ICRA assigns grade 3 to AGS Transact IPO

ICRA has assigned an grade 3, indicating average fundamentals, to the proposed initial public offering (IPO) of AGS Transact Technologies (AGSTTL), according to its report dated February 14.

AGS Transact Technologies proposes to come out with an initial public offer (IPO) of 62,50,000 shares of face value Rs 10 each.

The report says, "The assigned IPO grading takes into account the favourable regulatory changes, allowing the implementation of the semi-autonomous IAD model of business, and the approval for the first 5 transactions to be free for customers, which are expected to increase the number off-us transactions for an ATM. In addition, the introduction of the