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AGS Transact Tech IPO (Preliminary Public provide) is all set to be listed on the bourses on Monday, January 31, 2022. The three-day preliminary public providing (IPO) of omni-channel fee resolution, AGS Transact Applied sciences Restricted, had opened for public subscription on January 19, 2022. The problem closed on Friday, January 21,2022.
The IPO was subscribed 7.79 instances in the course of the three days from January 19 to January 21, 2022 from all classes of traders.
Forward of the itemizing, Zee Enterprise Managing Editor Anil Singhvi mentioned the IPO is anticipated to checklist round subject value of Rs 175 a share. “Regardless of free money movement, debt is on the upper facet within the firm. Moreover, it additionally has document of delay in paying wage to staff, GST and few collectors prior to now, which doesn’t augur effectively for this omni-channel fee resolution supplier,” he had mentioned.
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Earlier too, Singhvi had beneficial traders to keep away from this subject. He mentioned monetary of the corporate isn’t spectacular and AGS Transact Applied sciences had additionally incurred loss in present 12 months.
The fee options supplier AGS Transact Applied sciences subject is a Rs 680-crore public provide. The corporate had decreased the dimensions of the IPO after it had filed for preliminary papers with capital markets regulator Sebi to mop-up Rs 800 crore by way of an preliminary share-sale in August. The provide is available in a value vary of Rs 166-175 per share. The minimal amount is 85 shares or one lot for retail traders.
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