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B.A.G.Convergence IPO vs Grace Renewable Energy IPO

Comparison between B.A.G.Convergence IPO and Grace Renewable Energy IPO.

IPO Details

B.A.G.Convergence IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Grace Renewable Energy IPO is a SME Bookbuilding proposed to list at BSE SME.

 B.A.G.Convergence IPOGrace Renewable Energy IPO
LogoB.A.G.Convergence IPO LogoGrace Renewable Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Kfin Technologies Ltd.
Market MakerACME Capital Market Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO 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 Grace Renewable Energy IPO is up to ₹0.00 Cr. The final issue price of B.A.G.Convergence IPO is and of Grace Renewable Energy IPO is .

 B.A.G.Convergence IPOGrace Renewable Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size
Fresh Issue Size56,00,000 shares44,00,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
OFS Issue Size0 shares11,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,00,000 shares55,00,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹0.00 Cr

IPO Timetable

B.A.G.Convergence IPO opens on , while Grace Renewable Energy IPO opens on . The closing date of B.A.G.Convergence IPO and Grace Renewable Energy IPO is , and , respectively.

 B.A.G.Convergence IPOGrace Renewable Energy IPO
Anchor Bid Date
Issue Open
Issue Close
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

B.A.G.Convergence IPO P/E ratio is , as compared to Grace Renewable Energy IPO P/E ratio of .

 B.A.G.Convergence IPOGrace Renewable Energy 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

Grace Renewable Energy Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets24.9316.429.198.33
Total Income52.7678.3238.7449.47
Profit After Tax75.750.730.87
Net Worth16.29.213.462.73
Reserves and Surplus13.26.213.412.68
Total Borrowing2.173.244.13.03
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.58100.00
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE77.06%
Debt/Equity0.35
EPS
RoNW6.50%62.40%

Shares Offered

In the B.A.G.Convergence IPO Retail Individual Investors (RII) are offered while in Grace Renewable Energy IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in B.A.G.Convergence IPO and in Grace Renewable Energy IPO.

 B.A.G.Convergence IPOGrace Renewable Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

B.A.G.Convergence IPO subscribed in total, whereas Grace Renewable Energy IPO subscribed .

 B.A.G.Convergence IPOGrace Renewable Energy IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)