AGS Transact Technologies – a well-known payment solutions provider has filed draft papers with the Securities and Exchange Board of India (Sebi) – a markets regulator to file an IPO worth INR 1,000 crore.

The initial share sale of AGS comprises a fresh issue of shares worth up to INR 400 crore and an offer for sale aggregating up to INR 600 crore by the shareholders (existing), as per the draft papers submitted to Sebi.

The proceeds will be utilized for the payment of loans & other general corporate purposes. This is the third effort to hit the market. Earlier AGS has filed the papers in 2015 and yes, received go-ahead signal as well but couldn’t walk as per plan. Prior to that, the company had filed papers in 2010 but couldn’t launch the IPO.

ICICI Securities, HDFC Bank, Axis Capital, Nomura Financial Advisory & Securities (India) Pvt Ltd, IIFL Holdings and IndusInd Bank.