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AGS Transact Technologies prices IPO at Rs 166-175 per share

AGS Transact Technologies has priced its preliminary public providing (IPO) between Rs166 to Rs175 per share. Bids may be made for at least 85 Equity Shares and in multiples of 85 Equity Shares after that.

The IPO is a suggestion on the market of Rs680 crore. The IPO will open on January 19 and conclude on January 21. The company is a cost options supplier in India, offering digital and cash-based options to banks and corporates.

The company gives customised services comprising ATM and CRM outsourcing, money administration and digital cost options, together with service provider options, transaction processing companies and cellular wallets.

As of March 31, 2021, AGS Transact was the second largest company in India when it comes to income from ATM managed companies below the outsourcing mannequin, income from money administration, and the variety of ATMs replenished.

As of August 31, 2021, the company deployed 221,066 cost terminals and had been one of many largest deployers of POS terminals at petroleum retailers in India.

The company has additionally expanded internationally to supply automation and cost options to banks and monetary establishments in different Asian international locations like Sri Lanka, Singapore, Cambodia, the Philippines and Indonesia.

AGS Transact’s cost options phase contains ATM outsourcing and managed companies, money administration companies.

In its ATM outsourcing and managed companies companies, the company is liable for the end-to-end administration of ATMs ranging from website identification and growth, adopted by machine deployment, upkeep and administration on behalf of its clients

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