AGS Transact Tech IPO : Files DRHP with SEBI

by khalid on 04/10/2010 · 0 comments

AGS Transact Technologies, one of the leading system integrators in the business of touch point transformation, a business that transforms the way a customer interacts with the service provider enabling efficient delivery of their products and services. The company has informed the market(BSE) that they have planning to enter capital markets with its maiden public issue of 62,50,000 equity shares of Rs 10 each. The company has filed a Draft Red Herring Prospectus (DRHP) in Sep 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO price band has not been decided yet. The Issue, which will be through a 100% book building process, shall constitute 25% of the post-issue paid up equity capital of the Company.

The proceeds of the issue would be deployed for setting up and deploying 1,541 ATMs in accordance with their contract with Axis Bank. AGS also aims to set up a 24X7 command and support center. The company plans to set up cash management branch offices in six cities.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book running lead managers to the issue are Avendus Capital Private Limited and YES Bank Limited.

Registrar of the Issue : Link Intime India Private Limited, Mumbai.

Stay tuned to BelltheBull Blog for more on AGS Transact Tech IPO !

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: