AGS Transact Technologies, an integrated Omni-Channel payment solution provider has seen a warm debut on January 31 opposed the price price of Rs 175 per share.
The price list in BSE is Rs 176.
The public problem of the Maiden RS 680-Crore has seen good demand from investors because this problem subscribes to 7.79 times during January 19-21 2022. Non-institutional investors are at the forefront of investors because their portion sees subscribing 25.61 times, While the section is set aside for qualified institutional buyers and retail investors subscribing 2.68 times and 3.08 times.
It is entirely a problem for sale by promoter Ravi B Goyal, but the company will indirectly get the funds to reduce the debt burden according to the agreement between AGS and Goyal.
The band price for offers is Rs 166-175 per share.
AGS Transact Technologies provides digital and cash-based solutions for corporate banks and clients. The company provides customized products and services consisting of ATM and Outsourcing ATM and CRM, cash management and digital payment solutions, including merchant solutions, transaction processing services and mobile wallets.
Most analysts have set a ‘subscription’ rating for AGS problems considering the portfolio of products and services are diverse, customer bases that vary and some income streams.
“On a higher price ribbon than Rs 175, AGS demands several P / E from 38.5x (for FY21 income of RS. 4.6), which in premium becomes the average peer of 21.8x. AGS business operations are very affected by Covid-19 pandemic restrictions, so that their income is depressed at FY21, “Choice Broking said.
It is said that with the easing of pandemic restrictions, anticipating ramp-ups in the spread of ATMs by banks and further evolution in digital payment rooms, companies are well placed to benefit from diverse portfolio products and services, varying customer base and a lot of flow income. Thus he has set a ‘long-term subscription to this problem.
Hem Securities also recommends subscribing to the problem for the long term. “Companies that are integrated payment providers and Omni-Channel cash solutions have a portfolio driven by customers with strong ability to develop special solutions at home. The company has a diverse product portfolio, a customer base and income stream that leads to cross-selling opportunities. Old relationships with technology providers and customers, “reasoned.
AGS Transact recorded a loss of Rs 18.1 Crore at Rs 753.4 Crore’s revenue for a five-month period ended August 31. It received a profit of Rs 54.79 Crore for the financial year of 2021, down from RS 83.01 Crore in the previous year, and income also declined to Rs 1,758.94 Crore from Rs 1,800.44 Crore in the same period.
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