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AGS Transact Technologies IPO fully subscribed on Day-2 on retail interest

The issue is entirely an offer for sale. AGS has already allotted shares worth Rs 204 crore to anchor investors at Rs 175 per share

AGS Transact allots Rs 204-cr worth of shares to anchor investors
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BS Reporter Mumbai
The IPO of AGS Transact Technologies, a payment solutions provider, had garnered full subscription on Thursday. The retail portion of the IPO was subscribed 2.1 times, high networth individual (HNI) portion 1.13 times and institutional investor portion 0.5 times. The Rs 680-crore IPO closes on Friday. The issue is entirely an offer for sale. AGS has already allotted shares worth Rs 204 crore to anchor investors at Rs 175 per share. The price band for AGS’s IPO is Rs 166-175 per share. At the top-end, the company is valued at Rs 2,107 crore.

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