B.A.G.Convergence Ltd. IPO (B.A.G.Convergence IPO) Detail

B.A.G.Convergence Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the exchange on December 12, 2024 to raise funds through Initial Public Offer (IPO) and is currently under process. This indicates that the DRHP is under review by the exchange.

B.A.G.Convergence Ltd. IPO is a Book Build Issue

The equity shares are proposed to be listed on the NSE SME. Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to B.A.G.Convergence IPO DRHP for more details.

B.A.G.Convergence IPO Details

IPO Date	[.]
Listing Date	[.]
Face Value	₹10 per share
Issue Price Band	[.] to [.] per share
Lot Size
Sale Type	Fresh Capital
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,56,18,800 shares
Share Holding Post Issue	2,12,18,800 shares

B.A.G. Convergence IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Offer
Retail Shares Offered	Not less than 35.00% of the Net Offer
NII Shares Offered	Not less than 15% of the Net Issue

B.A.G.Convergence IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Thu, Dec 12, 2024
Under Process	Thu, May 8, 2025

B.A.G.Convergence IPO Promoter Holding

The promoter of the company is Anuradha Prasad Shukla.

Promoter Holding Pre Issue	89.58%
Promoter Holding Post Issue

Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

About B.A.G.Convergence Ltd.

Incorporated in April 2007, B.A.G. Convergence Limited specializes in providing technical assistance and production services for television channels and websites. The company launched its first website in 2007, named news24online.com.

The company produces videos for its website and platforms like YouTube, Facebook, and Instagram, while also partnering with Samsung to enter the Connected TV (CTV) space through app preinstallation on their TVs.

The company offers following services:-

Artificial Intelligence & Automation: Implementing AI-driven solutions to optimize content creation, editing, and distribution.
Cloud-Based Broadcasting: Utilizing cloud infrastructure for seamless media management and live broadcasting.
High-Definition & 4K Content Production: Producing high-quality video content to meet evolving audience expectations.
OTT & Streaming Services: Expanding its digital footprint by developing content for Over-the-Top (OTT) platforms, ensuring a wider reach in the online entertainment sector.

As of November 30 2024, the company had 72 employees in various departments.

Competitive Strength:

Strong Legacy in Media & Broadcasting: As part of the B.A.G. Network, the company benefits from decades of experience in television and digital content production.
Advanced Production Infrastructure: Equipped with state-of-the-art studios, post-production facilities, and cutting-edge broadcasting technology.
Diversified Content Portfolio: Engages audiences across multiple platforms, including television, digital media, and OTT services.
Agile & Innovative Approach: Continuously adapts to market trends by embracing new storytelling techniques and emerging technologies.

Company Financials

B.A.G. Convergence Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	22.43	18.33	11.57	12.71
Total Income	10.08	30.33	24.96	22.47
Profit After Tax	2.59	8.03	4.98	2.54
Net Worth	15.7	7.11	-0.92	-5.9
Reserves and Surplus	7.89	7.1	-0.93	-5.91
Amount in ₹ Crore

Key Performance Indicator (KPI)

KPI	Values
RoNW	6.50%
PAT Margin	26.48%

Objects of the Issue (B.A.G.Convergence IPO Objectives)

The Company B.A.G. Convergence IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (in Millions)
1	Expansion of Existing Busines	134.9
2	Acquisition/ Production of Content	132.95
3	Brand building expenses	50
4	General Corporate Purposes

B.A.G.Convergence IPO Prospectus

› B.A.G.Convergence IPO DRHP

B.A.G.Convergence Ltd. Contact Details

B.A.G.Convergence Ltd.
352, Aggarwal Plaza
Plot No. 8,
Kondli
East Delhi, New Delhi, 110096
Phone: +91 120 4602424
Email: kriti.jain@bagconvergence.in
Website: http://www.bagconvergence.in/

B.A.G.Convergence IPO Registrar

Maashitla Securities Pvt.Ltd.

Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

B.A.G.Convergence IPO - Buy or Not

B.A.G.Convergence IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	0	0	0
Members	0	0	0

Read All Reviews Post Your Review Manage Reviews

B.A.G.Convergence IPO Lead Manager(s)

Inventure Merchant Banker Services Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

SME IPO Consultant

Thinking about listing through SME IPO?
We can help!

Check our SME IPO Guide New

B.A.G.Convergence IPO FAQs

B.A.G.Convergence IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .

The B.A.G.Convergence IPO open and close dates are not available as of now.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in B.A.G.Convergence IPO using UPI as a payment gateway. Zerodha customers can apply in B.A.G.Convergence IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in B.A.G.Convergence IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'B.A.G.Convergence IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The B.A.G.Convergence IPO dates are not announced. Please check back again after some time.

B.A.G.Convergence IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in B.A.G.Convergence IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for B.A.G.Convergence IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the B.A.G.Convergence IPO allotment status.

The B.A.G.Convergence IPO listing date is not yet announced. The tentative date of B.A.G.Convergence IPO listing is [.].

B.A.G.Convergence IPO Message Board

IPO Message Board |Ranked Members |Members with Most Likes

Useful Articles