AGS Transact Technologies IPO: The preliminary share sale of AGS Transact Technologies noticed an amazing response from buyers throughout the nation, because it was the primary IPO to go stay within the present 12 months. he AGS Transact Technologies IPO was subscribed 8.22 occasions on the final of bidding, principally backed by non institutional patrons, in accordance with information out there with the Bombay Inventory Change or BSE. The general public provide got here after a one-month hole on the main market, following a 12 months filled with blockbuster points on the Dalal Avenue with a number of firms making data by means of them. Buyers are naturally anticipating the primary IPO of the 12 months to be successful.
The robust response to the AGS Transact Technologies IPO was principally backed by non institutional buyers, who subscribed to 27 occasions of the portion reserved for them. Alternatively, retail patrons bid for 3.25 occasions of the shares put aside for them, whereas Certified institutional patrons put in bids for two.82 occasions of their reserved portion. Through the three-day window between January 19 to 21, buyers booked round 25.57 crore shares of the corporate towards a problem dimension of over 2.86 crore (2,86,74,696) shares, as per BSE information.
Nonetheless, although bidders confirmed a robust response in the direction of the difficulty, the AGS Transact Technologies IPO GMP spoke in any other case. The unlisted shares of AGS Transact Technologies had been retailing at Rs 185 on the higher finish of the worth band on Monday, January 24, at a Rs 10 premium on the higher restrict of its worth band, as per ipowatch.com. This indicated a weak itemizing for the AGS Transact Technologies shares in February.
The AGS Transact Technologies IPO had a worth band of Rs 166 to Rs 175 per fairness share. The corporate plans to lift Rs 680 crore by means of the difficulty, of which Rs 204 crore has already been raised by means of anchor funding. Your entire problem solely had a proposal on the market, or OFS portion, and thus the corporate is not going to obtain any proceeds from the IPO problem.
The IPO comes at a time when the market worth is falling, taking cues on the worldwide state of affairs. On the Dalal Avenue, Sensex on Monday, December 24, opened with a fall of 200 factors. Zomato, which had been hovering since its bumper IPO itemizing final 12 months, fell over 19 per cent throughout the intra-day commerce session. Index majors Wipro, Bajaj Finserv and Infosys additionally fell amid a largely unfavorable development in international markets. Asian Paints was the highest loser within the Sensex pack, shedding 2.44 per cent, adopted by Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech and Bajaj Finance, indicating that tech firms had been going through a loss.
AGS Transact Technologies Restricted is an built-in omni-channel cost options supplier working in India. The corporate operates in three enterprise segments, i.e. Fee Options, Banking Automation Options and Other Automation Options. In accordance with the RHP, AGS is the one money administration firm that has adopted Ministry of House Affairs pointers on a pan-India foundation.
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