B.A.G.Convergence IPO
GMP, Subscription, Price, Dates & Financial Details
B.A.G. Convergence Limited Incorporated in April 2007, B.A.G. Convergence Limited is engaged in providing technical assistance and production services for television channels and digital platforms. The company launched its first website, news24online.com, in 2007, marking its entry into the digital…
Open Date
Tue, 30 Sep 2025
Close Date
Fri, 03 Oct 2025
Price Band
₹ 82 – 87
Lot Size
1600
Issue Size
₹ 48.72 Cr
Minimum Investment
₹ 278,400 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
B.A.G.Convergence IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹48.72 Crore.
The B.A.G.Convergence IPO remained open for subscription from September 30, 2025, to October 03, 2025. The basis of allotment was finalized on October 06, 2025, and the company's shares were listed on NSE SME Platform on October 08, 2025.
The company had fixed the price band at ₹82 to ₹87 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹278,400 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Inventure Merchant Banker Services Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, B.A.G. Convergence Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
B.A.G.Convergence IPO Timeline (Tentative)
- IPO Open Date
- Tue, 30 Sep 25
- IPO Close Date
- Fri, 03 Oct 25
- Basis of Allotment
- Mon, 06 Oct 25
- Initiation of Refunds
- Tue, 07 Oct 25
- Credit of Shares to Demat
- Tue, 07 Oct 25
- Listing Date
- Wed, 08 Oct 25 — NSE & BSE
Open Date
30 September 2025
Close Date
03 October 2025
Basis Of Allotment
06 October 2025
Listing Date
08 October 2025
IPO Subscription
Check Live Subscription →The B.A.G.Convergence IPO has received bids for 54,67,200 shares against 37,60,000 shares offered, resulting in an overall subscription of 1.45x. the NII category is subscribed 2.97x, Retail Investors 0.83x, and QIBs 1.38x. Within the NII category, BNII is subscribed 4.14x, while SNII is subscribed 0.62x.
QIB
1.38x
NII
2.97x
BNII
4.14x
SNII
0.62x
RII
0.83x
Total
1.45x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,88,000 shares, representing 50.21% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,40,000 shares (27.66%), while Non-Institutional Investors (NIIs) receive 8,32,000 shares (22.13%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,040,000 | 27.66% |
| Non-Institutional | 832,000 | 22.13% |
| BNII | 555,200 | 14.77% |
| SNII | 276,800 | 7.36% |
| Retail Investors | 1,888,000 | 50.21% |
| Total | 3,760,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 43.84 | 18.33 | 11.57 |
| Revenue | 35.85 | 30.33 | 24.96 |
| Profit After Tax | 9.41 | 8.05 | 4.99 |
| Net Worth | 22.21 | 7.11 | -0.92 |
| Reserve & Surplus | 6.59 | 7.1 | -0.93 |
| Total Borrowings | 0 | 0 | 0 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
B.A.G. Convergence Limited KPI Information
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Debt / Equity | 0.57 | 0 | 0 |
| RoNW % | 40.96 | 112.94 | 0 |
| Pat Margin % | 25.37 | 26.48 | 19.95 |
Peers Comparison
No Peer Comparision Available
About B.A.G. Convergence Limited
B.A.G. Convergence Limited
Incorporated in April 2007, B.A.G. Convergence Limited is engaged in providing technical assistance and production services for television channels and digital platforms. The company launched its first website, news24online.com, in 2007, marking its entry into the digital media space.
Over the years, the company has expanded its presence across multiple platforms, producing video content for its own website as well as for YouTube, Facebook, Instagram, and other digital channels. In addition, it has partnered with Samsung to strengthen its presence in the Connected TV (CTV) segment through app pre-installations on Samsung smart TVs.
Service Offerings
B.A.G. Convergence Limited provides a diverse range of media and technology-driven services, including:
- Artificial Intelligence & Automation: Deploying AI-powered solutions to streamline content creation, editing, and distribution workflows.
- Cloud-Based Broadcasting: Leveraging cloud infrastructure for efficient media management, live streaming, and broadcasting.
- High-Definition & 4K Content Production: Creating premium-quality video content aligned with evolving viewer expectations.
- OTT & Streaming Services: Developing content for Over-the-Top (OTT) platforms, enhancing reach and visibility in the online entertainment ecosystem.
Workforce
As of August 31, 2025, the company employed 87 professionals across various departments, supporting its operations in content production, technology, and digital media services.
B.A.G.Convergence IPO Promoters
- Anuradha Prasad Shukla
Promoters Holding
Holding Pre Issue
89.58%
Holding Post Issue
65.93%
B.A.G.Convergence IPO Objective
The Company B.A.G. Convergence IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Expansion of Existing Business
- Acquisition/ Production of Content
- Brand building expenses
- General Corporate Purposes
B.A.G. Convergence Limited Address / Contact Details
B.A.G.Convergence Ltd.
352, Aggarwal Plaza
Plot No. 8,
Kondli
East Delhi, New Delhi, 110096
Phone: +91 120 4602424
Email: kriti.jain@bagconvergence.in
Website: http://www.bagconvergence.in/
IPO Snapshot
B.A.G.Convergence IPO Lot Size
The B.A.G.Convergence IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,78,400 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,78,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 278,400.00 |
| Retail (Max) | 2 | 3,200 | 278,400.00 |
| S-HNI (Min) | 3 | 4,800 | 417,600.00 |
| S-HNI (Max) | 7 | 11,200 | 974,400.00 |
| B-HNI (Min) | 8 | 12,800 | 1,113,600.00 |
Issue Reservation
- QIB — 27.66%
- NII — 22.13%
- RII — 50.21%
Book Running Lead Managers
- Inventure Merchant Banker Services Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the B.A.G.Convergence IPO?
B.A.G.Convergence IPO is a Book-building IPO with a total issue size of ₹48.72 crore. The B.A.G.Convergence IPO price band is ₹82 to 87 per share. The B.A.G.Convergence IPO subscription opens on Tue, Sep 30, 2025, and closes on Fri, Oct 3, 2025. The B.A.G.Convergence IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the B.A.G.Convergence IPO.
When will the B.A.G.Convergence IPO open for subscription?
The B.A.G.Convergence IPO opens on Tue, Sep 30, 2025 and closes on Fri, Oct 3, 2025
What is B.A.G.Convergence IPO Price Band?
B.A.G.Convergence IPO Price Band is ₹82 to 87 per share.
What is B.A.G.Convergence IPO Lot Size?
B.A.G.Convergence IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹278400 based on the upper price band
What is the minimum investment for B.A.G.Convergence IPO?
The minimum investment for B.A.G.Convergence IPO is ₹278400, based on one lot of 1600 shares at the upper price band of ₹87 per share.
How to apply for B.A.G.Convergence IPO?
Investors can apply for the B.A.G.Convergence IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Oct 3, 2025. The application amount remains blocked until the B.A.G.Convergence IPO allotment is finalized.
What is B.A.G.Convergence IPO Issue Size?
B.A.G.Convergence IPO issue size is ₹48.72 crores.
What is the B.A.G.Convergence IPO Allotment Date?
B.A.G.Convergence IPO allotment date is Mon, Oct 6, 2025.
Who is the B.A.G.Convergence IPO Registrar?
The registrar for B.A.G.Convergence IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check B.A.G.Convergence IPO allotment status, refund processing, and other IPO-related information.
Who is the B.A.G.Convergence IPO Lead Manager?
The book-running lead managers (BRLMs) for the B.A.G.Convergence IPO are Inventure Merchant Banker Services Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the B.A.G.Convergence IPO Red Herring Prospectus (RHP).