Comparison between B.A.G.Convergence IPO and Chemkart India IPO.
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 IPO | Chemkart India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | ACME Capital Market Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of B.A.G.Convergence IPO is up to ₹46.28 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 ₹87.00 per share and of Chemkart India IPO is ₹248.00 per share.
| B.A.G.Convergence IPO | Chemkart India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹82.00 per share | ₹236.00 per share |
| Issue Price (Upper) | ₹87.00 per share | ₹248.00 per share |
| Issue Price (Final) | ₹87.00 per share | ₹248.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 600 shares |
| Fresh Issue Size | 53,20,000 shares | 24,33,800 shares |
| Fresh Issue Size (Amount) | up to ₹46.28 Cr | up to ₹60.36 Cr |
| OFS Issue Size | 0 shares | 6,29,200 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹15.60 Cr |
| Issue Size Total | 53,20,000 shares | 30,63,000 shares |
| Issue Size Total (Amount) | up to ₹46.28 Cr | up to ₹75.96 Cr |
B.A.G.Convergence IPO opens on Sep 30, 2025, while Chemkart India IPO opens on Jul 07, 2025. The closing date of B.A.G.Convergence IPO and Chemkart India IPO is Oct 03, 2025, and Jul 09, 2025, respectively.
| B.A.G.Convergence IPO | Chemkart India IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | Jul 04, 2025 |
| Issue Open | Sep 30, 2025 | Jul 07, 2025 |
| Issue Close | Oct 03, 2025 | Jul 09, 2025 |
| Basis Of Allotment (Tentative) | Oct 06, 2025 | Jul 10, 2025 |
| Initiation of Refunds (Tentative) | Oct 07, 2025 | Jul 11, 2025 |
| Credit of Share (Tentative) | Oct 07, 2025 | Jul 11, 2025 |
| Listing date (Tentative) | Oct 08, 2025 | Jul 14, 2025 |
| Anchor Lockin End date 1 | Nov 05, 2025 | Aug 09, 2025 |
| Anchor Lockin End date 2 | Jan 04, 2026 | Oct 08, 2025 |
B.A.G.Convergence IPO P/E ratio is 14.45, as compared to Chemkart India IPO P/E ratio of 9.71.
| B.A.G.Convergence IPO | Chemkart India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)B.A.G.Convergence Ltd.'s revenue increased by 18% and profit after tax (PAT) rose by 17% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Chemkart India Ltd.'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.
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| Promoter Shareholding (Pre-Issue) | 89.58 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.93 | 73.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.45 | 9.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹184.60 Cr. | ₹300.06 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.57 | 0.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.02 | ₹25.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.96 | 45.52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the B.A.G.Convergence IPO Retail Individual Investors (RII) are offered 18,88,000 shares while in Chemkart India IPO retail investors are offered 18,88,000 shares. Qualified Institutional Buyers (QIB) are offered 10,40,000 shares in B.A.G.Convergence IPO and 6,09,600 shares in Chemkart India IPO.
| B.A.G.Convergence IPO | Chemkart India IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,60,000 shares | 9,11,400 shares |
| Market Maker Reservation | 2,80,000 shares | 1,66,200 shares |
| QIB | 10,40,000 shares | 6,09,600 shares |
| NII | 8,32,000 shares | 4,63,200 shares |
| RII | 18,88,000 shares | 10,78,800 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 53,20,000 shares | 30,63,000 shares |
B.A.G.Convergence IPO subscribed 1.38x in total, whereas Chemkart India IPO subscribed 5.91x.
| B.A.G.Convergence IPO | Chemkart India IPO | |
|---|---|---|
| QIB (times) | 1.38x | 13.69x |
| NII (times) | 2.63x | 5.64x |
| Big NII (times) | 3.63x | |
| Small NII (times) | 0.62x | |
| RII (times) | 0.83x | 1.63x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.38x | 5.91x |
