IPO Wrap: AGS Transact Technologies IPO subscribed 7.79 occasions on closing day led by non institutional and retail traders

AGS Transact Technologies IPO subscription standing: The preliminary public providing (IPO) of cost options supplier AGS Transact Technologies, which was launched on Wednesday was met with an amazing response by the traders because it obtained subscribed 7.79 occasions on the ultimate day, in line with the information obtainable on the BSE.
The Rs 680 crore provide acquired bids for over 22.34 crore (22,34,74,265) shares in opposition to the whole subject dimension of over 2.86 crore (2,86,74,696) shares, the information confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 2.68 occasions, whereas these of non institutional traders was subscribed 25.61 occasions and that of retail particular person traders (RIIs) was subscribed 3.08 occasions, the information confirmed.
AGS Transact Technologies IPO is completely a proposal on the market (OFS) by a promoter and different promoting shareholders.

The provide had opened for subscription on Wednesday, January 19, 2022, and concluded at 5 pm Friday, January 21, 2022. It had a worth band of Rs 166-175 per share and earlier than heading into the IPO, the corporate raised practically Rs 204 crore from the anchor traders.
AGS Transact Technologies gives customised services comprising ATM and Cash Recycler Machines (CRM) outsourcing, money administration and digital cost options together with service provider options, transaction processing companies and cellular wallets.
Going forward, traders will now stay up for the share allotment date of the difficulty. The finalisation of the idea of allotment for AGS Transact Technologies is predicted to happen on Thursday, January 27, 2022, as per the knowledge offered within the crimson herring prospectus.