IPO Issue Details
Issue Price / Price Band₹87 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size56,00,000 shares (aggregating up to ₹48.72 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 30 Sep 2025
Subscription CloseFri, 03 Oct 2025
Anchor AllotmentMon, 29 Sep 2025
Basis of AllotmentMon, 06 Oct 2025
Initiation of RefundsTue, 07 Oct 2025
Credit of Shares to DematTue, 07 Oct 2025
Listing DateWed, 08 Oct 2025
UPI Mandate Deadline2025-10-03
Application & Investment Details
Retail — Min (2 Lots)₹2,78,400 — 3,200 shares
Retail — Max (13 Lots)₹1,809,600 (13 Lots)
HNI — Min (3 Lots)₹4,17,600 — 4,800 shares
EPS (Pre-IPO)₹6.02
EPS (Post-IPO)₹4.43
P/E Ratio (Pre-IPO)14.45x
P/E Ratio (Post-IPO)19.62x
Net Offer to Public53,20,000 shares (aggregating up to ₹46.28 Cr)
Reserved for Market Maker2,80,000 shares (aggregating up to ₹2.44 Cr)
Pre-IPO Promoter Holding1,56,18,800 shares
Post-IPO Promoter Holding2,12,18,800 shares
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.
Objects of the Issue
B.A.G.Convergence Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Expansion of Existing Busines
13.49
2
Acquisition/ Production of Content
13.295
3
Brand building expenses
5
4
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,56,18,800 shares
Post-IPO Promoter Holding
2,12,18,800 shares