B.A.G.CONVERGENCE...● IPO DETAIL GMP+₹7 STATUSListed IPOCloudTrack Every IPO B.A.G.CONVERGENCE...● IPO DETAIL GMP+₹7 STATUSListed IPOCloudTrack Every IPO
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B.A.G.Convergence Ltd

B.A.G.Convergence Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹87
₹87
GMP (Grey Market)
+₹7
+8.05%
Est. Listing Price
₹94
Based on GMP
Min. Investment
₹139,200
1 lot × 1600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
30 Sep 2025
Close Date
03 Oct 2025
Allotment
09 Oct 2025
Listing Date
08 Oct 2025
Exchange
NSE SME
Price Band
₹87
Listing Price
See chart
Allotment Status
Price Band
₹87
Per share
Face Value
₹10 per share
 
Lot Size
1,600 Shares
per lot
Issue Size
56,00,000 shares (aggregating up to ₹48.72 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹139,200
1 lot
Pre-IPO Holding
1,56,18,800 shares
Promoters
Post-IPO Holding
2,12,18,800 shares
Promoters
P/E (Pre)
14.45x
 
P/E (Post)
19.62x
 
EPS (Pre)
₹6.02
 
EPS (Post)
₹4.43
 
UPI Deadline
2025-10-03
Mandate
GMP
+₹7
+8.05% est.
Anchor AllotmentMon, 29 Sep 2025
Basis of AllotmentThu, 09 Oct 2025
Refund InitiationFri, 10 Oct 2025
Demat CreditFri, 10 Oct 2025
Listing DayWed, 08 Oct 2025
UPI Mandate Deadline2025-10-03
Sale TypeFresh Capital
Net Offer to Public53,20,000 shares (aggregating up to ₹46.28 Cr)
Market Maker Quota2,80,000 shares (aggregating up to ₹2.44 Cr)
QIB Quota46.43% of Net Issue
HNI / NII Quota14.86% of Net Issue
Retail Quota33.71% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
B.A.G.Convergence Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Oct 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
280,000
5%
5%
₹2.44
QIB
Over 1.00x
2,600,000
46.43%
46.43%
₹22.62
NII / HNI
Over 1.00x
832,000
14.86%
14.86%
₹7.24
Retail
Over 1.00x
1,888,000
33.71%
33.71%
₹16.43
Total 1.00x
5,600,000
100% ₹48.72
IPO Shares Offered
B.A.G.Convergence Ltd IPO total issue size: ₹48.72 Cr. Retail: ₹16.43 Cr. QIB: ₹22.62 Cr. NII: ₹7.24 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 2,600,000 ₹22.62
46.43%
Market Maker 280,000 ₹2.44
5.00%
NII 832,000 ₹7.24
14.86%
Retail 1,888,000 ₹16.43
33.71%
Total 5,600,000 ₹48.72
100.00%
* Based on upper price band ₹87 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 832,000 1,888,000 2,720,000
Allotment price (₹) 87 87 87 87 87 87 87 87
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹16.43 ₹16.43
Times subscribed 1 1 1 1
Shares allotted 832,000 1,888,000 2,720,000
No. of allottees
* Upper price band ₹87 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
1,600
Shares per Lot
Issue Price
₹87.00
Upper Band
Min Investment
₹139,200
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)23,200₹278,400
Retail (Max — 13 Lots)1320,800₹1,809,600
S-HNI (Min — 14 Lots)1422,400₹1,948,800
B-HNI (Min — 68 Lots)68108,800₹9,465,600
* Issue Price ₹87 × Lot Size 1,600 shares
IPO Schedule
Anchor
29 Sep 2025
✓ Done
IPO Open
30 Sep 2025
✓ Done
IPO Close
03 Oct 2025
✓ Done
Allotment
09 Oct 2025
✓ Done
Refunds
10 Oct 2025
✓ Done
Demat Credit
10 Oct 2025
✓ Done
Listing Day
08 Oct 2025
✓ Done
B.A.G.Convergence Ltd — Live Price LIVE
₹87.00
INR · NSE
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Issue ₹87.00 GMP: +₹7 Live Price
About B.A.G.Convergence Ltd

B.A.G.Convergence Ltd is proposing an IPO on NSE SME under the SME category. Total issue: 56,00,000 shares (aggregating up to ₹48.72 Cr).

Opens 30 Sep 2025, closes 03 Oct 2025. Listing: 08 Oct 2025. Apply via ASBA or UPI.

Objects of the Issue
1
Object 1
2
Object 2
3
Object 3
4
Object 4
B.A.G.Convergence Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹25.0
31 Mar 2023
₹30.3
31 Mar 2024
₹35.9
31 Mar 2025
Profit After Tax (PAT)
₹5.0
31 Mar 2023
₹8.1
31 Mar 2024
₹9.4
31 Mar 2025
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 35.85 30.33 24.96
EBITDA 13.99 10.88 6.49
Profit After Tax (PAT) 9.41 8.05 4.99
Net Worth 22.21 7.11 -0.92
Total Assets 43.84 18.33 11.57
Reserves & Surplus 6.59 7.10 -0.93
Borrowings N/A N/A N/A
EBITDA Margin (%) 39.04%
PAT Margin (%) 25.37%
P/BV Ratio
18.13
RoNW
40.96%
PAT Margin
25.37%
EBITDA Margin
39.04%
Debt/Equity
0.57
Issue Structure & Shareholding
Total Shares Offered56,00,000 (100.00%)
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-Issue Promoter Holding1,56,18,800 shares
Post-Issue Promoter Holding2,12,18,800 shares
P/BV Ratio18.13
RoEN/A
RoCEN/A
Debt / Equity0.57
Script CodeN/A
Registrar & Lead Managers
Will be available once DRHP is filed.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much B.A.G.Convergence Ltd IPO subscribed?

B.A.G.Convergence Ltd IPO is subscribed 1.00 times by Oct 03, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is B.A.G.Convergence Ltd IPO retail subscription status?

The B.A.G.Convergence Ltd IPO retail category is subscribed 1.00 times as of 03 Oct 2025. The retail portion is oversubscribed.

How to subscribe B.A.G.Convergence Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 30 Sep 2025 and closes 03 Oct 2025. Min investment: ₹139,200 (1 lot = 1,600 shares). UPI mandate: 2025-10-03.

How many times B.A.G.Convergence Ltd IPO subscribed?

The B.A.G.Convergence Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check B.A.G.Convergence Ltd IPO allotment?

Check allotment on the registrar website. Enter your PAN, application number or DP/Client ID. Allotment date: 09 Oct 2025. Refunds: on 10 Oct 2025.

When B.A.G.Convergence Ltd IPO will be listed?

The B.A.G.Convergence Ltd IPO listing date is 08 Oct 2025, Wednesday. Listed on: NSE SME. Issue price: ₹87. Estimated listing: ₹94. GMP: +₹7.

When B.A.G.Convergence Ltd IPO close?

The B.A.G.Convergence Ltd IPO closes on 03 Oct 2025, Friday. UPI mandate: 2025-10-03. Allotment: 09 Oct 2025. Listing: 08 Oct 2025.