AGS Transact Technologies Ltd IPO Message Board (Page 7)

@Eagleye Mam, Welcome back after a long gap. Thanks a lot for the information.
Please continue with your regular updates and valuable analysis for all upcoming IPOs.

Does IDFC bank allow third party ASBA?

@bob is not allowed for third party please check

@ Learner SK
I use Federal Bank.
I tried to apply for 3rd party ASBA but did not find anything there.
Can you please share the steps?

New Year Wishes to All. First IPO for the year. Hope not to disappoint you all. I can see many people copy messages from the CMS page to AGS Page here. No worries at all. Missed CMS apply in the IPO. I will Apply here. Theme Technology, Digital never disappoint us. Rate gain also rocking nowadays. No worries.. Let's apply FF.

The queen is back.we are eagerly waiting
for u madam.

AGS Transact Technologies IPO – Schedule *(Final – Pg #404 of RHP)*

14th Jan – Announcement of Price Band
18th Jan – Anchor Investors Allotment
19th Jan – Offer Opens
21st Jan – Offer Closes
27th Jan – Finalisation of Basis of Allotment
28th Jan – Unblocking of ASBA Accounts
31st Jan – Credit of Equity Shares to Depository Accounts
01st Feb – Commencement of Trading


AGS Transact Technologies IPO – Issue Information *(Final)*

Issue Opens on: 19 January 2022
Issue Closes on: 21 January 2022
Issue Type: Book Built Issue IPO
Issue Size: 3,88,57,141 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.166 – Rs.175 Share
Discount: NIL
Market Lot: 85 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 12,03,92,576 Shares
Fresh Issue of NIL Shares @175/- = Rs. NIL Crs
Offer for Sale of 3,88,57,141 Shares @175/- = Rs.680Crs
Equity Shares outstanding after the Issue = 12,03,92,576 Shares

Category-wise Break up:
Anchor – 1,16,57,141 Shares = 204Crs
QIB – 77,71,428 Shares = 136Crs
NII – 58,28,572 Shares = 102Crs
RII – 1,36,00,000 Shares = 238Crs (Lot size: 85 = 1,60,000 Forms)
Total Issue – 3,88,57,141 Shares = 680Crs.

Subscription required for 1X
RII = 1,60,000 Forms
NII = 102 Crs


AGS Transact Technologies IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated January 11, 2022 (473 pages)

EPS for FY18-19 >>> Rs 5.58 (Page #108 of RHP)
EPS for FY19-20 >>> Rs.7.00 (Page #108 of RHP)
EPS for FY20-21 >>> Rs.4.62 (Page #108 of RHP)
EPS for 5M21-22 >>> Rs.(1.53) (Page #108 of RHP)

RoNW for FY18-19 >>> 15.91% (Page #109 of RHP)
RoNW for FY19-20 >>> 16.70% (Page #109 of RHP)
RoNW for FY20-21 >>> 10.29% (Page #109 of RHP)
RoNW for 5M21-22 >>> (2.87)% (Page #109 of RHP)

NAV as on August 31, 2022 was Rs.45.85 (Page #109 of RHP)

Listed Industry Peer Group (Page #109 of RHP): NONE

GMP fall from 21 to 15.

Now, GMP futher fell to 11.

Paytm now 3 digits.policy bazaar down 7
Percentage today.

Listing on budget day.market may be hugely
Volatile on budget day.

Valid point, Dalal ji. Choice of 1st Feb can be tricky.

Avoid 100%. But less chance of listing gain

A Complete No.

Very low margins and huge debt. Stay away.
This is another PayTM.

Another cartrade too seems

Don't forget windlass also

seems everyone hungry for IPO, getting subscribed fully first day itself!! all financial took back seat😁😁😁

Price band is attractive too.

No other IPO since many days and also in immediate future. So people became crazy even if GMP is 5% which may be negative around listing.

GMP will increase according to subscription figure....

Anchor
https://www1.nseindia.com/content/ipo/ANCHOR_AGSTRA.zip

It's reasonable, even if not great.

I'm still pessimist about this IPO, however allotment to Quant Mutual Fund attracts the eye. Quant equity funds have been giving good returns over the years.

Hi All ,

Had recently posted msg highlighting potential red flags in the company. All the points were factual and from RHP. Despite the same the post has been removed. Posting it again for everyone''s benefit

Company has a very weak margin profile. Company made a loss of INR 18 crs in 5 months FY 22 and had a very low profit margin of ~3% in FY 21

· Very high levels of debt – Company currently has almost 1250 crs. of debt for a revenue of INR ~1700 Crs. Most of the proceeds of the IPO will be used to retire some of the debt and not for any future growth of the company. Even after paying off some part of debt company still will have ~700 crs. of debt against a net worth of only 540 Crs

· The listed NCD has a very high threshold IRR of 18.75% indicating very low credit worthiness of the company

· The company and its subsidiaries GST registration for many states have been cancelled on account of nonpayment of GST dues. The company has still not applied for activation of GST licenses indicating severe issues on working capital and also issues on corporate governance. The total outstanding liabilities as on Aug 31st 2021 was INR 70 Crs + which translates to GST on ~4 months’ revenue

· Bank of India in its letter dated December 8 2020 permanently debarred AGS and its subsidiaries from participating in BOI’s future processes for selection of service providers, cancelled a purchase order dated October 31, 2020 and forfeiting a bid security amount of Rs 10 million

· RBI in Mar 2021 revoked company’s license to deploy, owning and setting up WLA ATMs on account of non-compliance of terms and conditions of license

· Large number of statutory and regulatory cases – The company had 24 regulatory and statutory proceedings outstanding indicating high level of non-compliance. In addition to this company also has 35 outstanding tax litigations amounting to ~290 Crs

· Outstanding trade payables of ~INR 400 Crs + for 5 months FY 22 on a revenue base of INR 750 Crs indicating severe stress on Working Capital

Eye opener for many wholehearted blind bhakts seems

Kisi v co. me ye sab hota ai..its part n parcel. daam demand supply pe depend krte ai..🤔

Going by the GMP, I am avoiding this IPO. I may revisit my decision if Retails stays under 2x on final day, which doesn't seem possible, as of now.

Not worth applying ,
i will skip this issue , and check for inter day gains on listing

Let's see how many people changes their view if QIB jump on last day.
Absolute silence from biggies.
Nothing impressive in fundamental of company but Anchor book has created some intrest.
Chemplast was also avoided and neglected but it made decent gain.
Whenever there is excess pessimism and Anchor & QIB have different views then there is no harm to board the train in fewer qty for short term.

Btw typical pre budget panic in market seems
.....
SUBSCRIPTION FIGURE UPDATED AS ON 10:31 AM
Issue Opens19 Jan 2022Issue Closes21 Jan 2022
Price Band :Rs.166 - Rs.175Bid Lot :85 Shares
Category      No.of Shares Offered/reserved at      No.of shares bid for      No.of Times Subscribed
Lower Band      Upper Band      Lower Band      Upper Band
Qualified Institutional Buyers(QIBs)*      81,92,770      77,71,430      0      0.00      0.00
Non Institutional Investors      61,44,578      58,28,571      3,740      0.00      0.00
Retail Individual Investors(RIIs)      143,37,348      136,00,000      18,69,065      0.13      0.14

Kuchh nehi he samzho, lekin khela hobe !

😀😀😀😂

Company fundamental looks average but intresting anchor book intresting including Abakkus and Quant fund which have record of picking dark horses.