B.A.G.Convergence IPO Sees Moderate Demand, Subscribed 1.38x by Day 3

B.A.G.Convergence Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription, with B.A.G.Convergence's stock price band set at ₹82-87 per share, reflecting steady market reception. The ₹48.72 crore IPO reached 1.38 times by 5:09:11 PM on day three.

B.A.G.Convergence IPO non-institutional investors segment leads with a moderate 2.63 times subscription, whilst qualified institutional buyers (ex-anchor) demonstrate moderate participation at 1.38 times, and individual investors display limited interest at 0.83 times, whilst anchor investors show complete participation at 1.00 times, reflecting measured investor confidence in this company.

Subscription Status of B.A.G.Convergence IPO

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Subscription Details (as of Day 3 – October 3, 2025, 5:09:11 PM)

Key Highlights - Day 3

• Overall subscription reached moderate 1.38 times, showing substantial improvement from day two's 0.33 times
• Non-institutional investors displaying moderate confidence at 2.63 times, building substantially from day two's 1.05 times
• Qualified institutional buyers (ex-anchor) showing moderate growth at 1.38 times, building substantially from day two's 0.00 times
• Individual investors showing limited performance at 0.83 times, building substantially from day two's 0.19 times
• Total applications reached 588, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹45.13 crores against the issue size of ₹48.72 crores

B.A.G.Convergence IPO - Day 2 Subscription at 0.33 Times

• Overall subscription reaching limited 0.33 times, showing improvement from day one's 0.26 times
• Non-institutional investors showing moderate performance at 1.05 times, building marginally from day one's 0.97 times
• Individual investors displaying limited confidence at 0.19 times, building substantially from day one's 0.10 times
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.00 times, unchanged from day one's 0.00 times

B.A.G.Convergence IPO - Day 1 Subscription at 0.26 Times

• Overall subscription reached limited 0.26 times, showing cautious initial investor interest
• Non-institutional investors showing limited performance at 0.97 times, indicating weak HNI appetite
• Individual investors displaying minimal confidence at 0.10 times, showing very weak retail sentiment
• Qualified institutional buyers showing minimal performance at 0.00 times, indicating very weak institutional appetite

About B.A.G.Convergence Limited

Incorporated in 2007, B.A.G.Convergence Limited specializes in providing technical assistance and production services for television channels and websites, producing videos for platforms like YouTube, Facebook, and Instagram, partnering with Samsung for Connected TV space, and offering AI-driven solutions, cloud-based broadcasting, and high-definition content production with 87 employees as of August 31, 2025.