AGS Transact Technologies files IPO with SEBI to raise up to Rs 1,350 crore

27 Mar 2015 Evaluate

AGS Transact Technologies has filed papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise up to Rs 1,350 crore through an initial public offering (IPO). This is the company’s second attempt to hit the capital market.

The firm would garner up to Rs 400 crore by issuing fresh equity shares, while private equity firm TPG Capital, Oriole and the company’s promoter Ravi B Goyal would rake in up to Rs 950 crore through the sale of existing shares.

Besides, the ATM outsourcing and payments company is planning to sell shares worth up to Rs 200 crore through pre-IPO placement. The proceeds of the issue would be utilised towards repayment of loans and general corporate purposes.

The issue is being managed by Axis Capital, Citigroup Global Markets India, HDFC Bank, ICICI Securities and Kotak Mahindra Capital Company. Earlier, AGS had filed initial papers with SEBI in 2010 to float an IPO. However, the company did not go-ahead with the plan.

AGS Transact Tech Share Price

79.99 0.41 (0.52%)
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Peers
Company Name CMP
Syngene Internation. 869.40
Sagility India 28.03
AGS Transact Tech 79.99
Just Dial 1073.50
Krystal Integrated 643.20
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