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B.A.G.Convergence IPO vs Chemkart India IPO

Comparison between B.A.G.Convergence IPO and Chemkart India IPO.

IPO Details

B.A.G.Convergence IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Chemkart India IPO is a SME Bookbuilding proposed to list at BSE SME.

 B.A.G.Convergence IPOChemkart India IPO
LogoB.A.G.Convergence IPO LogoChemkart India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Smart Horizon Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerACME Capital Market Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of B.A.G.Convergence IPO is up to ₹0.00 Cr whereas the issue size of the Chemkart India IPO is up to ₹75.96 Cr. The final issue price of B.A.G.Convergence IPO is and of Chemkart India IPO is ₹248.00 per share.

 B.A.G.Convergence IPOChemkart India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹236.00 per share
Issue Price (Upper)₹248.00 per share
Issue Price (Final)₹248.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size600 shares
Fresh Issue Size56,00,000 shares24,33,800 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹60.36 Cr
OFS Issue Size0 shares6,29,200 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹15.60 Cr
Issue Size Total56,00,000 shares30,63,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹75.96 Cr

IPO Timetable

B.A.G.Convergence IPO opens on , while Chemkart India IPO opens on Jul 07, 2025. The closing date of B.A.G.Convergence IPO and Chemkart India IPO is , and Jul 09, 2025, respectively.

 B.A.G.Convergence IPOChemkart India IPO
Anchor Bid DateJul 04, 2025
Issue OpenJul 07, 2025
Issue CloseJul 09, 2025
Basis Of Allotment (Tentative)Jul 10, 2025
Initiation of Refunds (Tentative)Jul 11, 2025
Credit of Share (Tentative)Jul 11, 2025
Listing date (Tentative)Jul 14, 2025
Anchor Lockin End date 1Aug 09, 2025
Anchor Lockin End date 2Oct 08, 2025

Financials & KPIs

B.A.G.Convergence IPO P/E ratio is , as compared to Chemkart India IPO P/E ratio of 9.71.

 B.A.G.Convergence IPOChemkart India IPO
Financials

B.A.G. Convergence Limited Financial Information (Restated Consolidated)

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets22.4318.3311.5712.71
Total Income10.0830.3324.9622.47
Profit After Tax2.598.034.982.54
Net Worth15.77.11-0.92-5.9
Reserves and Surplus7.897.1-0.93-5.91
Amount in ₹ Crore

Chemkart India Limited Financial Information (Restated Consolidated)

Chemkart India Limited's revenue increased by 55% and profit after tax (PAT) rose by 67% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets86.1253.5137.48
Total Income205.46132.83131.69
Profit After Tax24.2614.527.66
EBITDA32.7620.9111.05
Net Worth53.2929.0114.50
Reserves and Surplus43.7927.6613.14
Total Borrowing17.0312.5511.33
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.58100.00
Promoter Shareholding (Post-Issue)73.28
P/E Ratio9.71
Market Cap₹300.06 Cr.
ROE59%
ROCE49%
Debt/Equity0.32
EPS₹25.54
RoNW6.50%45.52%

Shares Offered

In the B.A.G.Convergence IPO Retail Individual Investors (RII) are offered while in Chemkart India IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in B.A.G.Convergence IPO and 6,09,600 shares in Chemkart India IPO.

 B.A.G.Convergence IPOChemkart India IPO
Anchor Investor Reserveration9,11,400 shares
Market Maker Reserveration1,66,200 shares
QIB6,09,600 shares
NII4,63,200 shares
RII10,78,800 shares
Employee
Others
Total30,63,000 shares

Bids Received (Subscription)

B.A.G.Convergence IPO subscribed in total, whereas Chemkart India IPO subscribed 5.91x.

 B.A.G.Convergence IPOChemkart India IPO
QIB (times)13.69x
NII (times)5.64x
Big NII (times)
Small NII (times)
RII (times)1.63x
Employee (times)
Other (times)
Total (times)5.91x