The IPO of AGS Transact Technologies, one of the largest integrated omni-channel payment solutions providers in India, was 1.68 times subscribed as it received 48.2 million shares on Jan 21, the last day of Jan 21 , while the offer size was 286 million shares. tender.
Retail investors and non-institutional investors are still at the forefront, with 2.46 times and 1.47 times reserved part subscriptions.
Qualified institutional buyers have bid on 49% of the portion reserved for them.
AGS Transact Technologies, which provides digital and cash-based solutions to banking and corporate clients, plans to raise Rs 6.8 crore through its public offering, which is entirely a sale offer from selling shareholders. Of these, the company has secured Rs 204 crore through the anchor book on January 18. This issue was opened on January 19.
The company provides customized products and services, including ATM and CRM outsourcing, cash management and digital payment solutions, including merchant solutions, transaction processing services and mobile wallets. The majority of AGS Transact’s revenue comes from banking automation solutions.
Complete News Source : Money Control
