Markets / IPO / B.A.G. Convergence

B.A.G. Convergence IPO

Updated 18:57

SME IPO on NSE Emerge · Digital Entertainment

Status

Listed

Price band

₹82–87

Lot size

1600 shares · ₹1,39,200

Subscribed

–

How it listed

Issue price

₹87

Listing price (open)

₹101.00 +16.09%

First-day close

₹106.05 +21.90%

Price now

₹111.70 +28.39%

Listing day	8 Oct 2025
Open / high / low / close	₹101.00 / ₹106.05 / ₹101.00 / ₹106.05
Shares traded on NSE	17,40,800
Market value at the listing-day close	₹225 cr

Closing prices since listing: 23 Oct ₹102.00, 26 Oct ₹102.35, 27 Oct ₹102.00, 28 Oct ₹100.85, 29 Oct ₹101.05, 30 Oct ₹111.85, 2 Nov ₹111.00, 4 Nov ₹110.95, 5 Nov ₹111.70, 6 Nov ₹111.70.

B.A.G. Convergence share price, live chart and technicals →

Key dates

Bidding opens	30 Sept 2025
Bidding closes	3 Oct 2025
Allotment	6 Oct 2025
Refunds and shares in demat	7 Oct 2025
Listing	8 Oct 2025

Lot size by investor type

Application	Lots	Shares	Amount
Individual investor (minimum)	2	3,200	₹2,78,400
HNI (minimum)	3	4,800	₹4,17,600

At ₹87 a share. In SME IPOs individuals must bid for at least 2 lots.

Subscription

Investor category	Shares bid for
Institutions (QIB)	14,38,400
HNI / NII	24,67,200
HNI, above ₹10 lakh	22,96,000
HNI, ₹2–10 lakh	1,71,200
Total	39,05,600

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 3 Oct 2025 19:00.

Applications from individual investors

488 applications in the individual investors' category (bidding for the minimum 2 lots).

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹87	54.45 lakh shares	99.6%
Lower prices ₹82–86	0.22 lakh shares	0.4%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	29 Sept 2025
Anchor shares	15,60,000
Raised from anchors	₹13.57 cr
Lock-in ends for the first 50% (30 days)	4 Nov 2025
Lock-in ends for the remaining 50% (90 days)	3 Jan 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹185 cr	₹237 cr
P/E (last 12 months' profit)	17.0	21.8

Revenue, last 12 months	₹44 cr
Profit, last 12 months	₹11 cr
Return on equity	13.1%
Debt to equity	0.00

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

IPO details

Price band	₹82–87
Final issue price	₹87
Lot size	1600 shares
Minimum investment	₹2,78,400 (2 lots, the minimum for individuals)
Market	NSE Emerge (SME)
Issue type	100 % Book Building
Face value	₹10
Industry	Digital Entertainment
Issue size	Initial Public Offer of upto 56,00,000 Equity Shares (including Market Maker portion of 2,80,000 Equity Shares and Anchor Allocation 15,60,000 Equity Shares)
ISIN	INE17CQ01015
Registrar	Maashitla Securities Private Limited Helpline: +91 11 475814324512, ipo@maashitla.com
Lead managers	Inventure Merchant Banker Services Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 6 Oct 2025. Check it on the registrar's page (Maashitla Securities Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the B.A.G. Convergence IPO price band and lot size?

The price band is ₹82–87 per share, and one lot is 1600 shares (₹1,39,200 at the upper price).

When is the B.A.G. Convergence IPO allotment date?

Allotment was finalised on 6 Oct 2025, the next working day after bidding closed on 3 Oct 2025.

How many times was the B.A.G. Convergence IPO subscribed?

Subscription figures are not available yet.

What is the B.A.G. Convergence IPO listing date?

It listed on 8 Oct 2025 on NSE Emerge (SME).

When does the B.A.G. Convergence anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 4 Nov 2025 and the 90-day lock-in on the rest ends on 3 Jan 2026; they can sell from the next trading day.

What was the B.A.G. Convergence listing gain?

It opened at ₹101.00 against an issue price of ₹87, a gain of 16.09%. It is now up 28.39% from the issue price.