Business Standard

AGS Transact Technologies, the first IPO of 2022, slumps on debut

Shares of the payment solutions provider drop more than 8% over issue price; IPO had garnered 8x subscription

AGS Transact allots Rs 204-cr worth of shares to anchor investors
Premium

BS Reporter Mumbai
Shares of AGS Transact Technologies, a payment solutions provider, dropped more than 8 per cent over their issue price on Monday. The company’s IPO, first for calendar 2022, had garnered 8 times subscription. Its shares ended at Rs 161.3, down Rs 14.7, or 8.4 per cent, over IPO price of Rs 176. Its stock touched a high of Rs 182 and a low of Rs 154 on the BSE. At the last close, AGS was valued at Rs 1,942 crore.

Market players blamed volatility in the secondary market for the lacklustre debut. In the past two weeks, the benchmark indices

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2022 | 4:23 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com