AGS Transact Tech Limited IPO Subscription Status Day 2: Issue subscribed 1.41 times; retail quota booked 206%
AGS Transact Technologies Limited IPO (Initial Public Offerings) was subscribed 1.41 times at 5pm on Thursday, the second day of the public offer
AGS Transact Technologies Limited IPO (Initial Public Offerings) was subscribed 1.41 times at 5pm on Thursday, the second day of the public offer. The three-day initial public offering will close on Friday, January 21,2022. Omni-channel payment solution AGS Transact Technologies IPO was subscribed 0.88 times at 5 pm on Wednesday.
Against 2,86,74,696 reserved shares for this issue, bids were made for 4,05,74,240 shares, showed NSE IPO bidding details.
See Zee Business Live TV Streaming Below:
The retail investors portion was subscribed 2.06 times, as Retail Individual Investors (RIIs) bought 2,96,04,140 shares against their reserved quota of 1,43,37,348 shares. The Non-Institutional Investors' portion was also fully subscribed (1.02 times) as the category saw bidding for 69,57,930 shares against 61,44,578 on offer.
Qualified Institutional Buyers(QIBs) made bids for 40,12,170 shares against their quota of 81,92,770 shares as the portion was filled 0.49 times on Day2.
Foreign Institutional Investors (FIIs) were yet to take part in the share sale.
Zee Business Managing Editor Anil Singhvi had on Wednesday recommended them to avoid this issue. Financial of the company is not impressive and AGS Transact Technologies had also incurred loss in current year, said Singhvi before recommending to avoid this issue.
Payment solutions provider AGS Transact Technologies plans to mop up Rs 680-crore through the share sale. The offer comes in a price range of Rs 166-175 per share. The minimum quantity is 85 shares or one lot for retail investors.
The company provides customised products and services comprising ATM and Cash Recycler Machines (CRM) outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets. Currently, AGS Transact Tech is India's largest company for ATM managed services. As of March 2021, the company had deployed 2,07,335 payment terminals.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
05:13 PM IST