Comparison between B.A.G.Convergence IPO and Hannah Joseph Hospital IPO.
B.A.G.Convergence IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Hannah Joseph Hospital IPO is a SME Bookbuilding proposed to list at BSE SME.
| B.A.G.Convergence IPO | Hannah Joseph Hospital 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. | Capital Square Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | ACME Capital Market Ltd. | CapitalSquare Financial Services Private Limited |
| 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 Hannah Joseph Hospital IPO is up to ₹39.90 Cr. The final issue price of B.A.G.Convergence IPO is ₹87.00 per share and of Hannah Joseph Hospital IPO is ₹70.00 per share.
| B.A.G.Convergence IPO | Hannah Joseph Hospital IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹82.00 per share | ₹67.00 per share |
| Issue Price (Upper) | ₹87.00 per share | ₹70.00 per share |
| Issue Price (Final) | ₹87.00 per share | ₹70.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 2000 shares |
| Fresh Issue Size | 53,20,000 shares | 57,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹46.28 Cr | up to ₹39.90 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 53,20,000 shares | 57,00,000 shares |
| Issue Size Total (Amount) | up to ₹46.28 Cr | up to ₹39.90 Cr |
B.A.G.Convergence IPO opens on Sep 30, 2025, while Hannah Joseph Hospital IPO opens on Jan 22, 2026. The closing date of B.A.G.Convergence IPO and Hannah Joseph Hospital IPO is Oct 03, 2025, and Jan 28, 2026, respectively.
| B.A.G.Convergence IPO | Hannah Joseph Hospital IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | Jan 21, 2026 |
| Issue Open | Sep 30, 2025 | Jan 22, 2026 |
| Issue Close | Oct 03, 2025 | Jan 28, 2026 |
| Basis Of Allotment (Tentative) | Oct 06, 2025 | Jan 29, 2026 |
| Initiation of Refunds (Tentative) | Oct 07, 2025 | Jan 30, 2026 |
| Credit of Share (Tentative) | Oct 07, 2025 | Jan 30, 2026 |
| Listing date (Tentative) | Oct 08, 2025 | Feb 01, 2026 |
| Anchor Lockin End date 1 | Nov 05, 2025 | Feb 27, 2026 |
| Anchor Lockin End date 2 | Jan 04, 2026 | Apr 28, 2026 |
B.A.G.Convergence IPO P/E ratio is 14.45, as compared to Hannah Joseph Hospital IPO P/E ratio of 16.21.
| B.A.G.Convergence IPO | Hannah Joseph Hospital 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)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 89.58 | 93.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.93 | 68.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.45 | 16.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹184.60 Cr. | ₹158.89 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.57 | 0.65 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.02 | ₹4.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.96 | 14.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the B.A.G.Convergence IPO Retail Individual Investors (RII) are offered 18,88,000 shares while in Hannah Joseph Hospital 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 11,40,000 shares in Hannah Joseph Hospital IPO.
| B.A.G.Convergence IPO | Hannah Joseph Hospital IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,60,000 shares | 17,06,000 shares |
| Market Maker Reservation | 2,80,000 shares | 3,00,000 shares |
| QIB | 10,40,000 shares | 11,40,000 shares |
| NII | 8,32,000 shares | 8,58,000 shares |
| RII | 18,88,000 shares | 19,96,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 53,20,000 shares | 57,00,000 shares |
B.A.G.Convergence IPO subscribed 1.38x in total, whereas Hannah Joseph Hospital IPO subscribed 1.54x.
| B.A.G.Convergence IPO | Hannah Joseph Hospital IPO | |
|---|---|---|
| QIB (times) | 1.38x | 1.08x |
| NII (times) | 2.63x | 1.98x |
| Big NII (times) | 3.63x | 2.33x |
| Small NII (times) | 0.62x | 1.29x |
| RII (times) | 0.83x | 1.62x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.38x | 1.54x |
