About the Company:
AGS Transact Technologies is one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology.
Company provides customised products and services comprising ATM outsourcing and cash management, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets.
As of March 31, 2018, Company was the second largest company in India in terms of number of ATMs managed, revenue from ATM managed services and number of ATMs provided with cash management services, and the fourth largest company in India in terms of revenue from cash management
Company’s International Operations:
Company derived 97.4% of their revenues from India and around 2.6% from International operations.
Company has expanded internationally to offer automation and payment solutions to banks and financial institutions in other Asian countries such as Sri Lanka, Singapore, Cambodia, and Philippines.
Nationwide Service Infrastructure:
As of June 30, 2018, Company is servicing approximately 235,000 customer touch points covering approximately 2,200 cities and towns through 33 branch offices, 307 vaults and spoke locations.
(Company’s Subsidiary) Securevalue India Ltd (SVIL):
As of June 30, 2018, Company had installed, maintained or managed a network of approximately 72,000 ATMs, provided cash management services to approximately 28,900 ATMs through their subsidiary, Securevalue India Ltd (SVIL).
Company has also installed approximately 71,000 merchant POS and 37,000 cash billing terminals, automated approximately 8,000 petroleum outlets and installed approximately 54,000 colour dispensing machines.
Partnership with Leading Global Technology Providers:
Company has a long-standing relationships with leading global technology providers, such as Diebold Nixdorf and ACI.
Company currently has cooperation agreements with Diebold Nixdorf, under which AGS Transact Technologies Ltd assemble ATMs and cash dispensers in India.
Company’s Infrastructure Facilities:
Company has approximately 47,044 square feet facility at Daman where they assemble, stage and conduct the testing of ATMs and other products.
The Daman facility has the capacity to manufacture up to 1,500 ATMs every month. The facility also acts as a warehousing facility for their ATMs.
Company’s Business Segments:
- Payment Solutions.
- Banking Automation Solutions.
- Other Automation Solutions (for customers in the retail, petroleum and colour sectors).
Payment Solutions Business:
Company’s Payment Solutions segment comprises ATM outsourcing and managed services, cash management services, Intelligent cash deposit machines (iCDs), transaction switching and digital payment solutions, merchant solutions, automatic vehicle fuelling (or Fastlane), toll and transit solutions and agency banking.
Company’s customers in the Payment Solutions segment include ICICI Bank Ltd, Axis Bank Ltd, HDFC Bank Ltd, RBL Bank Ltd, BTI Payments Private Ltd, Hindustan Petroleum Corporation Ltd, Indian Oil Corporation Lt, Lanka IOC, Utkarsh Small Finance Bank Ltd, Ly Hour Pay Pro and DaraPay (Cambodia)
As of June 30, 2018, Company’s portfolio consisted of 13,329 ATMs and 24,323 ATMs under their outsourcing and managed services businesses, respectively.
They provide cash management services through a fleet of 1,323 cash vans, and 307 vaults and spoke locations, covering approximately 1,400 cities and towns in India.
Banking Solutions Business:
Banking Automation Solutions business segment, which commenced in 2004, comprises the supply and installation of ATMs and other automated banking products and the provision of services, including maintenance, software and hardware upgrades and spare parts.
As of June 30, 2018, Company had supplied and installed approximately 54,000 ATMs and have approximately 50 banking customers, including ICICI Bank Limited, Axis Bank Limited and HDFC Bank Limited.
Automation Solutions Business:
Automation Solutions business segment encompasses the retail, petroleum and colour operations.
As part of Other Automation Solutions segment, they supply automation products and provide implementation services, system integration, remote management and support and help desk services.
Customers for the retail sector offerings include Future Retail Limited,while customers for their petroleum sector offerings include HPCL and IOCL.
Company’s colour operations primarily comprise the supply of automatic paint dispensers and related services, and serve customers including Kansai Nerolac Paints Ltd and Berger Paints India Ltd.
Management Team:
- Mr. Ravi B. Goyal (Designation: Chairman and Managing Director)
- Mr. Badrinarain K. Goyal (Designation: Non-Independent, Non-Executive Director)
- Mrs. Anupama R. Goyal (Designation: Non-Independent, Non-Executive Director)
Peer Group Comparison:
There are no listed companies in India that engage in a business similar to that of AGS Transact Technologies Ltd. Hence, it is not possible to provide an industry comparison in relation to the Company.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 950.93 | 1187.41 | 1226.01 | 1352.25 | 1495.37 |
| Net Profit | 4.3 | 16.41 | (-17.39) | (-21.52) | 6.32 |
Competition in the Business:
The level of competition in the ATM, cash management and PoS sectors in India is considerably high.
The charge of services by service providers fluctuates on regular intervals. This is largely done in order to remain competitive in the market. That’s the reason you see company is operating on wafer thin margins.
Competition Scenario in India’s Cash Management Services Market:
The market of cash management services in India is moderately fragmented. There are few players which have global presence while some of the players are in plans to expand themselves on a PAN India level.
Brink‘s Arya, CMS Infosystem, Logicash, Radiant Cash, Securevalue, SIS Prosegur and Writer Safeguard are the major players which constitute around 80% of the overall cash management market.
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | Will be Updated |
| Issue Closes on:. | Will be Updated |
| Issue Price | Will be Updated |
| Face Value | Rs.10 |
| Minimum Lot | Will be Updated |
| Minimum Investment | Will be Updated |
| Issue Constitutes | Will be Updated |
| Issue Size | Will be Updated |
| Market Cap | Will be Updated |
| Listing at | NSE & BSE |
| Equity Shares Offered | Will be Updated |
| Equity Shares Prior to the Issue | 12,03,92,576 |
| Equity Shares after the Issue | Will be Updated |
Important Dates:
| Finalization of Basis of Allotment | Will be Updated |
| Initiation of Refunds | Will be Updated |
| Credit of Equity Shares: | Will be Updated |
| Listing Date: | Will be Updated |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 00:00) | Shares Offered | Day-1 | Day-2 | Day-3 |
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IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.53 | TBA | 1.57% | 33.93 |
| Check IPO Allotment Status: |
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Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Find the List of Upcoming IPOs in 2019: |
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Upcoming IPOs in 2019 (Click on the below Link)https://UpcomingIPOs-in-India-2019 |
| Company Contact Info: |
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| AGS Transact Technologies Ltd 601-602 Trade World, B Wing Kamala Mill Compound Senapati Bapat Marg, Lower Parel Mumbai 400 013 Maharashtra, India Tel: +91 22 6781 2000 Email: ipo@agsindia.com Website: www.agsindia.com |
| IPO Registrar Info: |
|---|
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 Fax: + 91 22 4918 6195 Email: ags.ipo@linkintime.co.in Website: www.linkintime.co.in |
