AGS ends below IPO price on debut

Mumbai: Shares of omnichannel payment solutions provider AGS Transact Technologies ended below its IPO price on its listing day on Monday after a flat debut on the bourses. The stock closed at ₹161.30 on the BSE, which is 7.83% below its IPO price of ₹175 per share. Earlier in the day, the stock had listed at ₹176 per share.

Analysts had expected the stock to make a lacklustre debut due to higher valuations, poor market sentiment and intense competition from peers.