31 Mar 2023
Assets11.57
Total Income24.96
EBITDA6.49
Profit After Tax4.99
NET Worth-0.92
Reserves and Surplus-0.93
At a glance
Updated 2026-09-10The shares listed at ₹101.00, a 16.09% move from the issue price. B.A.G.Convergence is a SME IPO with an issue size of ₹48.72 crore, proposed for listing on NSE SME. The offer opens on 30th Sep 2025 and closes on 3rd Oct 2025. The issue structure includes a fresh issue of ₹46.28 crore. The current listing schedule points to 8th Oct 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹48.72 Cr
Fresh issue₹46.28 Cr
Face value₹10
Price band₹82.00–₹87.00
Allotment6th Oct 2025
Listing8th Oct 2025
Listing performance
Full performance ↗Issue price₹87.00
Listing price₹101.00
Current price—
Listing gain16.09%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹87.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Sep 2025
Closes3rd Oct 2025
Allotment6th Oct 2025
Refund7th Oct 2025
Demat7th Oct 2025
Listing8th Oct 2025
Subscription demand
Full bidding ↗Total1.38×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹278,400 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Expansion of Existing Busines | ₹13.49 Cr |
| Acquisition/ Production of Content | ₹13.29 Cr |
| Brand building expenses | ₹5.00 Cr |
| General Corporate Purposes | ₹12.14 Cr |
| Issue expenses | ₹4.80 Cr |
| Total | ₹48.72 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue35.85₹ Cr · +18.2% vs prior year
EBITDA13.99₹ Cr · +28.6% vs prior year
PAT9.41₹ Cr · +16.9% vs prior year
Assets43.84₹ Cr · +139.2% vs prior year
Net Worth22.21₹ Cr · +212.4% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets18.33
Total Income30.33
EBITDA10.88
Profit After Tax8.05
NET Worth7.11
Reserves and Surplus7.10
31 Mar 2025
Assets43.84
Total Income35.85
EBITDA13.99
Profit After Tax9.41
NET Worth22.21
Reserves and Surplus6.59
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| Debt / Equity | 0.57% |
| RoNW | 40.96% |
| PAT Margin | 25.37% |
| EBITDA Margin | 39.04% |
| Price to Book Value | 18.13 |
Valuation & shareholding
Pre-IPO EPS6.02
Post-IPO EPS4.43
Pre-IPO P/E14.45
Post-IPO P/E19.62
Promoter holding pre89.58%
Promoter holding post65.93%
Market cap₹184.60 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| B.A.G. Convergence IPO | — | 19.62 x | — | — |
| Optimystix Entertainment IPO | — | 16.94 x | — | — |
| Simca Advertising IPO | — | 15.39 x | — | — |
| Value 360 IPO | — | 17.25 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Expansion of Existing Busines | ₹13.49 Cr |
| Acquisition/ Production of Content | ₹13.29 Cr |
| Brand building expenses | ₹5.00 Cr |
| General Corporate Purposes | ₹12.14 Cr |
| Issue expenses | ₹4.80 Cr |
| Total | ₹48.72 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Inventure Merchant Banker Services...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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