| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹48.72 Cr |
| Reserved for Market Maker | ₹2.44 Cr |
| Net Issue Size | ₹48.72 Cr |
| Fresh Issue | ₹46.28 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹82.00-87.00 per share |
| NSE Code | BAGDIGITAL |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Inventure Merchant Banker Services... |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,200 shares · Multiples of 1,600 shares
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:-
As of n August 31, 2025, the company had 87 employees in various departments.
Competitive Strength:
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 |
| 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 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| Debt / Equity | 0.57% |
| RoNW | 40.96% |
| PAT Margin | 25.37% |
| EBITDA Margin | 39.04% |
| Price to Book Value | 18.13 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.02 | 4.43 |
| P/E (x) | 14.45 | 19.62 |
| Promoter Holding | 89.58% | 65.93% |
| Market Cap | ₹184.60 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 4.00 |
| 2 | Regulatory and other expenses including Listing Fee | 0.35 |
| 3 | Advertising and Marketing | 0.40 |
| 4 | Printing and stationery expenses, distribution, and postage | 0.05 |
Last Updated on 06-May-2026 11:35:03