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BAG Convergence Ltd

B.A.G. Convergence IPO

  • Status: Closed
  • RHP:
  • ₹ 262,400 / 3200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    08 Oct 2025

  • Listing Price

    ₹ 101.00

  • Listing Change

    16.09%

  • Last Traded Price

    ₹ 128.50

B.A.G. Convergence IPO Details

  • Open Date

    30 Sep 2025

  • Close Date

    03 Oct 2025

  • Listing Date

    08 Oct 2025

  • IPO Price Range

    ₹ 82 to ₹87

  • IPO Size

    ₹ 48.72 Cr

  • Listing Exchange

    NSE SME

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B.A.G. Convergence IPO Timeline

B.A.G. Convergence IPO Subscription Status

Last Updated: 03 October 2025 6:50 PM by 5paisa

B.A.G.Convergence Limited, launching a ₹48.72 crores IPO, provides technical support and production services for television channels and websites, launching its first site, news24online.com, in 2007. The company creates video content for its website and social platforms like YouTube, Facebook, and Instagram, and collaborates with Samsung to enter the Connected TV space through app preinstallation. Its services include AI-driven content solutions, cloud-based broadcasting, high-definition and 4K production, and developing content for OTT and streaming platforms.
 
Established in: 2007
Managing Director:  Anuradha Prasad Shukla
 
Peers:

TV Today Network
Zee Media
 

B.A.G. Convergence Objectives

The company aims to expand its existing business with ₹13.49 crore.
It plans to acquire or produce new content with ₹13.295 crore.
The company intends to invest ₹5 crore in brand-building activities.
It will allocate funds for general corporate purposes.
 

B.A.G. Convergence IPO Size

Types Size
Total IPO Size ₹48.72 Cr
Offer For Sale -
Fresh Issue ₹48.72 Cr

B.A.G. Convergence IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 3,200 2,62,400
Retail (Max) 2 3,200 2,78,000

B.A.G. Convergence IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 1.38 10,40,000 14,38,400 12.514
NII (HNI) 2.63 8,32,000 21,87,200 19.029
Retail Investors 0.83 18,88,000 15,61,600 13.586
Total** 1.38 37,60,000 51,87,200 45.129

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹Crores.) FY23 FY24 FY25
Revenue 24.96 30.33 35.85
EBITDA 6.49 10.88 13.99
PAT 4.98 8.03 9.10
Particulars (In ₹Crores.) FY23 FY24 FY25
Total Assets 11.57 18.33 43.84
Share Capital 0.01 0.01 15.62
Total Borrowing 0.52 -0.59 7.70
Particulars (In ₹Crores.) FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 0.57 3.82 3.61
Net Cash Generated From / (used in) Investing Activities -0.98 1.98 -5.15
Net Cash Generated From / (used in) financing activities 0.52 -0.59 13.20
Net Increase (Decrease) In Cash And Cash Equivalents 0.11 5.21 11.66


Strengths

1. Strong expertise in content creation and production.
2. Established digital presence across multiple online platforms.
3.Strategic partnership with Samsung enhances CTV reach.
4. Diversified services including AI and cloud broadcasting.
 

Weaknesses

1. Heavy reliance on digital advertising revenue streams.
2. Limited global presence compared to larger competitors.
3. High operational costs for quality content production.
4. Rapid technology changes demand frequent infrastructure upgrades.
 

Opportunities

1. Rising demand for OTT and streaming content.
2. Expanding CTV market offers significant growth potential.
3. AI and automation can enhance production efficiency.
4. Increasing internet penetration boosts digital audience reach.
 

Threats

1. Intense competition from established media companies.
2. Constant technological advancements require regular adaptation.
3. Changing viewer preferences may affect content demand.
4. Data privacy regulations could impact digital operations.
 

1. Strong presence in fast-growing digital media industry.
2. Strategic partnership with Samsung boosts CTV reach.
3. Diversified revenue streams ensure business sustainability.
4. Focus on innovation enhances future growth prospects.
 

B.A.G. Convergence Limited operates in a rapidly evolving digital media and entertainment industry driven by increasing demand for high-quality content and OTT services. With growing internet penetration, rising adoption of Connected TVs, and advancements in AI-driven production, the company is well-positioned to capitalise on emerging opportunities. Its diverse service portfolio and strategic partnerships further strengthen its potential for sustained growth and market expansion.
 

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FAQs

B.A.G.Convergence IPO opens from September 30, 2025 to October 3, 2025.
 

The size of  B.A.G.Convergence IPO is ₹48.72 Cr.
 

The price band of  B.A.G.Convergence IPO is fixed at ₹82 to ₹87 per share.
 

To apply for B.A.G.Convergence IPO, follow the steps given below:
 
●    Login to your 5paisa demat account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the B.A.G.Convergence IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
 
You will receive a mandate notification to block funds in your UPI app.
 
 

The minimum lot size of  B.A.G.Convergence IPO is of 3,200 shares and the investment required is ₹2,78,400.
 

The share allotment date of B.A.G.Convergence IPO is October 6, 2025

The B.A.G.Convergence IPO will likely be listed on October 8, 2025.

Inventure Merchant Banker Services Pvt.Ltd is the book running lead manager for B.A.G.Convergence IPO.
 

B.A.G.Convergence IPO plans to utilise the raised capital from the IPO for:
● The company aims to expand its existing business with ₹13.49 crore.
● It plans to acquire or produce new content with ₹13.295 crore.
● The company intends to invest ₹5 crore in brand-building activities.
● It will allocate funds for general corporate purposes.