Comparison between B.A.G.Convergence IPO and Grace Renewable Energy IPO.
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.
The total issue size of B.A.G.Convergence IPO is up to ₹46.28 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 ₹87.00 per share and of Grace Renewable Energy IPO is .
| B.A.G.Convergence IPO | Grace Renewable Energy IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹82.00 per share | |
| Issue Price (Upper) | ₹87.00 per share | |
| Issue Price (Final) | ₹87.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | |
| Fresh Issue Size | 53,20,000 shares | 44,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹46.28 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 11,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 53,20,000 shares | 55,00,000 shares |
| Issue Size Total (Amount) | up to ₹46.28 Cr | up to ₹0.00 Cr |
B.A.G.Convergence IPO opens on Sep 30, 2025, while Grace Renewable Energy IPO opens on . The closing date of B.A.G.Convergence IPO and Grace Renewable Energy IPO is Oct 03, 2025, and , respectively.
| B.A.G.Convergence IPO | Grace Renewable Energy IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | |
| Issue Open | Sep 30, 2025 | |
| Issue Close | Oct 03, 2025 | |
| Basis Of Allotment (Tentative) | Oct 06, 2025 | |
| Initiation of Refunds (Tentative) | Oct 07, 2025 | |
| Credit of Share (Tentative) | Oct 07, 2025 | |
| Listing date (Tentative) | Oct 08, 2025 | |
| Anchor Lockin End date 1 | Nov 05, 2025 | |
| Anchor Lockin End date 2 | Jan 04, 2026 |
B.A.G.Convergence IPO P/E ratio is 14.45, as compared to Grace Renewable Energy IPO P/E ratio of .
| B.A.G.Convergence IPO | Grace Renewable Energy IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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)
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| Promoter Shareholding (Pre-Issue) | 89.58 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹184.60 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 77.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.57 | 0.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.96 | 62.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the B.A.G.Convergence IPO Retail Individual Investors (RII) are offered 18,88,000 shares while in Grace Renewable Energy 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 in Grace Renewable Energy IPO.
| B.A.G.Convergence IPO | Grace Renewable Energy IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,60,000 shares | |
| Market Maker Reservation | 2,80,000 shares | |
| QIB | 10,40,000 shares | |
| NII | 8,32,000 shares | |
| RII | 18,88,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 53,20,000 shares |
B.A.G.Convergence IPO subscribed 1.38x in total, whereas Grace Renewable Energy IPO subscribed .
| B.A.G.Convergence IPO | Grace Renewable Energy IPO | |
|---|---|---|
| QIB (times) | 1.38x | |
| NII (times) | 2.63x | |
| Big NII (times) | 3.63x | |
| Small NII (times) | 0.62x | |
| RII (times) | 0.83x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.38x |
