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Payment solutions provider AGS Transact Technologies' IPO is the first IPO of this year to make its market debut. Many major IPOs have been delayed in view of the deteriorating market due to covid-19. The IPO of AGS Transact opens today and close on January 21. The IPO is expected to list on February 1.
The company has fixed the price band of this IPO at Rs 166-175 per share. Anchor investors will be able to bid on January 18.
According to market experts, AGS Transact Tech shares are trading at a premium (GMP) of Rs 18 in the gray market today.
What AGS Transact Technologies do?
AGS Transact Technologies provides customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.
Promoters of the company are Ravi B Goyal and Vineha Enterprises. Together they hold 97.61 percent stake in the company. The shareholding of AGSTTL Employees Welfare Trust stands at 1.51 percent .
Considering the volatility in the market and the correction in the IPO price, many big companies have decided to postpone their IPOs. For this reason, the promoter of the company Ravi B Goyal has decided to sell his shares worth 677 crores. Earlier he was going to sell shares worth about 800 crores.
Recently, the listing of many IPOs in the market has been weak. The response from retail investors has been weak. Uncertainty remains in view of the global sentiments as well.
Looking at the condition of its rival company Paytm, MobiKwik is also delaying the plan to bring IPO. GoAir has put its IPO of 3600 crores on hold.
Upcoming IPOs in 2022
| Company Name |
| LIC |
| Adani Wilmar |
| MobiKwik |
| Ixigo |
| Penna Cements |
| Fincare Small Finance Bank |
| Sterlite Power |
| Bajaj Energy |
| Delhivery |
| OYO |
| Pharm Easy |
| Ola |
| Byju’s |
| Go Airlines |
| NSE |
| Studds Accessories |
| Swiggy |
| SBI Mutual Fund |
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