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B.A.G. Convergence IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 48.72 Cr. The company is based in New Delhi and caters to Advertising And Media sector. Inventure Merchant Banker Services is the merchant banker of B.A.G. Convergence IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 12th December 2024. B.A.G. Convergence IPO open date is 30th September 2025 and close date is 3rd October 2025. IPO Allotment Date is 6th October 2025 and Listing date is 8th October 2025.
IPO
Size:
₹ 48.72 Cr.
Avg IPO Size (Sector Based)
: ₹
26.91 cr.
Sector: Advertising And Media
SME
IPO so far:
33
Merchant Banker:
Inventure Merchant
SME
IPO by BRLM so far:
34
City:
New Delhi
SME
IPO so far:
180
Revenue (annualised):
₹
35.63
cr. 
PE
Ratio:
19.62x
Average Sector PE Ratio: 16.96x
B.A.G. Convergence IPO size is ₹ 48.72 Cr. with IPO price of ₹ 87.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Expansion of Existing Business | 13.49 |
| Brand building expenses | 5 |
| Acquisition/ Production of Content | 13.29 |
| General Corporate Purposes | [●] |
Inventure Merchant Banker Services Private Limited is the book-running lead manager of the B.A.G. Convergence IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is ACME Capital Market Limited for B.A.G. Convergence IPO.
B.A.G. Convergence IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Abundantia Capital VCC | 1,104,000.00 | ₹ 87.00 | ₹ 96,048,000.00 |
| UNICO Global Opportunities | 456,000.00 | ₹ 87.00 | ₹ 39,672,000.00 |
B.A.G. Convergence IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
B.A.G. Convergence IPO, based in New Delhi, operates in the Advertising And Media sector with a focus on Digital media space. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. B.A.G. Convergence IPO size is ₹ 48.72 Cr. with fresh issue size of ₹ 49 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for B.A.G. Convergence IPO is expected to be 6th October 2025, after the finalization of basis of allotment. Investors can check B.A.G. Convergence IPO allotment status on the registrars website, Maashitla Securities Private Limited . B.A.G. Convergence IPO refund dates are 7th October 2025.
B.A.G. Convergence IPO is expected to be listed on 8th October 2025.
The upper price band for the B.A.G. Convergence IPO is set at ₹ 87.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on B.A.G. Convergence IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the B.A.G. Convergence IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 3rd October 2025. After submission, funds are blocked until the basis of allotment of B.A.G. Convergence IPO is finalised.
The merchant banker for B.A.G. Convergence IPO is Inventure Merchant Banker Services Private Limited . Inventure Merchant Banker Services Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the B.A.G. Convergence IPO RHP for further details.
The registrar for B.A.G. Convergence IPO is Maashitla Securities Private Limited . Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to B.A.G. Convergence IPO through their official website or helpline.
B.A.G. Convergence IPO was subscribed 1.38 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
₹ 48.72 Cr.
Avg IPO Size (Sector Based)
:
₹ 26.91 Cr.
Sector: Advertising And Media
SME
IPO so far:
33
Merchant Banker:
Inventure Merchant
SME
IPO by BRLM so far:
34
City:
New Delhi
SME
IPO so far:
180
Revenue (annualised):
₹ 35.63 cr.
PE
Ratio:
19.62x
Average Sector PE Ratio: 16.96x
B.A.G. Convergence IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on B.A.G. Convergence Financial Review Page
Merchant Banker(s) of B.A.G. Convergence IPO: Inventure Merchant Banker Services Private Limited
B.A.G. Convergence IPO subscription was 1.38 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
B.A.G. Convergence IPO listed at a listing price of 101.00 against the offer price of 87.00.
The current market price of B.A.G. Convergence is 100.75.
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