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AGS Transact fails to impress on listing day; what should investors do?

Analysts recommend that investors book profits on any gains post listing

Mumbai / January 31, 2022 / 12:03 PM IST
 
 
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Shares of AGS Transact Technologies listed bang at their issue price of Rs 175 on the National Stock Exchange on January 31, as the year’s first initial public offering suffered from weak market sentiment towards IPO stocks.

The payments solutions provider and ATM management company saw its IPO subscribed 7.8 times, largely driven by high net-worth individuals and retail investors.

The unflattering listing saw analysts recommend investors to book profits on any gains post listing.

“The investors who got the allotment are advised to book the profit and look for other investment opportunities,” said Santosh Meena, head of research at Swastika Investmart.