AGS Transact Technologies IPO sees 1.68 times subscription, QIB portion booked 49% on final day

AGS Transact Technologies IPO | The company is available at the upper end of the IPO price band, at 38.5x its FY21 earnings. The issue is priced at a price-to-book value of 3.7 based on its NAV of Rs 47.1, with a market cap of Rs 2,106.9 crore, which we believe is quite reasonable, says Anand Rathi.