B.A.G.Convergence Limited – IPO
B.A.G.Convergence Limited – IPO Details
| IPO Date | September 30, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 82 to ₹ 87 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | 56,00,000 shares (Aggregating up to ₹48.72 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,56,18,800 shares |
| Share holding post issue | 2,12,18,800 shares |
| Market Maker portion |
B.A.G.Convergence Limited Timeline (Tentative Schedule)
B.A.G.Convergence Limited IPO opens on September 30, 2025, and closes on October 3, 2025.
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 3, 2025 |
| Basis of Allotment | October 6, 2025 |
| Initiation of Refunds | October 7, 2025 |
| Credit of Shares to Demat | October 7, 2025 |
| Listing Date | October 8, 2025 |
| Cut-off time for UPI mandate confirmation | October 3, 2025 |
B.A.G.Convergence Limited 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 |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | Rs.278,400 |
| Retail (Max) | 2 | 3,200 | Rs.278,400 |
| S-HNI (Min) | 3 | 4,800 | Rs.417,600 |
| S-HNI (Max) | 7 | 11,200 | Rs.974,400 |
| B-HNI (Min) | 8 | 12,800 | Rs.1,113,600 |
| HNI (Min) |
B.A.G.Convergence Limited IPO Promoter Holding
| Share Holding Pre Issue | 89.58% |
| Share Holding Post Issue | 65.93% |
B.A.G.Convergence Limited IPO Reservation
B.A.G.Convergence IPO offers a total of 56,00,000 shares. Out of which 26,00,000 (46.43%) allocated to QIB, 10,40,000 (18.57%) allocated to QIB (Ex-Anchor), 8,32,000 (14.86%) allocated to NII, 18,88,000 (33.71%) allocated to RII, and 15,60,000 (27.86%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 2,80,000 (5.00%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 26,00,000 (46.43%) |
|
| NII (HNI) Shares Offered | 8,32,000 (14.86%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 18,88,000 (33.71%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 56,00,000 (100.00%) |
B.A.G.Convergence Limited IPO Anchor Investors Details
B.A.G.Convergence IPO raises ₹13.57 crore from anchor investors. B.A.G.Convergence IPO Anchor bid date is September 29, 2025.
| Bid Date | 2025-09-29 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 13.57 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 4, 2026 |
About B.A.G.Convergence Limited
Established in April 2007, B.A.G. Convergence Limited deals in television channel and website technical services and production. The firm first created a website named news24online.com in 2007.
The company creates video content for its website and websites such as YouTube, Facebook, and Instagram, as well as having a tie-up with Samsung to enter the Connected TV (CTV) space via app preinstallation on their TVs.
The company provides the following services:-
Artificial Intelligence & Automation: Leverage AI-based solutions to maximize content creation, editing, and delivery.
Cloud-Based Broadcasting: Cloud-based infrastructure to enable hassle-free media management and live broadcasting.
High-Definition & 4K Content Production: Creation of high-definition video content to satisfy changing audience demands.
OTT & Streaming Services: Increasing its online presence by creating content for Over-the-Top (OTT) services, making it more widespread in the online entertainment market.
As of n August 31, 2025, the firm had 87 staff across various departments.
Competitive Strength:
Strong Media & Broadcasting Legacy: Being a part of the B.A.G. Network, the firm leverages decades of television and digital content production experience.
State-of-the-Art Production Infrastructure: Having well-equipped studios, post-production facilities, and latest broadcasting technology.
Diversified Content Portfolio: Entertains viewers through diverse platforms like television, digital media, and OTT services.
Agile & Innovative Strategy: Always evolves according to market trends by adopting new narrative skills and new technologies.
Key Performance Indicator
The market capitalization of B.A.G.Convergence IPO is ₹184.60 Cr.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | 0.57 |
| RoNW | 40.96% |
| P/BV | 18.13 |
| PAT Margin (%) | 25.37% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.02 | 4.43 |
| P/E (x) | 14.45 | 19.62 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 202,5, that is available in RHP.
Objects of the Issue (B.A.G.Convergence Limited IPO Objectives)
B.A.G.Convergence Limited Contact Details
B.A.G.Convergence Ltd. 352, Aggarwal Plaza Plot No. 8, Kondli East Delhi, New Delhi, 110096 Phone: +91 120 4602424 Email: [email protected] Website: http://www.bagconvergence.in/ |
B.A.G.Convergence Limited IPO Registrar
Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: [email protected] Website: https://maashitla.com/allotment-status/public-issues |