AGS Transact Technologies Ltd IPO Message Board (Page 5)

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!

@Neolongus please post your detailed reviews on adani wilmar ipo on that respective page for both listing gain and long term purpose.

The Crow Verdict: You might think AGS Transact is another cash management company but it is not merely one. It is the only company that provides A-Z ATM and cash management. This means logistics, building those ATMs, handling cash, interacting with banks and payments providers. Add to that the POS business, albeit a small part, but which makes it not entirely a business that is involved in cash. I like to see it more of a competitor to if Pine Labs married CMS or SIS Prosegur. Since Pine is looking to list overseas, it then makes sense to compare AGS with CMS and SIS Prosegur. (I was critical of CMS and had not applied.)

The comparison doesn't look good when you consider valuations and financials. For one, AGS is neck deep in reputation mismanagement and debt. Part of this 680 cr OFS is supposed to clean up that image and pay for outstanding NCDs. And I am not even considering the recently recorded losses. Also, CMS and SIS are trading at P/E of 27 and 18 respectively. AGS is demanding 38. There goes the listing pop if you are thinking about it.

But that does not mean it may not do well on the bourses. Although in the cash business, AGS is big enough to survive in the short-to-midterm. It has favourable prospects from the industry, thanks to its global partnership with Diebold and some (4%) exposure to other Asian countries.

All of this makes me on the fence with this issue. That is where GMP and subscription may help. As it looks, this issue does not look attractive to me. But if the GMP shoots beyond 50 and QIB goes beyond 30x anytime in the next 2 days, I will apply with full force i.e. 3 retail applications.

Red flags - 6 out of 11. Keep crowing!

Update re 1.45 PM on 3rd day -

Red flags - 8 out of 13. QIB Is unlikely to cross 30x. With GMP less than 10% of issue price, this seems like a risky scrip. Plus, something that will further irritate this counter come listing day is the budget speech on 1 Feb. If market rallies like in 2021, we could see an upward trend. If not, discount listing is possible. Have to note that CMS had a flat listing so it was possible to sell that off at zero loss/some profit on listing day.

I am skipping ASBA. Will apply via UPI on retail to get 1 lot. This is a high risk IPO.

Took some risk and applied for 1 retail lot. PB Fintech, ABSL AMC, Sansera, Chemplast, CarTrade, and KIMS recently all had app wise retail subs around 2.5. So, to avoid getting 2 lots, applied only for 1. If I get a lot, good. If I don't, good too.

Can anyone advise how many times aaplication wise in Retail?

Assalamwalaikum bhai.

2.77 not accounting for mandate cancellations.

2 upi based applications made.

@K.Atar
Maidan khali he , mot bhulo !

@Asoke Sir,
Yeah, its on the back of the mind.

Thanks Sir.. 🙏🙏🙏

Chalak Lomdi ji apply or not in ags.

Thanks

Applied 6 UPI retail applications

Congratulations 🎊

GMP: 6

It's 10

Thanks

Current gmp??

No GMP

AGS Transact Technologies IPO

LAST Day at 5:15PM

The following data is assuming the shares will be issued at @175/- (upper price band)

QIB*: 2.82X (*Excluding Anchor)
NII: 27.00X
RII: 3.25X
Total: 8.22X

*RII Applications: 4.43L* Approx
No. of Applic-wise: 2.77X

Applied 4 retail applications, 2 done via asba and 2 via upi to accept mandate later.

@Share Tiger
Sintex may follow foot steps of Lakshmi Vilas Bank and Dewan Housing Finance Corporation (DHFL).

They have received a total of 4 bids
1. Reliance Industries-ACRE
2. Easygo Textile Pvt Ltd (Welspun Group unit)
3. GHCL Ltd
4. Himatsingka Ventures Pvt Ltd.

Former two are the highest bidders and both resolution plan offers writing down existing equity to zero.

Hence Sintex is in continuous LC. Though shareholders had demanded for fresh bids, but still it is a risky affair.

In search of new Ruchi Soya people are getting DHFL or LVB.

I have attached few articles u may refer them. Also not following this stock but i have read about this news hence commenting.

https://www.moneylife.in/article/sintex-industries-shareholders-demand-fresh-bids-since-media-leak-violated-principle-of-confidentiality/66129.html

https://www.businesstoday.in/latest/corporate/story/sintex-industries-clarifies-on-report-of-reliance-acre-welspun-to-buy-firm-318657-2022-01-11

https://m.economictimes.com/markets/stocks/news/last-years-3-bagger-sintex-inds-share-price-may-drop-to-zero/articleshow/88875535.cms

@lokes sir , ok will take care of ur words in the future,,, please anyone senior ,,, who can guide me on SINTEX INDUSTRY

Looking at subs now, the hni is almost 17x and retail is almost 3x..!

Are we missing something to read in between.

@helloo
Amount will get unblocked before AWL issue close only if no allotment in AGS ;-)

@ Hello ji,
you are right, it can go either way. but let's be hopeful/positive.

*govt fears the slowdown in rural economy so hopefully it will do something to put more money in hands of common folks to increase spending and support them by some budgetary measures more than existing one (mnrega like).
*Not an economist but lets c.

7 Buyer.....

Thanks

AGS Transact Technologies IPO

LAST Day at 3:50PM

The following data is assuming the shares will be issued at @175/- (upper price band)

QIB*: 2.82X (*Excluding Anchor)
NII: 26.59X
RII: 3.17X
Total: 8.09X

*RII Applications: 4.34L* Approx
No. of Applic-wise: 2.71X

Mam apply or not in ags??

Strictly avoid this ipo.
Save your valuable money.

Thanks sir ji
Any stock recommendations??

AGS Transact Technologies IPO

LAST Day at 3:15PM

The following data is assuming the shares will be issued at @175/- (upper price band)

QIB*: 2.57X (*Excluding Anchor)
NII: 20.70X
RII: 3.08X
Total: 6.71X

*RII Applications: 4.20L* Approx
No. of Applic-wise: 2.63X

Hello upi based applicants,

Which is the last date where we should accept the mandate inorder to complete application?
I am planning to apply and accept mandate on the basis of sub figure.

24th January (Monday) before 11:59am

ya typo mistake :) its 11.59am means upto 12pm ideally.

Current gmp apply or not??

Current gmp 7

Smart investors applying in hni in Ahmedabad . surprise listing?

Applied in CMS info due to nice financials, fairly priced, good allotment chances so got allotted n booked profit at 305.

But I’m not applying in AGS Transact Technology. Not looking good so simply avoiding.

Financials of CMS were alluring....I got 5 still holding 3..I don't see such thing in AGS and I think it will list at +/- 5% offer price... I AM NOT APPLYING...

I am also skipping the ipo.. I am holding CMS Info from ipo allotment.. not interested in AGS as not convinced in financials also holding CMS info from same sector..

btw few vested interest members started campaigning for the ipo.. ask them were were they during CMS info ipo ? but take your own decision to apply or not ...

AGS Transact Technologies IPO

LAST Day at 2:35PM

The following data is assuming the shares will be issued at @175/- (upper price band)

QIB*: 2.52X (*Excluding Anchor)
NII: 17.76X
RII: 2.90X
Total: 5.97X

*RII Applications: 3.96L* Approx
No. of Applic-wise: 2.48X