AGS Transact Technologies IPO subscribed 88% on opening day

The IPO of AGS Transact Technologies, a payment solutions provider, garnered 88 per cent subscription on Wednesday, the first day of the issue. A day earlier, the company had allotted shares worth Rs 204 crore to anchor investors at Rs 175 per share. The price band for AGS’s IPO is Rs 166-175 per share. At the top-end, the company is valued at Rs 2,107 crore. The IPO consists of a secondary share sale amounting to Rs 680 crore. As of March 31, 2021, AGS was the second largest company in the country India in terms of revenue generated from ATM