Comparison between B.A.G.Convergence IPO and Optivalue Tek Consulting IPO.
B.A.G.Convergence IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Optivalue Tek Consulting IPO is a SME Bookbuilding proposed to list at NSE SME.
| B.A.G.Convergence IPO | Optivalue Tek Consulting IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Share India Capital Services Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | ACME Capital Market Ltd. | Choice Equity Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| 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 Optivalue Tek Consulting IPO is up to ₹49.19 Cr. The final issue price of B.A.G.Convergence IPO is ₹87.00 per share and of Optivalue Tek Consulting IPO is ₹84.00 per share.
| B.A.G.Convergence IPO | Optivalue Tek Consulting IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹82.00 per share | ₹80.00 per share |
| Issue Price (Upper) | ₹87.00 per share | ₹84.00 per share |
| Issue Price (Final) | ₹87.00 per share | ₹84.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 53,20,000 shares | 58,56,000 shares |
| Fresh Issue Size (Amount) | up to ₹46.28 Cr | up to ₹49.19 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 | 58,56,000 shares |
| Issue Size Total (Amount) | up to ₹46.28 Cr | up to ₹49.19 Cr |
B.A.G.Convergence IPO opens on Sep 30, 2025, while Optivalue Tek Consulting IPO opens on Sep 02, 2025. The closing date of B.A.G.Convergence IPO and Optivalue Tek Consulting IPO is Oct 03, 2025, and Sep 04, 2025, respectively.
| B.A.G.Convergence IPO | Optivalue Tek Consulting IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | Sep 01, 2025 |
| Issue Open | Sep 30, 2025 | Sep 02, 2025 |
| Issue Close | Oct 03, 2025 | Sep 04, 2025 |
| Basis Of Allotment (Tentative) | Oct 06, 2025 | Sep 08, 2025 |
| Initiation of Refunds (Tentative) | Oct 07, 2025 | Sep 08, 2025 |
| Credit of Share (Tentative) | Oct 07, 2025 | Sep 09, 2025 |
| Listing date (Tentative) | Oct 08, 2025 | Sep 10, 2025 |
| Anchor Lockin End date 1 | Nov 05, 2025 | Oct 08, 2025 |
| Anchor Lockin End date 2 | Jan 04, 2026 | Dec 07, 2025 |
B.A.G.Convergence IPO P/E ratio is 14.45, as compared to Optivalue Tek Consulting IPO P/E ratio of 11.93.
| B.A.G.Convergence IPO | Optivalue Tek Consulting 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)Optivalue Tek Consulting Ltd.'s revenue increased by 54% and profit after tax (PAT) rose by 121% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 89.58 | 87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.93 | 64.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.45 | 11.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹184.60 Cr. | ₹196.66 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 38.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 50.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.57 | 0.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.02 | ₹7.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.96 | 38.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the B.A.G.Convergence IPO Retail Individual Investors (RII) are offered 18,88,000 shares while in Optivalue Tek Consulting 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 11,68,000 shares in Optivalue Tek Consulting IPO.
| B.A.G.Convergence IPO | Optivalue Tek Consulting IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,60,000 shares | 17,36,000 shares |
| Market Maker Reservation | 2,80,000 shares | 3,13,600 shares |
| QIB | 10,40,000 shares | 11,68,000 shares |
| NII | 8,32,000 shares | 8,88,000 shares |
| RII | 18,88,000 shares | 20,64,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 53,20,000 shares | 58,56,000 shares |
B.A.G.Convergence IPO subscribed 1.38x in total, whereas Optivalue Tek Consulting IPO subscribed 64.45x.
| B.A.G.Convergence IPO | Optivalue Tek Consulting IPO | |
|---|---|---|
| QIB (times) | 1.38x | 49.27x |
| NII (times) | 2.63x | 118.82x |
| Big NII (times) | 3.63x | 142.84x |
| Small NII (times) | 0.62x | 70.77x |
| RII (times) | 0.83x | 49.64x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.38x | 64.45x |
