AGS Transact Technologies Limited
IPO Size
`680 Cr
Price Band
`166-175 Per Share
Minimum Lot Size
85 Share
Face Value
`10 Per Share
Employee Discount
NA
Retail Allocation
15%
Issue Open Date
19 Jan 2022
Issue Close Date
21 Jan 2022
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
According to the Ken Payments Report, AGS Transact Technologies 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, as of March 31, 2021. The Firm 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, Company is the second-largest company in India in terms of (i) revenue from ATM managed services under the outsourcing model, and (ii) revenue from cash management and the number of ATMs replenished.
As of March 31, 2021, AGS has deployed 207,335 payment terminals and was one of the largest deployers of POS terminals at petroleum outlets in India, having rolled out IPS at more than 16,000 petroleum outlets with 28,986 terminals in India.
The firm started providing banking automation solutions in India in 2004. In 2014, the firm expanded its offerings into digital payment solutions, enhancing its integrated digital platform and Software-as-a-Service (“SaaS”) capabilities. In 2016, AGS also allied with ACI Worldwide (“ACI”), a leading international payments solution provider, which has further strengthened the firm's value proposition to customers.
The firm operates its business in the following segments:
(i)Payment Solutions; (ii) Banking Automation Solutions; (iii) Other Automation Solutions (for customers in the retail, petroleum, and color sectors).
| S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | 57 | 4 | - | 10 | - | - |
| Material civil cases | 1 | 1 | - | - | - | - |
| Taxation matters | - | - | - | - | - | - |
| Regulatory Proceedings | - | 12 | - | - | - | - |
| Income Statement(in Milllions) | FY21 | FY20 | FY19 |
| Gross Operating Income | 17,971.52 | 18,335.26 | 18,236.30 |
| Cost of Employee & Inventory | 2,771.66 | 2,800.76 | 2,748.80 |
| Other Expenses | 13,203.92 | 13,380.65 | 13,807.55 |
| EBITDA | 4,767.60 | 4,954.61 | 4,428.75 |
| Depreciation | 2,596.48 | 2,446.65 | 2,273.25 |
| Finance Cost | 1,330.62 | 1,304.01 | 1,366.61 |
| Profit/Loss Before Tax | 824.27 | 1,195.24 | 788.89 |
| Tax | 276.35 | 365.1 | 126.95 |
| Profit After Tax | 547.92 | 830.14 | 661.94 |
Mr. Ravi B. Goyal and Vineha Enterprises Pvt Ltd
No listed peer company
Proceeds from the Offer for sale worth Rs 680cr, will not be received by the company. It will be utilized for: • To carry out an offer for sale by selling shareholders. • To realize the listing benefits of equity shares on the stock exchange.