AGS Transact Technologies IPO: How good is it?

In our story, AGS Transact Technologies IPO: Information analysis, we have shared the key details of the IPO, along with important information about the company. Here we will answer some questions about AGS Transact Technologies and evaluate it on parameters like management, financials, valuations, etc. IPO questions The company/business 1) Are the company's earnings before tax more than Rs 50 crore in the last 12 months? Yes. The company's earnings before tax stood at Rs 82 crore for FY21. 2) Will the company be able to scale up its business? Yes. By focusing on growing its digital payment solutions business and being the second-largest ATM managed services and cash management company, it will be able to scale up its business. 3) Does the company have recognisable brands truly valued by its customers? Yes. Even though brand recognition does not hold much significance in the B2B segment, the company has been able to gain a reputation among its customers. 4) Does the company have high repeat customer usage? Yes. The company enters into contracts with its customers, typically three to ten years. 5) Does the company have a credible moat? Yes. The company's moat stems from its large scale of operations and nationwide service infrastructure. 6) Is the company sufficiently robust to major regulatory or geopolitical risks? Yes. The company is sufficiently robust to significant regulatory or geopolitical risks. 7) Is the company's business immune from easy replication by new players? Yes. Being the second-largest outsourced ATM mana