B.A.G.Convergence Limited

Offer PeriodSep 30, 2025 – Oct 03, 2025

Sep 30, 2025 – Oct 03, 2025

NSE - SMEListed

Listed Price:

₹101.00

(+16.09%)

Price Band₹82 - ₹87

Lot Size1,600 Shares

Allotment DateOct 06, 2025

Listing DateOct 08, 2025

Subscription1.38 Times

Issue Size₹48.72 Cr

Check Allotment

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IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0
(0.00%)

Premium (ELP)

The Initial Public Offering of B.A.G.Convergence Limited's culminated in its successful listing on Oct 08, 2025 at the NSE trading platform. The company secured 56,00,000 Shares through this capital market exercise, with 56,00,000 Shares allocated to new capital formation.

Investors participated within the price parameters of ₹82 to ₹87, with minimum investment requirements of 1600 shares. The subscription period from Sep 30, 2025 to Oct 03, 2025 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on Oct 06, 2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

B.A.G.Convergence Limited IPO Details

IPO Date

Sep 30, 2025 to Oct 03, 2025

Allotment Date

Oct 06, 2025

List Date

Oct 08, 2025

Lot Size

1,600 share

Issue Price

₹82 - ₹87

Issue Size

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

Fresh Issue

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

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

1,56,18,800

Share Holding Post-Issue

2,12,18,800

Market Marker Portion

2,80,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	2	3200	2,78,400
sHNI	3	4800	4,17,600
bHNI	8	12800	11,13,600

IPO Reservation

Shares56,00,000

Anchor

27.86%(15,60,000)

QIB

18.57%(10,40,000)

HNI

14.86%(8,32,000)

RETAIL

33.71%(18,88,000)

Market Maker

5.00%(2,80,000)

Total

100.00%(56,00,000)

B.A.G.Convergence Limited IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Mar-25	Mar-24	Mar-23

KPI	Mar-25	Mar-24	Mar-23
EPS	5.82	5.42	3.36
ROE	0	0	0
ROCE	0	0	0
RONW	40.96	112.94	0
PRE IPO(PE)	14.45	0	0
POST IPO(PE)	19.62	0	0

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (In Crores)

Period Ended	Mar-25	Mar-24	Mar-23

Period Ended	Mar-25	Mar-24	Mar-23
Assets	43.84	18.33	11.57
Revenue	35.85	30.33	24.96
Net Worth	22.21	7.11	-0.92
Profit after tax	9.41	8.05	4.99
Reserves And Surpluse	6.59	7.1	-0.93
Total Borrowing	0	0	0

B.A.G.Convergence Limited IPO About Company

B.A.G. Convergence Limited, founded in April 2007, provides technical support and production services for TV channels and websites. It launched its first site, news24online.com, the same year and creates video content for platforms like YouTube, Facebook, and Instagram. The company also partners with Samsung to offer its apps on Connected TVs. Its services include AI-driven content solutions, cloud-based broadcasting, high-definition and 4K video production, and content for OTT streaming platforms. As of August 31, 2025, B.A.G. Convergence had 87 employees across different departments.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅B.A.G.Convergence Limited IPO Strength Factors

Market Leadership: News24 and E24 are leading channels in news and entertainment, with strong reach in Hindi-speaking regions and growing presence on YouTube, Facebook, and Instagram.

Experienced Team: Led by Anuradha Prasad Shukla, a media veteran with 30+ years of experience, supported by a stable and skilled management team ensuring quality service and execution.

Strategic Partnerships: Collaborations with Dailyhunt, Times Internet, Taboola, Facebook, Google, and others, along with Samsung CTV and OTT discussions, enhance reach and content monetization.

⚠️B.A.G.Convergence Limited IPO Risk Factors

Legal Risks: Ongoing litigations involving the Company and Group Companies may lead to liabilities or penalties, affecting business and financial performance.
Growth Challenges: Inability to boost viewership, adopt new platforms, or leverage technologies like AI/VA could limit revenue growth and impact financial outcomes.
Expansion Risks: Delays or issues in planned business expansion may slow growth and negatively affect operations and future plans.

🏦B.A.G.Convergence Limited IPO Lead Manager(s)

Inventure Merchant Banker Services Private Limited

👤B.A.G.Convergence Limited IPO Promoter(s)

Anuradha Prasad Shukla

🏢B.A.G.Convergence Limited IPO Company Details

B.A.G.Convergence Limited

Email:kriti.jain@bagconvergence.in

Phone:+91 120 4602424

Website:http://www.bagconvergence.in/

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

📋B.A.G.Convergence Limited IPO Registrar

Maashitla Securities Private Limited

Name:Maashitla Securities Private Limited

Phone:+91114512179596

Email:investor.ipo@maashitla.com

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

❓B.A.G.Convergence Limited IPO FAQs

B.A.G.Convergence Limited IPO is a main-board IPO of 56,00,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹82 - ₹87 per share. The minimum order quantity is .The IPO opens on Sep 30, 2025, and closes on Oct 03, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in B.A.G.Convergence Limited IPO using UPI as a payment gateway. Zerodha customers can apply in B.A.G.Convergence Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in B.A.G.Convergence Limited IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'B.A.G.Convergence Limited IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The B.A.G.Convergence Limited IPO opens on Sep 30, 2025 and closes on Oct 03, 2025.

You can apply in B.A.G.Convergence Limited IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for B.A.G.Convergence Limited IPO will be done on Oct 06, 2025, and the allotted shares will be credited to your demat account by Oct 06, 2025

B.A.G.Convergence Limited IPO's listing date is Oct 08, 2025.

B.A.G.Convergence Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0(0.00%)

Premium (ELP)

₹0
(0.00%)