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AGS Transact Technologies prepones listing day to Monday. What should you expect?

The maiden public offer was subscribed 7.79 times during January 19-21 amid good participation by all kind of investors. Non-institutional investors had put in bids 25.61 times their reserved portion.

January 30, 2022 / 11:55 AM IST
AGS Transact Technologies

AGS Transact Technologies

 
 
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Omni channel payment solutions provider AGS Transact Technologies is set to make its debut on the bourses a day earlier on January 31. The company preponed its listing date from February 1 as the Union Budget, the biggest event of the year, is scheduled for that day. This would be the first listing of 2022.

Experts largely expect muted listing as lack of consistency in financials, weak market sentiment, offer for sale issue, and intense competition from peers are likely to weigh on its listing price.

AGS Transact has raised Rs 680 crore through its public issue, which was entirely an offer for sale by existing selling shareholders, at a price of Rs 175 per share, the upper price band.

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