| Market Cap (cr): | ₹108 | Book Value: | ₹41.8 |
|---|---|---|---|
| Lot Size: | 100 | 52 Week High: | ₹118.4 |
| 52 Week Low: | ₹ 8.4 | EPS: | -₹5.55 |
| Demat Account: | PB: | 0.12 | |
| Face Value: | ₹10 | Debt To Equity: | Approx. 2.16 |
| No Of Shares: | 12.1Cr (approx. 121Mn) | Url: | https://www.agsindia.com/ |
Overview :
AGS Transact Technologies Limited is a LISTED company. It completed its IPO and listed on NSE and BSE on 31 January 2022.
| Detail | Fact |
|---|---|
| Listing Date | 31 January 2022 — the first exchange listing of 2022 |
| IPO Issue Price | ₹175 per share |
| Listing Day | Listed at ₹175 (flat to issue price), then fell about 5% |
| Anchor Book | ₹204 crore allotted to anchor investors |
| Current Status | Traded on NSE and BSE |
What this means for you as an investor:
You do not need to buy AGS Transact through the unlisted/OTC market. The shares trade on the exchanges, which gives you:
- ✅ Live, transparent price discovery — no dealer-to-dealer price variation
- ✅ Immediate liquidity — buy and sell any trading day
- ✅ Full regulatory disclosure — quarterly results, shareholding patterns, corporate announcements
- ✅ No 6-month lock-in
- ✅ Lower transaction friction — no DIS, no CMR exchange, no counterparty risk
Simply open a demat and trading account with any broker and buy AGS Transact on NSE or BSE.
When would you contact Arms Securities about AGS Transact?
- You hold physical share certificates from before dematerialisation and need help selling or dematerialising them
- You are dealing with inherited or transmission cases
- You need a large block trade executed off-market
- You want to verify the current status of any AGS holding
- Company Overview
Call +91-8882245112 and we will advise honestly on the right route.
| Parameter | Details |
|---|---|
| Company Name | AGS Transact Technologies Limited |
| Listing | NSE and BSE — listed 31 January 2022 |
| IPO Price | ₹175 per share |
| Industry | Integrated Omni-Channel Payment Solutions |
| Customers | Banks and corporate clients |
What AGS Transact Does
AGS Transact Technologies is an integrated omni-channel payment solutions provider, offering both digital and cash-based solutions to banks and corporate clients across India.
The business spans two broad areas:
Cash-Based Solutions
- ATM deployment and management — installing, operating and maintaining ATMs for banks
- Cash management services — cash-in-transit, cash replenishment, vaulting
- Managed services — running entire ATM networks under outsourcing contracts for banks
Digital Payment Solutions
- Point-of-Sale (POS) terminals for merchants
- Digital payment infrastructure and processing
- Merchant solutions including payment acceptance technology
- The IPO Story — What Investors Should Learn From It
The strategic position: AGS sits at the intersection of India's cash economy (which remains large despite digitisation) and its digital payments boom. Banks outsource ATM management to specialists like AGS to reduce cost and complexity — creating recurring, contracted revenue.
AGS Transact's listing was notable and instructive:
- It was the first exchange listing of 2022, ahead of a pipeline that included the LIC IPO
- Shares listed at ₹175 — exactly the issue price — and then declined about 5% on debut
- Analysts attributed the muted debut to weak valuations and intense competition from peers
- Sector Context — The Business Environment
The lesson for unlisted-share investors: a company reaching IPO is not automatically a profitable outcome for pre-IPO buyers. AGS listed flat and fell. Anyone who had bought in the grey market above ₹175 was underwater from day one.
This is precisely why Arms Securities emphasises entry price discipline on every pre-IPO opportunity — the IPO is a liquidity event, not a guaranteed profit event.
Structural tailwinds:
- India's ATM density remains well below global averages, particularly in semi-urban and rural areas where RBI has encouraged expansion
- Cash in circulation in India has continued growing in absolute terms despite digital payments growth
- Bank outsourcing of ATM operations continues, favouring specialist operators
- Digital payments (UPI, cards, POS) are expanding rapidly, and AGS participates through its POS and merchant solutions business
Structural headwinds:
- UPI has fundamentally changed Indian payments — reducing the growth rate of both cash withdrawal and card-based POS transactions
- Interchange and MDR economics are regulated and periodically compressed
- Intense competition from other ATM managed-service providers and payment companies
- Analysts flagged weak valuations and competition at the time of listing — concerns worth revisiting in current financials
- What to Check Before Investing
Because AGS Transact is listed, you have access to full public disclosure. Before investing, review:
- Latest quarterly and annual results on NSE/BSE and the company website
- Revenue mix — cash-based versus digital, and how each is trending
- ATM count and contract renewals — the core recurring revenue driver
- Debt levels — ATM deployment is capital-intensive
- Margins and cash conversion
- Shareholding pattern — promoter holding, pledges, institutional interest
- Any corporate governance disclosures or auditor observations
- Buying or Selling AGS Transact Shares
This information is freely available — which is a genuine advantage over unlisted companies where you must request filings and often work with incomplete data.
To buy on the exchange (recommended): Open a demat and trading account with any SEBI-registered broker and buy AGS Transact on NSE or BSE during market hours. You get live pricing and immediate settlement.
When to contact Arms Securities:
| Situation | How We Help |
|---|---|
| You hold old physical certificates | We authenticate, value, and assist with dematerialisation or sale |
| Inherited shares / transmission | We guide the documentation process (death certificate, succession papers, PAN, bank proof) |
| Large block trade | Off-market execution for institutional-size quantities |
| Status verification | We confirm current listing and trading status of any holding |
Arms Securities has specialised in physical share certificates, delisted shares, and legacy holdings since 1990 — services very few dealers in India provide.
? Call/WhatsApp: +91-8882245112 | ? contact@armssecurities.com
Physical share assistance → | Off-market share transfer →
FAQs — AGS Transact Technologies
Q1. Is AGS Transact Technologies listed or unlisted?
AGS Transact Technologies is LISTED. It completed its IPO and listed on NSE and BSE on 31 January 2022 at an issue price of ₹175 per share — the first exchange listing of 2022. You can buy and sell it through any regular stockbroker with full exchange liquidity.
Q2. Can I still buy AGS Transact unlisted shares?
Since the company is listed, there is generally no reason to buy through the OTC market — exchange purchase gives you better pricing transparency, immediate liquidity, and no lock-in. Contact Arms Securities at +91-8882245112 only if you hold physical certificates, are handling an inheritance/transmission case, or need a large off-market block executed.
Q3. What does AGS Transact Technologies do?
It is an integrated omni-channel payment solutions provider, offering both digital and cash-based solutions to banks and corporate clients. Its business includes ATM deployment and management, cash management services, managed services for bank ATM networks, POS terminals, and digital payment infrastructure.
Q4. How did the AGS Transact IPO perform?
The IPO listed on 31 January 2022 at ₹175 — exactly its issue price — and then declined about 5% on debut. Analysts attributed the muted listing to weak valuations and intense competition from peers. The company had allotted ₹204 crore worth of shares to anchor investors ahead of the issue.
Q5. What is the lesson from the AGS Transact IPO for pre-IPO investors?
That reaching IPO does not guarantee profit. AGS listed flat and fell — meaning grey-market buyers who paid above ₹175 were immediately underwater. Entry price discipline matters more than IPO excitement. Always anchor your pre-IPO entry to fundamentals, not to listing anticipation.
Q6. I hold old AGS Transact physical share certificates. What should I do?
Contact Arms Securities at +91-8882245112. We specialise in physical share certificates — we will authenticate your certificates, verify the current status, and assist with either dematerialisation (so you can sell on the exchange at market price) or a direct sale, whichever suits you better.
AGS Transact Technologies Limited Unlisted Shares
Financials
| Particulars | Y202403 | Y202303 | Y202203 | Y202103 | Y202003 |
| Total Revenue | 1093.704 | 1238.783 | 1332.036 | 1407.095 | 1481.977 |
| Total Expenses | 1216.282 | 1220.632 | 1413.489 | 1305.987 | 1357.558 |
| Profit After Tax | -66.985 | 14.877 | -88.624 | 70.087 | 89.893 |
History of AGS Transact Technologies Ltd
AGS Transact Technologies Limited was incorporated on 11 December, 2002 as AGS Infotech Private Limited. The name of the Company was changed to AGS Transact Technologies Private Limited on 03 June, 2010. The Company was then converted into a Public Limited and its name was changed to AGS Transact Technologies Limited on 20 July, 2010. The Company is in the business of supplying, installing and managing technology-based payment solutions, automation products and providing related services to its customers in Banking, Petroleum, Colour and Retail sectors. The Company also provides complete ATM Outsourcing, Intelligent Cash Deposit (ICD), ATM Managed Services, Digital payment services which includes toll and transit solutions, services through point of sale (POS) machine, transaction swit ching and processing services to various banks, financial institutions and other companies. The Company's customers include SBI, Axis Bank, Dena Bank, Dhanlaxmi Bank, HDFC Bank, Union Bank, ICICI Bank, Future Group, Carrefour, Asian Paints, Berger Paints, L&T, HPCL, amongst others. In 2004, the Company commenced banking automation solutions in India; it commenced ATM outsourcing & managed services in 2009; in 2016, it commenced ATM manufacturing at Daman; it expanded offerings into digital payments by enhancing digital payment platform and Software-as-a-Service capabilities in 2014. The Company introduced AGS QR Cash, India's first QR-based cash withdrawal feature on ATMs and pioneered Integrated Payments Solution (IPS) for OMCs in 2019. It further introduced an Asia-Pacific payment innovations forum Paynnovate' along with Novus Technologies, to promote advancement in 2020. As of 31 August 2021, Company had installed, maintained or managed a network of approximately 72,000 ATMs and CRMs, provided cash management services to 46,214 ATMs through SVIL, installed 221,066 merchant POS and approximately 46,800 cash billing terminals, automated approximately 17,924 petroleum outlets and installed approximately 88,521 colour dispensing machines. The Company made an Initial Public Offering of 38,857,141 Equity Shares by raising capital from public aggregating to Rs 680 Crore through Offer for Sale in January, 2022. The Company launched Ongo Open-loop Cobranded Prepaid Cards with a leading Indian FMCG conglomerate in 2024.
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Also Read: Physical & Demat Share Assistance | Off-Market Share Transfer | Pre-IPO Shares Guide
+91-8882245112 | contact@armssecurities.com | www.armssecurities.com
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Frequently Ask Question
Have Your Any Question?
Open a demat account with a SEBI-registered broker, search for AGSTRA (NSE symbol), and place your buy order through the platform or via the OTC/pre-IPO market for unlisted shares.
You can sell through the stock exchanges (if listed) or via an off-market Delivery Instruction Slip (DIS) through your depository participant if dealing with unlisted/lock-in shares.
If bought before IPO, SEBI mandates a 6-month lock-in from the listing date. For secondary market shares, there is typically no lock-in.
You can buy from NSE/BSE, or for unlisted/pre-IPO shares via registered brokers and platforms like Arms Securities.
Fill a Delivery Instruction Slip (DIS) with the buyer’s DP details and submit to your depository participant. The broker/depository will transfer shares from your demat account.
Yes, investing in both listed and unlisted shares via SEBI-registered intermediaries is completely legal.
Gains from shares held less than 12 months are taxed as short-term capital gains at 15%. Long-term capital gains (held >1 year) above ₹1 lakh are taxed at 10% without indexation.
SEBI regulates the intermediaries and overall market framework, but unlisted share transfers themselves follow provisions of the Companies Act and SEBI’s rules for Pre-IPO/OTC trades1.
Arms Securities sources from employees, early investors, existing holders, and networks of promoters and institutional participants.
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