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AGS Transact Technologies Ltd

AGS Transact Technologies Ltd

Price Range (₹)

Rs. 166 - Rs. 175

Issue Size (₹ in Cr.)

Upto Rs. 680 cr

Minimum Quantity

85 shares

Bidding Period

Jan 19 - Jan 21, 2022

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Strengths & Risks
30 second IPO
overview
Research Rating
Financials
Industry Trends
Key Strategies
Steps to Apply
Expert Review Video

About the AGS Transact Technologies Ltd

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 and Company DRHP).

Provide customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.

Strengths

Omni-Channel Integrated Payment and Cash Solutions Provider

Serve diverse industries such as banking, retail, petroleum, toll and transit, cash management and fintech in India and other select countries in Asia.

Customer Driven Portfolio with Strong Capabilities to Develop Customized Solutions In-house

The company believes they regularly interact with customers to understand their requirements and work closely to develop future roadmaps.

Dedicated In-house Infrastructure and Technological Capabilities

As of March'21, they were servicing approximately 420,000 customer touch points covering approximately 2,200 cities and towns through 34 branch offices, 474 vaults and spoke locations, and the work force comprised of 13,155 personnel.

Risks

Derive a significant portion of revenues from customers in the banking sector in India

Any adverse development in the growth of the number of ATMs or the usage of ATMs in India could have an adverse effect on the business, results of operations, cash flows and financial condition.

Industries in which they operate are highly regulated by the Reserve Bank of India and other government agencies

Implementation of new regulations or changes to existing laws and regulations regarding the services could have an adverse effect on business.

30 second IPO overview

19 Jan 2022 ICICI Securities

EXPERT REVIEW VIDEO

Expert Review Video

19 Jan 2022 ICICI Securities

Financials

Net Worth
Revenue from Operations
Gross Debt
Profit/Loss for the Year

Industry Trends

Overview of India’s ATM Market

The number of ATMs (including white label ATMs) operating in India’s ATMs market increased from 212,061 as of March 31, 2016, to 238,588 as of March 31, 2021, at a CAGR of 2.39%.

Impact of Demonetization and COVID-19 on the Number of ATM Transactions and Its Revival

Post-demonetization, the number of transactions at ATMs rose to 915.2 million during December 2018 as cash in circulation increased in the country. Similarly, during the COVID-19 lockdown imposed in the country, the number of ATM transactions declined during April 2020, reaching the lowest at 294.9 million (financial) transactions, although currency in circulation increased to ₹28,573.3 billion, which was 14.5% of the GDP for financial year 2021, primarily because households started holding more cash in hand.

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Select IPO

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Fill in the required details

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Confirm your request

Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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