AGS Transact Tech IPO
If you have ever used Fastlane then you are aware of the AGS India Company. One of the most awaited IPOs of 2022 is AGS India. AGS has started accepting bids on 19th January 2022. So what is this company and what does it do? Here we discuss AGS company’s Background and AGS IPO details.
Company Overview and Background
AGS India was registered as a Private Limited Company in 2002, The company started providing automated banking solutions in the year 2004 and has applied the technology from international service providers to provide global-level automation services in India.
The Vision of the company is to provide end-to-end digital and cash payment solutions and develop the technology for banking, retail, e-commerce, and fintech sectors. They deliberately and tirelessly work to provide secure innovative products that are accessible and engaging for customers across the value chain in an extremely cost-effective manner.
AGS is India’s one of the first companies to launch QR-Code based payment systems and various card schemes. According to reliance securities, AGS has continued to focus on developing customized solutions, technological and infrastructural capabilities, and focus on long-standing relationships with its global technology providers and partners.
Important factors affecting IPO investment decision
- It has offered its shares in the IPO at a price band of 166-175 per share.
- The AGS IPO issue is open till 21st January 2022
- AGS has market leadership in Cash management and ATM Management services with a high-profit margin
- Earlier, the company had raised an anchor investment from companies like Ashoka India Equity Investment Trust PLC, Kuber India Fund, Saint Capital Fund, IIFL Special Opportunities Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Abakkus Growth Fund, and Quant Mutual Fund among other investors. They raised 204 crores in this round by selling 1.16 crore shares at 175 rs each.
- AGS is the largest deployer of POS terminals at petrol pumps in India
- AGS is the second-largest in India for its ATM management services
- HDFC Bank, ICICI Securities, and JM Financial Services are appointed by AGS as their merchant bankers and Link Intime India as their registrar.
- The majority of analysts are recommending to subscribe to the IPO due to the company’s growth and a strong portfolio. However, a few are concerned with its premium evaluations and losses reported in the first five months of the Fiscal Year 2021.
- As per speculators and analysts, the AGS Transact Tech shares are available in the grey market at 15Rs Premium
- The company’s shares are expected to list on the stock exchanges NSE and BSE on 1st February 2022.
Financials and Balance Sheet of AGS India
LIABILITIES | MAR'20 | MAR'19 | MAR'18 | MAR'17 | MAR'16 |
Share Capital | 120.39 | 120.39 | 120.39 | 120.39 | 120.39 |
Reserves & Surplus | 443.85 | 422.02 | 374.98 | 354.39 | 345.73 |
Net Worth | 564.24 | 542.41 | 495.37 | 474.78 | 466.13 |
Secured Loan | 460.73 | 374.26 | 505.76 | 495.82 | 434.09 |
Unsecured Loan | .00 | .00 | .00 | .00 | .00 |
TOTAL LIABILITIES | 1024.97 | 916.67 | 1001.13 | 970.60 | 900.22 |
ASSSETS | MAR'20 | MAR'19 | MAR'18 | MAR'17 | MAR'16 |
Gross Block | 718.59 | 630.35 | 560.93 | 688.80 | 595.90 |
(-) Acc. Depreciation | 270.54 | 215.49 | 145.75 | 291.50 | 228.89 |
Net Block | 448.05 | 414.86 | 415.18 | 397.30 | 367.01 |
Capital Work in Progress | 44.59 | 23.04 | 46.18 | 52.47 | 26.36 |
Investments | 265.99 | 220.44 | 142.23 | 117.86 | 53.72 |
Inventories | 62.46 | 91.27 | 133.98 | 168.06 | 187.79 |
Sundry Debtors | 406.79 | 421.31 | 353.32 | 294.23 | 264.29 |
Cash and Bank | 44.08 | 22.99 | 19.03 | 9.01 | 6.95 |
Loans and Advances | 789.19 | 331.14 | 379.74 | 357.05 | 363.84 |
TOTAL CURRENT ASSET | 1302.52 | 866.72 | 886.07 | 828.35 | 822.87 |
Current Liabilities | 1006.98 | 583.25 | 466.77 | 404.54 | 351.48 |
Provision | 29.20 | 25.15 | 21.76 | 20.83 | 18.26 |
Total Current Liabilities | 1036.18 | 608.40 | 488.54 | 425.38 | 369.74 |
NET CURRENT ASSETS | 266.34 | 258.32 | 397.53 | 402.97 | 453.13 |
Misc. Expenses | .00 | .00 | .00 | .00 | .00 |
TOTAL ASSETS(A+B+C+D+E) | 1024.97 | 916.67 | 1001.13 | 970.60 | 900.22 |
