AGS Transact Tech sets IPO price band at Rs 166-175/share

Payment solutions provider AGS Transact Technologies on Friday fixed a price band of Rs 166-175 a share for its initial public offering (IPO). The three-day initial share-sale will open on January 19, and conclude on January 21. The bidding for anchor investors will open on January 18, according to the company.

The company has cut the size of its public issue to Rs 680 crore, from Rs 800 crore planned earlier. The public issue is purely an offer-for-sale (OFS) of equity shares by a promoter and other selling shareholders.

As a part of the OFS, promoter Ravi B Goyal will now sell shares worth up to Rs 677.58 crore. Earlier, he was looking to offload shares to the tune of Rs 792 crore.