B.A.G. Convergence IPO was subscribed 1.38 times on the last day. The retail quota was subscribed over 0.83 times, NII was subscribed over 2.63 times, and QIB was subscribed 1.38 times, respectively.
Details About B.A.G.Convergence IPO
B.A.G.Convergence got approval from SEBI for an IPO of around ₹48.72 crores. B.A.G.Convergence IPO is a fresh issue of ₹48.72 crores with a face value of ₹10 each.
Furthermore, B.A.G.Convergence had a set price band of ₹82 to ₹87 per share.
In the B.A.G.Convergence IPO, 3,200 shares were in 2 lot sizes for the retail minimum and maximum categories as well.
Moreover, 4,800 shares were in 3 lot sizes for the S-HNI category.
S-HNI Maximum investment has 11,200 shares in 7 lot sizes.
B-HNI Minimum investment has 12,800 shares in 8 lot sizes.
To invest in the B.A.G.Convergence IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,78,400.
- SHNI (S-HNI): Minimum investment of ₹4,17,600.
- S-HNI Maximum: Minimum Investment of ₹9,74,400.
- B-HNI Minimum: Minimum Investment of ₹11,13,600
B.A.G. Convergence IPO’s Subscription Duration
The opening date of B.A.G.Convergence IPO was on September 30, 2025, and the closing date was on October 3, 2025. The allotment date of B.A.G.Convergence IPO was on October 6, 2025, and the investors will receive a refund on October 7, 2025. B.A.G.Convergence is set to be listed on October 8, 2025.
B.A.G. Convergence IPO funds deployment
- The proceeds raised from the fresh issue will be used towards the expansion of the existing business.
- Some funds will be used for the Acquisition/ Production of Content.
- Some funds will be utilized towards the brand-building expenses.
- Lastly, the remaining funds will be used for the company’s general corporate purposes.
About B.A.G.Convergence Company
Incorporated in April 2007, B.A.G. Convergence Limited is one of the leading companies involved in offering technical assistance and production services for television channels and websites. The company makes videos for its website, YouTube, Facebook, and Instagram by partnering with Samsung to enter the Connected TV (CTV) space by preinstalling its app on their TVs. The company includes 87 employees in various departments as of August 31, 2025.
In 2007, the company launched its first website, news24online.com. The company is involved in providing many services such as Artificial Intelligence & Automation, Cloud-Based Broadcasting, High-Definition & 4K Content Production, and OTT & Streaming Services. Initially, the company earned revenue through Google AdSense. Later, as they grew, content aggregators like Times Internet Limited (TIL), Daily Hunt, and direct clients, including government agencies, helped them earn recognition.
Financial Report of the B.A.G.Convergence Company
The company reported revenue of ₹35.85 crores in 2025 against ₹30.33 crores in 2024. The company reported a profit of ₹9.41 crores in 2025 against a profit of ₹8.05 crores in 2024.
