on at the least 85 fairness shares and its multiples.

AGS Transact Tech is an built-in omni-channel fee options supplier in India by way of offering digital and cash-based options to banks and corporates.

It presents custom-made services 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 might 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 shifting ahead however didn’t transfer ahead with the plan. The corporate raised Rs. Earlier than the corporate filed draft papers with the regulator in 2015 to boost as much as Rs 1,350 crore, the corporate had filed preliminary papers with SEBI in 2010 to drift the IPO.

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