AGS Transact Technologies Ltd. (AGSTTL) is one of the largest integrated Omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients. It provides customized products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets. As of March 31, 2021, AGSTTL were the second largest company in India in terms of - revenue from ATM managed services under the outsourcing model, and - revenue from cash management and the number of ATMs replenished (Source: Ken ATM Report).

The company operates its business in the three segments i.e. Payment Solutions, Banking Automation Solutions and Other Automated Solutions for customers in retail, petroleum and colour sectors.

As of August 31, 2021, it had installed a network of 221,066 merchant POS, 17,924 petroleum outlets, 72,000 ATMs and CRMs offering cash management services, 46,800 cash billing terminals, and installed 88,521 colour dispensing machines. The business serves customers in 2200 cities and towns through 446,000 machines or customer touch points.

Objects of the Issue:

The IPO aims to utilize the net proceed for the following objectives;
• To carry out an offer for sale by selling shareholders.
• To realize the listing benefits of equity shares on the stock exchange.

Company Financials:



AGS Transact IPO Details:



AGS Transact IPO Tentative Timetable:

The AGS Transact IPO open date is Jan 19, 2022, and the close date is Jan 21, 2022. The issue may list on Feb 1, 2022.



AGS Transact IPO Lot Size:

The AGS Transact IPO market lot size is 85 shares. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193,375).

AGS Transact IPO Promoter Holding:

• Pre-Issue Share Holding - 98.23%
• Post-Issue Share Holding - 66.07%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.