B.A.G.Convergence IPO
B.A.G.Convergence IPO
Overview
B.A.G.Convergence Ltd. is a book build issue of ₹48.72 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹48.72 crore. B.A.G.Convergence IPO opens for subscription on Sep 30, 2025 and closes on Oct 3, 2025. The allotment for the B.A.G.Convergence IPO is expected to be finalized on Oct 6, 2025. B.A.G.Convergence IPO will list on NSE SME with a tentative listing date fixed as Oct 8, 2025. B.A.G.Convergence IPO price band is set at ₹82.00 to ₹87.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,78,400.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,17,600. Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is ACME Capital Market Ltd..
Total Shares
56,00,000
Issue Size
₹48.72 Cr
Price Band
₹82 – ₹87
Lot Size
1600 shares
Min. Investment
₹2,78,400
Max. Investment
₹2,78,400
Open Date
30 Sep, 2025
Close Date
03 Oct, 2025
Allotment
06 Oct, 2025
Listing
08 Oct, 2025
Max. Investment
₹2,78,400
Announced
30 Sep, 2025
Opening Date
30 Sep, 2025
Closing Date
03 Oct, 2025
Basis of Allotment
06 Oct, 2025
Initiation of Refunds
07 Oct, 2025
Credit of Shares
07 Oct, 2025
Listing Date
08 Oct, 2025
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About B.A.G.Convergence IPO
Incorporated in April 2007, B.A.G. Convergence Limited specializes in providing technical assistance and production services for television channels and websites. The company launched its first website in 2007, named news24online.com.
The company produces videos for its website and platforms like YouTube, Facebook, and Instagram, while also partnering with Samsung to enter the Connected TV (CTV) space through app preinstallation on their TVs.
The company offers following services:
B.A.G.Convergence IPO Share Price
Issue Breakdown
Shareholding
Dilution: 35.9% increase in shares
B.A.G.Convergence IPO Promoters Holding
B.A.G.Convergence IPO Financial Health
B.A.G.Convergence Ltd.'s revenue increased by 18% and profit after tax (PAT) rose by 17% between the financial year ending with March 31, 2025 and March 31, 2024.
B.A.G.Convergence IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,78,400 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,78,400 |
| S-HNI (Min) | 3 | 4800 | ₹4,17,600 |
| S-HNI (Max) | 7 | 11200 | ₹9,74,400 |
| B-HNI (Min) | 8 | 12800 | ₹11,13,600 |
(All values in CR)
B.A.G.Convergence IPO Valuations
The market capitalization of B.A.G.Convergence IPO is ₹184.60 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| Debt/Equity | 0.57 |
| RoNW | 40.96 |
| PAT Margin | 25.37 |
| EBITDA Margin | 39.04 |
| Price to Book Value | 18.13 |
(All values in CR)
B.A.G.Convergence IPO Strength & Risk
B.A.G.Convergence IPO Strength:
Established media presence with popular channels like News24 and E24.
Experienced management with decades of media industry expertise.
Strategic partnerships with major corporates enhancing content distribution.
Consistent revenue growth with strong profitability margins.
B.A.G.Convergence IPO Risk:
Involvement in legal proceedings that may affect operations and finances.
Heavy reliance on advertising revenues; downturns can impact profitability.
Operational dependency on leased properties for key offices.
Intense competition from other media houses and digital platforms.
B.A.G.Convergence IPO Subscriptions Status
B.A.G.Convergence IPO subscribed 0.29 times. The public issue subscribed 0.17 times in the individual investors category, 0.00 times in QIB (Ex Anchor), and 0.92 times in the NII category by October 1, 2025 3:29:14 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 15,60,000 | 15,60,000 | 13.572 |
| QIB (Ex Anchor) | 0.00 | 10,40,000 | 0 | 0 |
| Non-Institutional Buyers | 0.92 | 8,32,000 | 7,64,800 | 6.654 |
| bNII (bids above ₹10L) | 1.26 | 5,55,200 | 6,99,200 | 6.083 |
| sNII (bids below ₹10L) | 0.24 | 2,76,800 | 65,600 | 0.571 |
| Individual Investors (IND category bidding for 2 Lots) | 0.17 | 18,88,000 | 3,16,800 | 2.756 |
| Total | 0.29 | 37,60,000 | 10,81,600 | 9.41 |
B.A.G.Convergence IPO GMP
B.A.G.Convergence SME IPO last GMP is ₹0, last updated Oct 1st 2025 03:01 PM. With the price band of 87.00, B.A.G.Convergence SME IPO's estimated listing price is ₹87 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 01 Oct, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Oct, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 01 Oct, 2025 |
| 30 Sep, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 30 Sep, 2025 |
| 29 Sep, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 29 Sep, 2025 |
| 28 Sep, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 28 Sep, 2025 |
| 27 Sep, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 27 Sep, 2025 |
| 26 Sep, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 26 Sep, 2025 |
| 25 Sep, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 25 Sep, 2025 |
| 24 Sep, 2025 | 87 | ₹0 | - | ₹87 (0.00%) | - | 24 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for B.A.G.Convergence IPO
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Find B.A.G.Convergence IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.