AGS Transact Technologies Ltd IPO Message Board (Page 4)

Yes sir.

@ csk.. i didn't find anything encouraging or fancy in this ipo.. and that 5 -10 % gmp will vanished by the end of this ipo.. No need to b compulsive applicant.. will wait for better opportunities may b coming at the end of this month.

@CSK,
I am not applying this

thanks

@csk: i will also not apply in HNI here. I may apply 1-2 retail applications only as per tomorrow subscriptions. CMS was better than this where i gave my view to apply.

I too am skipping this one unless things change drastically tomorrow, HNI looks a too risky bet.
Under present circumstances we can only have retail discussion and not HNI discussion :)

I intend applying strongly in HNI in this one......for me the risk reward stacks up well. Application size will be decided by extent of HNI subscription at 1:45 pm. Keep minting!!!

Thanks for your reply Lokes, MRavi Sir,Avenue, Noorul and Neologus. Can you please suggest regarding TCS Buyback? Are you participating in the Buyback? Today closing Price is 3830. Looks a good deal for me.. Your suggestions...

@NeoLongus - I'm curious to know the reasons how RR is stacked up well?

@CSK I'm participating in TCS buyback as a retail. I will buy 44 shares. Till today I've already about 20 shares at average of 3761 (had 5 shares below 3500). I expect acceptance will be around 50% so profit will be 12k+

@NITEENIPO - My top of the mind points on this, briefly:

> Relevant business and Company from size, market share, solution perspective
> I believe cash is not disappearing from the economy in a hurry and is here for another 10 years on more
> Through POS network and other consumer touchpoints the Company is capable of providing all solutions that other highly valued FinTechs are claiming but this will require more tech and people investment by the Company but its well placed
> Strong cashflows of 450 cr yoy and almost 100% EBITDA/CFO ratio...steady cash flow business with very low growth after debt is pared
> Dented balance sheet due to high cost borrowing by promoter to buyback share of PE investors
> CMS was zero debt but this one will have debt even after the promoter infuses back 650 cr through escrow. If for any reason, the promoter chooses not to do it (Sterling Wilson case) then entire IPO will go for a toss and it will be a 1 din mein paisa zero scheme but I've gone through the prospectus and believe that there is no reason for this to happen.
> Theoretically, with current cash generation company can be zero debt in 2 years
> Priced cheaper than CMS on EV/EBITDA basis but more expensive on P/E due to dented balance sheet

Keep minting!

@CSK - Yes, participating in TCS...it seems like a decent opportunity. Bought some today and will continue to buy around this price range to apply in Retail quota from multiple accounts. Keep minting!

@NeoLongus - I accept all your points regarding AGS. Thank you for sharing, I'm rethinking based on your inputs.

2. Do you think TCS buyback acceptance ratio could be between 50% to 70%?

I believe we should decide based on the subscription times and GMP tomorrow. If its not moving much upwards this scrip can be bought in the secondary market as listing can get low than the IPO price.

Hello Traders,

I came to know about the record date for TCS buyback was yesterday after the trading hours. Any scope in buying tcs shares today? Will it cross 4k again? Market is going down and I am doubtful about that. Comments pls!

True IPO Lover- Record is to be announced. Dividend record date is Yersterday. Financial Express updated the wrong information.

@Haran - Yes, that is the real debate...block money to buy through an IPO or from secondary market. Also, budget day listing is a bit of a dampener!

@NITEENIPO - Have my doubts.

@CSK... Yes I too would tender by 45 and 20 shares for TCS buyback.
I had 30 TCS shares since many years at a cost ~300 and tendered all of them in last year TCS buyback @ 3000. My reason was not immediate gain but to make profit tax free (3000-300 x 30) as a result of buyback. And I immediately bought 30 shares again from market @ ~ 3000 after buyback and now have added a few more.

@Neolongus and others

One thing which I fail to understand that despite strong cash flows why is company delaying statutory GST payments , Trade Payables , Employee Salaries etc.

@NeoLongus,@NEETINIPO,@CSK,
In TCS buyback,if AR is 60%,then we can earn profit only on 60%,but remaining 40% will remain in demat and if price fall further,we have to see loss in demat and hold until exit,right?
Also,to participate in buyback,is it prudent to apply from different pan accounts or same as single accoun?

@CSK and others,

So, are you telling that tcs buyback record date is not yet announced? I have seen somewhere that record date was on 20th and have to buy before 2 days of record date inorder to get the shares in demat.

Yes.. No announced Yet.

@sbipo @true ipo lover: you can find all information regarding tcs buyback from below link, admin has added examples also there and in comments also you will find all information or you can post your doubts:
https://www.chittorgarh.com/buyback/tcs-buyback/55/

@avenue @neolongus @others : anyone of you decided to apply here in AGS in HNI, like minimum hni application to get 1 lot or any other no. of lots in HNI ?
I may apply for 1 minimum HNI application by 2.55pm to get 1 lot, if QIB also comes around 2-3X else will apply in 2-3 retail applications only via upi.

@True ipo lover - record date .for BB is not yet announced.
Record date of 20 jan was for 7Rs interim Dividend.

@Lokes.. still undecisive for AGS.. Here Retail too may have a good chance of 1 lot with minimum amount being blocked.

@lokes - Applied 100 lots in HNI and a few retail apps though frankly quite disappointed that QIB was less than 0.9x around 1:45 and still isn't 1x.

This one's unfortunately become a punt and I'd hate a repeat of CarTrade or GLS! Keep minting!

@avenue: yes here in retail also i can get 1 lot with 2-3 applications so i will not go in minimum HNI application also.....and, for me, cms was more better than this after analyzing, so i will apply in retail only here, as in retail allotment, risk won't be much to loose, i can take 500-1k risk.....gain may also be between 5 to 10% here, budget risk won't me much since listing will happen at 10am and budget will come from 11am and market will react later only to budget (if any bigger correction)...

@sbiipo - correct if acceptance ratio is 60% then 40% will remain in our our demat account. But remember this is TCS we are talking about, the second largest market cap wise listed company. From current levels even if it falls we are cushioned for Rs600+. We begin to incur a MTM loss only below 3200 levels. And we should be buying more TCS at 3000 levels. Buy only 44 or less shares per pan account to enjoy larger acceptance ratio. Just Do It.

@NEETINIPO,
Suppose I tender 42 shares and AR is 60%,then how many shares would be accepted? 25 or 26(60% of 42 is 25.2)
Thanks

@sbipo : fractional numbers are ignored. So in your case it will be 25.

@NeoLongus: you have taken a big bet and would be getting around 5 lots....btw i observed normally you skip such kind of issues where there is unsureity and fundamentals are not good, and points mentioned by you in above 9th no. comment for this ipo are also not so encouraging still you took brave decision here. wish you good luck
You will holding this for longer term or will sell if any 5-10% gains on listing day or in some days ?

@Lokes.. are you accepting 2 UPI mandates for AGS?

Hi
Lokes how u arrived that he will be alloted 5 lots, out of 100 which he has applied?
Plz for my info.

@avenue: still not accepted but mostly i will accept.....from current 2 applications i may get 1 lot allotment and from 4 applications i may get 2 lot approx....i feel it won't go much down like rategain on listing (anyways that also recovered later) , my feeling is it can give upto 10-20% gains after listing or within 1 months.
@Sunmoney : i said "around" 5 lots, taking consideration of 4 lots from his 100 lots HNI application as per 25X subscription in HNI and just assuming 1 lot allotment from his retail applications.

Thanks Lokes
Doubt clear

@Avenue- Great to hear you are holding TCS shares from sub 300 levels.@Aniketiaf, Lokes, Noorul, MRavi Sir, Avenue, Neolongus, NITEENIPO gjy, KSRK Sir and Also other folks one request... Can you share Long term to medium secondary market shares for a benefit for everyone? Markets in corrective mode.. if you share it will be helpful for everyone

@ CSK , Buy these stocks for one year target.
Reliance - 3000
TCS - 5000
HDFC - 3300
HDFC Bank - 2000
Kotak bank - 2500
Axis bank - 925
Ajanta pharma - 3000
Adani stocks - keep target open till next 1.5 years.

gjy sir how did u arrived at those above mentioned stock targets?

Thanks

@gjy
For last comp/stocks EXACTLY.

I accepted UPI mandate in spite of red market condition.
So in all 3 retail applications, expecting 1 - 2 lots.. Let's see

Avenue ji congratulations 🎊

@Avenue- You are such a Brave heart... I cancelled all my UPI mandates..

@avenue: Good luck, i accepted 1 out of 2 upi mandates.
@csk: good decision, better not to take risk when you are not sure and can't afford to loose upto 1-2K.

@CSK.. Nothing brave about it. It is the drawback of following this great forum too much that you end up in applying :)

1 mandate accepted and the other one rejected. Now I feel like it was a bad idea that I accepted the mandate. GMP ended with Rs2 and not sure it will list with gain, also market condition is not that good. Let's see.

QUOTE OF THE DAY

"It is the drawback of following this great forum too much that you end up in applying :) "

@avenue: Good one :) can't stop laughing after reading your quote :) :) i can feel the emotions ;)
@ipo mitr: yes its really a great quote and practical too :) we get influenced from each others :)

Only way is to pray "Oh God, please don't give me this allotment" 😂😂

Hi @lokes - Was a bit caught up the past few days but here is my take:

You are quite right in your observation about my IPO investing behavior. However, in this case, I feel that the downside @ 7x EV/EBITDA is very limited but there could be significant upside. So there is uncertainly but the business I feel is fundamentally valuable. Also, I strongly believe in investing behind strong individuals and entrepreneurs. We have in this case the example of a promoter who bought back the stake of PE funds by borrowing money against his share pledge and against company cash flows. Basically he bet all his wealth in buying back the stake and is now selling his stake @ about 2x to pay off the debt. He has gone through a phase of very tight company cash flows and with all this debt burden out, balance sheet improved and the company and the business being fundamentally strong, I think it has value and can hopefully improve from here.

But, as always, I can be totally wrong about this one again like in GLS and CarTrade...so let's see...current market sentiment is also a major worry...fingers crossed! Keep minting!

@Csk..
Here is my 2 cent.
Adani wilmar for long term.

@NeoLongus: Thanks for giving your views. Lets see.
@True IPO Lover: Atleast I don't pray like this :) i definitely need 1 lot of allotment, small profit/loss doesn't matter much for me in 1 lot allotment.

@Noorul- I am only worried about the size of the issue. Again they need to issue 15% because of SEBI mandatory rules. If the government changes in Central also affect them badly. I am only investing for Listing gain. Happy Investing.

@lokesh good bruh 😎

I have been alloted 2/2 in retail from ICICI.
not sure about 3rd Application from Zerodha UPI...
Feeling damn lucky...

No allotment from Zerodha UPI application as amount unblocked.. Strange...

How to check whether I was lucky in lottery or was saved by some UPI problem?

Got allotment 1/1.
If it list at discount, any chance for profit if i hold it for 6 months?

Allotted 2 lots in retail, 1 i will hold for longer and 1 i will sell on listing day monday, with whatever profit or loss.

@Lokes and All. Any Strategy will you recommend for People who have not applied for this IPO??

Your escorts buy back news opened is not correct. In future it's possible.

Open market offer for sale.

@NAND KISHORE PARWAL
@Asoke sarkar
Kubota coropration is buying Escort shares through OFF MARKET mechanism and not Buyback. The tentative schedule is given in the message sent to BSE and i could also get the newspaper publication through internet. However i do not know whether the same has been postponed.though it is very unlikely.
Messages to KFINTECH , the RTA for the offer remain unanswered.

If they will buy off market than you will receive email. They have to buy shares from non promoters to fill statury obligations. Wait for email.

19.6% is a good ER, expecting a good AR also (may be more than 60%)..

WHAT IS ER ?

@VSP Ji

ER or Entitlement Ratio
AR or Acceptance Ratio

Entitlement Ratio and Acceptance Ratio
These are two ratios that retail investors should be aware of.
The entitlement ratio is nothing but the ratio of shares a retail investor has offered in the buyback compared to the total number of shares held in the overall retail investor category.

Hence it is calculated as the total number of shares offered by investors at the close of the offer divided by the total number of retail shareholders. While retail investors are free to tender all the shares that they hold in the offer, it is not necessary that they will all be accepted.
The acceptance ratio represents how many shares the company will be able to accept in a buyback offer for e.g. every 100 shares tendered by shareholders.

SO, WILL ER FINALISED ON RECORD DATE ?

Amit ji,
Thank you very much for your encouraging views. Star Cements (tender offer), Balrampur Chini (open offer) n Nath Biogen (open offer)are the only Buybacks caused me to book petty losses. All others are beneficial. Thank you.

agree KSRK sir, I have provided my views against purchasing cement stocks (either ipo or buy back or otherwise ) many times in multiple forums.. one should avoid cement stocks.. there is nothing niche skill in cement technology..

Amit ji,
Had it happened to see your views, I would not have purchased. Anyway, let me learn also from such experiences. Hopefully looking forward to the current Buybacks. Thank you.

KSRK Ji. Are you Participating BuyingBack? How much value is invested and how much we can expect on buy back process. I am new to this process.

CSK JI,
1. Yes
2. I don’t want to share
3. Around 10%
If you are really n wholeheartedly interested to learn, please follow the posts in all the Buyback pages which may help you to understand better. Thank you.

@eagleye lagta he aapne mandi kiya he...!!

Nahi Chalak Lomdi Sir (m=58904)

I don't do neither Teji nor Mandi

I merely share my data & information

Unlikely to reach the projected subscription. By the way, what is d meaning of m=58904

@eagleye aapne cartrade me jo toofan laya tha ese hi ager kisi me toofan lane wale ho to thoda pahele se hint to dijiyega..😑

Chalak ji apply or not in ags??

Dear Eagle Eye, this is how is this calculated every time for GMP?

@Chalak Lomdi..u r lucky to have answer from Eagleye...his/her answer has no doubt...i think,,my personal views...

@ madhuri ji sorry for not replying ... bcs of some medical emergency 10 din se dhyan nahi tha... per short term aur listing gain ke liye apply layak nahi tha..😒

@simply yes she is humble and big big investor too.. 😋