B.A.G.Convergence Ltd IPO — GMP ₹7

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

30 Sep 2025

Tue Completed

Done

Close Date

03 Oct 2025

Fri Completed

Done

Allotment

06 Oct 2025

Mon Completed

Done

Refund

07 Oct 2025

Tue Completed

Done

Demat Credit

07 Oct 2025

Tue Completed

Done

Listing Date

08 Oct 2025

Wed Completed

UPI Deadline: 03 Oct 2025

Issue Details

Pricing & Size

Issue Price

₹87 Face ₹10

Lot Size

1,600 shares

Min Investment

₹139,200

Total Issue Size

56,00,000 shares (aggregating up to ₹48.72 Cr)

IPO Information

Issue Type

Bookbuilding IPO

Sale Type

Fresh Capital

Listing Exchange

NSE SME

Script / Ticker

Allocation Breakdown

Market Maker

2,80,000 (5.00%)

QIB Portion

26,00,000 (46.43%)

NII / HNI

8,32,000 (14.86%)

Retail

18,88,000 (33.71%)

Employee

Net Offer to Public

53,20,000 shares (aggregating up to ₹46.28 Cr)

Shareholding Pattern

Pre-Issue Shareholding

1,56,18,800 shares

Post-Issue Shareholding

2,12,18,800 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	2	3,200	₹2,78,400
HNI / NII	3	4,800	₹4,17,600

Objects of Issue

4 objectives

Expansion of Existing Busines

13.49 Cr

Acquisition/ Production of Content

13.295 Cr

Brand building expenses

5 Cr

General Corporate Purposes

Lead Managers & Market Maker

Book Running Lead Managers

Inventure Merchant Banker Services Pvt.Ltd

Market Maker

ACME Capital Market Ltd

IPO Timeline

Open

30 Sep

✓ Done

03 Oct

✓ Done

Allotment

06 Oct

✓ Done

Listing

08 Oct

✓ Done

Registrar Details

Maashitla Securities Pvt.Ltd

SEBI Registered Registrar & Transfer Agent

Phone

+91-11-45121795-96

ipo@maashitla.com

Website

https://maashitla.com/allotment-status/public-issues

Check Allotment Status

Company Contact

Website

http://www.bagconvergence.in/

kriti.jain@bagconvergence.in

Phone

+91 120 4602424

Address

352, Aggarwal Plaza Plot No. 8, Kondli East Delhi, New Delhi, 110096

Grey Market Premium

LIVE

Current GMP

+₹7

+8.05% vs Issue Price

Issue Price

₹87

Est. Listing

₹94

Lot Size

1,600 shares

P&L / Lot

+₹11,200

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

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| Price

Market Reference

IPO Issue Price

₹87

GMP

+₹7 (+8.05%)

GMP Est. Listing

₹94

Previous Close

—

Exchange

—

Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	—	26,00,000 (46.43%)	—	₹2,262.00 Cr
NII / HNI (Total)	—	8,32,000 (14.86%)	—	₹723.84 Cr
Retail Investors	—	18,88,000 (33.71%)	—	₹1,642.56 Cr
Total **	—	56,00,000 (100.00%)	—	₹48,720.00 Cr
Market Maker *	—	2,80,000 (5.00%)	—	₹24.36 Cr

* Based on ₹87.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

26,00,000 (46.43%)

NII

8,32,000 (14.86%)

Retail

18,88,000 (33.71%)

Market Maker

2,80,000 (5.00%)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount in ₹ Crore

Metric	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue	35.85	30.33	24.96
PAT	9.41	8.05	4.99
EBITDA	13.99	10.88	6.49
Net Worth	22.21	7.11	-0.92
Total Assets	43.84	18.33	11.57
Reserves	6.59	7.10	-0.93
Borrowings	—	—	—

Key Financial Ratios

40.96%

RONW

Return on Net Worth

25.37%

PAT Margin

PAT / Revenue

39.04%

EBITDA Mgn

EBITDA / Revenue

0.57

D/E Ratio

Debt to Equity

18.13

P/BV

Price to Book Value

6.02

Pre EPS

EPS Pre-Issue

4.43

Post EPS

EPS Post-Issue

14.45

Pre P/E

P/E Pre-Issue

19.62

Post P/E

P/E Post-Issue

About B.A.G.Convergence Ltd

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:-

Artificial Intelligence & Automation: Implementing AI-driven solutions to optimize content creation, editing, and distribution.
Cloud-Based Broadcasting: Utilizing cloud infrastructure for seamless media management and live broadcasting.
High-Definition & 4K Content Production: Producing high-quality video content to meet evolving audience expectations.
OTT & Streaming Services: Expanding its digital footprint by developing content for Over-the-Top (OTT) platforms, ensuring a wider reach in the online entertainment sector.

As of n August 31, 2025, the company had 87 employees in various departments.

Competitive Strength:

Strong Legacy in Media & Broadcasting: As part of the B.A.G. Network, the company benefits from decades of experience in television and digital content production.
Advanced Production Infrastructure: Equipped with state-of-the-art studios, post-production facilities, and cutting-edge broadcasting technology.
Diversified Content Portfolio: Engages audiences across multiple platforms, including television, digital media, and OTT services.
Agile & Innovative Approach: Continuously adapts to market trends by embracing new storytelling techniques and emerging technologies.

Frequently Asked Questions

What is the issue price of B.A.G.Convergence Ltd IPO?

The issue price of B.A.G.Convergence Ltd IPO is ₹87 per share, face value ₹10.

What is the lot size?

Minimum lot size is 1,600 shares, requiring ₹139,200.

What are the IPO dates?

Opens 30 Sep 2025, closes 03 Oct 2025.

When is the listing date?

Tentative listing: 08 Oct 2025 on NSE SME.

What is the current GMP?

Current GMP is +₹7, estimated listing ₹94 (+8.05%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

B.A.G.Convergence Ltd IPO · Expected 06 Oct 2025

Check on Registrar

Post-IPO Timeline

Allotment Date

06 Oct 2025

Refund Initiation

07 Oct 2025

Demat Credit

07 Oct 2025

Listing Date

08 Oct 2025

Live Price LIVE

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Quick Facts

Closed

GMP Signal

Bullish

+₹7

+8.05%

Issue Price

₹87

Face ₹10

Lot Size

1,600

shares / lot

Min Amount

₹139,200

1 lot

Est. Listing

₹94

GMP +₹7

Key Dates

Open

30 Sep Done

03 Oct Done

Listing

08 Oct Done

Registrar

Maashitla Securities Pvt.Ltd