190. Earthking| Link| Bookmark|
January 31, 2022 9:47:38 AM
IPO Guru (1300+ Posts, 500+ Likes)
Flat opening ... but looking at price recovery and buying interest in the last 7 mins of pre-open ... some block deal could have happened ... lets hopw so ... strange price movement ....
IPO Listing and Update: AGS Transact Technologies (AGSTTL) has informed the National Stock Exchange (NSE) regarding confirmation of redemption of non convertible debenture (NCDs) and payment of interest and principal two days before the listing of the Company on the national stock exchanges. Post a successful IPO, AGSTTL will list its equity shares on Monday, 31st January 2022. The main objective of the OFS in the IPO was that AGS Transact Technologies Ltd.’s promoter Ravi B. Goyal will sell shares but the proceeds (INR 650 crores) will be infused into the company by buying the CCPS from company, which has been fulfilled on 29th January 2022 even before listing. The NSE link and notice has been appended here below. As a result Debt to equity ratio & debt to EBITDA ratio has now become favourable/strong as claimed by company during roadshows. It will lead to substantial savings of financial costs, thereby improving profitability and which will add substantial value to the shareholders https://www.nseindia.com/companies-listing/corporate-filings-announcements