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B.A.G.Convergence IPO
Price Band
₹82.0–87.0
Issue Size
₹48.72 Cr
Lot Size
1,600 shares
Min Investment
₹278,400
2 LOTS MIN
GMP
—
Issue Price
₹87.0
B.A.G.Convergence IPO AI Summary
- B.A.G.Convergence IPO is listed on NSE SME in the Digital Entertainment sector.
- Price band: ₹82.0–₹87.0 per share, lot size 1,600 shares (min. investment ₹278,400, 2 lots minimum).
- Subscription window: 30 Sep–03 Oct 2025, listing on 08 Oct 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
B.A.G.Convergence IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
B.A.G.Convergence IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 43.84 | 18.33 | 11.57 |
| Total Income | 35.85 | 30.33 | 24.96 |
| Profit After Tax | 9.41 | 8.05 | 4.99 |
| EBITDA | 13.99 | 10.88 | 6.49 |
| NET Worth | 22.21 | 7.11 | -0.92 |
| Reserves and Surplus | 6.59 | 7.10 | -0.93 |
Key Ratios
EPS
₹6.02
NAV
₹14.22
RoNW
40.96%
P/B Value
18.13
P/E Ratio
14.45
Market Cap
₹184.60 Cr
PAT Margin
25.37%
Debt/Equity
0.57
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Zee Media Corporation Limited | 6.83 | -23.5% | -7.83 | -1.6 | -1.6 |
| Tv Today Network Ltd. | 149.44 | 9.28% | 11.98 | 12.54 | 12.54 |
| B.A.G. Convergence Limited This IPO | 32.11 | 40.96% | 14.95 | 5.82 | 5.82 |
Promoters
Anuradha Prasad Shukla
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Expansion of Existing Busines 13.49 2 Acquisition/ Production of Content 13.29 3 Brand building expenses 5.00 4 General Corporate Purposes 12.14 5 Issue expenses 4.80 Total 48.72
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹24.96 Cr in the year ending 31 Mar 2023, increasing to ₹30.33 Cr by 31 Mar 2024, and further rising to ₹35.85 Cr by 31 Mar 2025. This shows a consistent growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹4.99 Cr in the year ending 31 Mar 2023, which rose to ₹8.05 Cr by 31 Mar 2024, and further increased to ₹9.41 Cr by 31 Mar 2025. This indicates a positive trend in profitability across the years.
Valuation
B.A.G. Convergence Limited is priced at a P/E ratio of 14.95 at the issue price, compared to peers with a P/E range of -7.83 to 11.98.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price based on demand and supply in the grey market. A higher GMP suggests strong demand, while a lower or negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's important to consider the company's growth potential and market conditions before deciding.
Who May Want to Wait
Investors with a low risk appetite or those seeking immediate returns may want to avoid IPOs like this, which can be subject to market fluctuations and may require a longer investment horizon to realize gains.
IPO Timeline, Explained
The IPO opens for subscription on 30 September 2025 and closes on 3 October 2025. Allotment of shares will be finalized by 6 October 2025, with the listing date set for 8 October 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed, as market conditions can fluctuate significantly on listing day.
This evaluation is generated from B.A.G.Convergence's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of B.A.G.Convergence IPO?
The price band of B.A.G.Convergence IPO is ₹82.0–₹87.0 per share.
When does B.A.G.Convergence IPO open and close?
B.A.G.Convergence IPO opens on 30 September 2025 and closes on 03 October 2025.
When does B.A.G.Convergence IPO list on the stock exchange?
B.A.G.Convergence IPO listed on 08 October 2025 at ₹87.0.
What is the lot size for B.A.G.Convergence IPO?
The lot size for B.A.G.Convergence IPO is 1600 shares, requiring a minimum investment of ₹278,400 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹82.0 to ₹87.0.
What is the minimum investment amount?
The minimum investment amount is ₹278,400.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When does the IPO open and close?
The IPO opens on 30 September 2025 and closes on 3 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price based on demand and supply in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2025
Close
03 Oct 2025
Allotment
06 Oct 2025
Listing
08 Oct 2025
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