AGS Transact Technologies IPO
AGS Transact Technologies Limited (AGSTRA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 31 January 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +2.7% (likely range -14% to +20%), day's high +11.0%, chance of a gain 50%. Actual: 0.0% at the open, +3.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 81,92,770 | 2,19,42,750 | 2.68x | |
| NII (HNI) total | 61,44,578 | 15,73,82,940 | 25.6x | |
| Retail | 1,43,37,348 | 4,41,48,575 | 3.08x | |
| Total | 2,86,74,696 | 22,34,74,265 | 7.79x |
Bids on NSE and BSE together, as published by NSE, as of 21 Jan 2022, 05:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to AGS Transact Technologies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| HPL Electric and PowerSep 2016 | 5.77x | 22.2x | 3.31x | 8.06x | ₹417 Cr | -5.9% | -2.0% |
| Fine Organic IndustriesJun 2018 | 12.9x | 21.0x | 1.62x | 8.99x | ₹600 Cr | +4.1% | +6.5% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
| RateGain Travel TechnologiesDec 2021 | 8.42x | 42.0x | 8.08x | 17.4x | ₹1,336 Cr | -15.3% | -9.9% |
| Apex Frozen FoodsAug 2017 | 1.91x | 7.82x | 8.53x | 6.14x | ₹152 Cr | +15.4% | +21.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| HDFC Bank | 16 | +15.8% | 75% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the AGS Transact Technologies IPO price band and lot size? ₹166–175 per share, with a lot of 85 shares, so the smallest retail bid is ₹14,875.
How many times has it been subscribed? 7.79x overall: QIB 2.68x, NII 25.6x, retail 3.08x.
How did it list? It opened at ₹175, +0.0% against the issue price of ₹175, and closed its first day -8.0%.
