According to sources, the IPO of AGS Transact Technologies may hit the first market on Wednesday, January 19. However, ETMarkets.com couldn’t confirm it.
Dinesh Gupta, Co-founder, UnlistedZone mentioned the corporate is buying and selling round Rs 170-175 in the pre-IPO market. He expects IPO to be priced in the vary of Rs 175-200 per share.
AGS Transact, an lively counter in the unlisted area, has been in hibernation ever because it corrected sharply from its peak of Rs 550.
“The shares of AGS Transact have been hit hard following a poor performance of recently listed fintech companies, including Paytm, Fino Payments Bank, CMS Info Systems, among others,” mentioned Sunil Chandak, Equity Strategist at Gennext Investrade.
The firm is considered one of India’s main omni-channel cost answer suppliers. It primarily operates in three enterprise segments, together with cost options, banking automation options and different automation options. It is the second-largest firm in India in phrases of income from ATM managed companies and in addition the biggest deployer of POS terminals at petroleum shops in India.
Dealers monitoring the counter in the listed market have combined views on the counter. A number of of them are suggesting traders to maintain off it whereas others imagine that the scrip has a good worth at present ranges.
“Thanks to its weak financials, the counter has seen a dull response. Instead of buying lock-in shares from the unlisted space, investors should seek other opportunities,” Gupta added.
Contrary to this, Chandak believes that the corporate has a really robust enterprise mannequin and present costs are a good entry level for the consumers. “One has to see the leverage of the company,” he added.
AGS Transact has a community of 207,335 service provider POS, 16,700 petroleum shops, 72,000 ATMs and CRMs providing money administration companies, 46000 money billing terminals, and put in 85,700 color shelling out machines on the finish of FY21.
The enterprise serves clients in 2200 cities and cities by 420,000 machines or buyer touchpoints. It reported a web revenue of Rs 54.79 crore and income of Rs 1,797.15 crore from the fiscal 12 months ended on March 31, 2021.