AGS Transact Technologies Limited files DRHP with SEBI for its IPO

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AGS Transact Technologies Limited one of the largest integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporate clients, as of March 31, 2021 (Source: Ken Payments Report), filed its DRHP with SEBI.

AGS Transact Technologies 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. As of March 31, 2021, the company is the second largest company in India in terms of (i) revenue from ATM managed services under the outsourcing model, and (ii) revenue from cash management and number of ATMs replenished (Source: Ken ATM Report). As of March 31, 2021, the Company deployed 207,335 payment terminals and were one of the largest deployers of POS terminals at petroleum outlets in India (Source: Ken Payments Report). AGSTTL also pioneered Integrated Payment Solutions (IPS) with OMCs (Source: Ken Payments Report).

The Initial Public Offer (IPO) consists of equity shares of face value of ₹10 each of AGS Transact Technologies Limited aggregating up to ₹8,000 million (the “Offer”) through an offer for sale by Mr. Ravi B. Goyal (the “Promoter Selling Shareholder”) aggregating up to ₹7,920 million and equity shares aggregating up to ₹80 million by Other Selling Shareholders.

BOOK RUNNING LEAD MANAGERS to the issue: ICICI Securities Limited, HDFC Bank Limited and JM Financial Limited.

The equity shares will be listed on BSE and NSE.

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