AGS Transact Technologies issue opens today — Check out the important dates and details of the IPO

• Payment solutions provider AGS Transact Technologies will open its IPO today and will close on January 19.
• The IPO is entirely an offer for sale of ₹680 crore through the public issue.
• Shares of the company were trading at a premium of ₹21 per share in the grey market.

AGS Transact Technologies, which is an integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporates, will open its initial public offering (IPO) today, January 19.

The IPO is a complete offer for sale (OFS) of ₹680 crore with a price band of ₹166-175 per share.

Also, the company is fetching a premium of ₹21 over the upper price band of ₹175 in the grey market.

Here are some of the important details of the IPO:
The company provides customised products and services comprising ATM and cash recycler machines (CRM) outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.

It not just serves the Indian market, but also works internationally in other Asian countries including Sri Lanka, Cambodia, Singapore, Indonesia, and Philippines.

AGS Transact’s financial performance has been declining in the last three years with a loss of ₹181 crore in the first five months of FY22 ending August.

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