Skip to main content

AGS Transact Technologies Limited files DRHP with SEBI

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.


Comments

Popular posts from this blog

Cloud Computing powering India’s priority of ‘Digital-first country’

By: Sunil Mahale, India MD and VP, Nutanix
Digital transformation has been recognized as being vital to the growth of our nation. This transformation has enjoyed the unanimous approval and contribution from all stake holders including enterprises, MSMEs, government bodies and citizens. But this level of adoption in a country with a population of over a billion people would need a robust technology base that is capable to collecting and distributing vital data seamlessly.
Digital India envisions creating high speed digital highways, that will impact commerce and create a digital footprint for every individual. Technologies based on mobility, analytics, Internet of things and most importantly, cloud technologies are the building blocks for the digital India missionThere is a growing need to manage huge volumes of data, and making them readily available to public through digital cloud services. Cloud has a pivotal role in enabling this change.
While Data centers have become crucial to th…

RevStart launches its RevItUp Incubation Programme

Underlining its vision of creating a nurturing ecosystem for start-ups to grow in, RevStart, a co-working and incubation centre, has announced the launch of its RevItUp Incubation Programme. The 12-week long programme will be held at RevStart Incubation Centre in Noida from July 1, 2018 onwards. As part of the programme, RevStart will select five high potential start-ups from the ed-tech sector, AI, Consumer Internet, Sustainability, as well as for-profit social impact companies to assist them with developing their business, along with connecting them to global mentors across industries and sectors. In addition, start-ups selected for the programme will receive INR 5 lakh to Rs. 25 lakhs worth of cash and benefits, while RevStart will get an equity stake in the ventures.
The RevItUp Incubation Programme has been created to enhance the founding team’s industry, product, and company building knowledge and capabilities through a world-class curriculum. The programme will focus on tailor…

The Workplace of the Future

By: Arnab Ghosh – Director, Synergy Property Development Services)
Workplaces are undergoing a major transformation today to stay relevant. Conventional space planning and design approach for office space are slowly but steadily changing across the globe. What was a trickle a decade back is snowballing into a movement as we speak? The nature of the work we do and the time we spend in our workplace is driving this change. 
The Social Workplace The original office in the west was originally based on the factory floor design. The Workers occupied the maximum space followed by Managers and the Senior Executives in their glass cabins. The term “productivity” also has industrial roots. There were well-defined tasks and targets for the employees to achieve in their working time. All these have changed drastically over the last few decades and going to change further in the future. The culture of organizations has to adapt to this change to stay ahead and retain talent. Productivity is no long…