By Vivek K. Mobile: 09920183006 Email:firstname.lastname@example.org
AGS Transact Technologies, one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology, filed its DRHP with SEBI.
AGS Transact Technologies Limited (AGS) is one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology. AGS provides customised products and services comprising ATM outsourcing and cash management, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets.
As of March 31, 2018, the company is the second largest company in India in terms of number of ATMs managed, revenue from ATM managed services and number of ATMs provided with cash management services, and the fourth largest company in India in terms of revenue from cash management (Source: India ATM Managed Services Market Outlook to 2023, Ken Research, June 2018).
The IPO Initial Public Offering (IPO) comprises of equity shares of face value of Rs. 10 each of AGS Transact Technologies Limited (the “Company”) aggregating up to Rs. 10,000 million. The fresh issue of up equity shares aggregating up to Rs. 4,000 million (the “Fresh Issue”) and an offer for sale aggregating up to Rs. 6,000 million comprising an offer for sale by Mr. Ravi B. Goyal (the “Promoter Selling Shareholder”) and by the other selling shareholders (as defined hereinafter, collectively with the promoter selling shareholder, the “Selling Shareholders” and such offer of equity shares by the selling shareholders, the “Offer For Sale”).
The Company and the Promoter Selling Shareholder may consider a pre-Offer placement of up to 5,000,000 Equity Shares for an aggregate amount not exceeding Rs. 1,250 million at their discretion (the “Pre-IPO Placement”).
The Company proposes to utilize the Net Proceeds raised through the Fresh Issue for: (i) Repayment or pre-payment of certain loans granted by certain banks and financial institutions; and (ii) General corporate purposes.
ICICI Securities Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Holdings Limited, IndusInd Bank Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers.
The equity shares will be listed on BSE and NSE. Read more