AGS Transact Technologies has priced its initial public offering (IPO) between Rs166 to Rs175 per share. Bids can be made for a minimum of 85 Equity Shares and multiples of 85 Equity Shares after that.

The IPO is an offer for sale of Rs 680 crore. The IPO will open on January 19 and conclude on January 21. The company is a payment solutions provider in India, providing digital and cash-based solutions to banks and corporates.

• What is Stock Order : Types, Differences & How Order Works
• India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
• Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
• Ashwini Vaishnaw Encourages German Companies to Invest in India
• Flipkart Appoints Dan Bartlett to Board

The company provides customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions, including merchant solutions, transaction processing services and mobile wallets.

At the end of 2021, AGS Transact was the second largest company in India in terms of revenue from ATM managed services under the outsourcing model, income from cash management, and the number of ATMs replenished.

As of August 31, 2021, the company deployed 221,066 payment terminals and were one of the largest deployers of POS terminals at petroleum outlets in India.