Public Offering Maiden AGS Transact Technologies, one of the largest integrated Omnichannel payment solutions provider in India, subscribed to 1.68 times for accepting an offer for 4.82 crore equity shares against the size of the price of 2.86 shares of crore equity on January 21, the last day bid.

Retail investors and non-institutional investors remain at the forefront because their backup portions subscribe to 2.46 times and 1.47 times.

Institutional buyers who meet the requirements have provided offers for 49 percent of the shares of the set aside for them.

AGS Transact Technologies, which provides digital and cash-based solutions for corporate banks and clients, plans to clean the RS 680 Crore through its public problems which is fully a supporter to sell shareholders. Where the company has collected Rs 204 Crore through book anchors on January 18. The problem was opened on January 19.

The company provides customized products and services consisting of Outsourcing ATM and CRM, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets. The majority of revenue ags transactions are contributed by banking automation solutions.

The price band for offers has been repaired at Rs 166-175 per share. “The company is available at the top of the IPO price ribbon, at 38.5x FY21 2,106.9 Crore income, which we believe is quite reasonable,” Anand Rathi said.

Brokers further say diverse product portfolios, customer base and income stream that leads to cross-selling opportunities for companies. However, “the company’s business depends on their banking partners. The company also has a threat from a new Fintech company conducted by the Digital Newage Viz Micro-ATM payment system, Aadhaar allows the payment system (AEP), UPI etc.”

While evaluating the front of the financial at the top of the ribbon price IPO assessment seems reasonable, factoring all the above scenarios, Anand Rathi assigned ‘a long-term ranking subscription to this IPO.