Bag Convergence Ipo
B.A.G.Convergence IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Inventure Merchant Banker Services Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,78,400 |
| Retail Maximum | 2 | 3,200 | ₹2,78,400 |
| S-HNI Minimum | 3 | 4,800 | ₹4,17,600 |
| S-HNI Maximum | 7 | 11,200 | ₹9,74,400 |
| B-HNI Minimum | 8 | 12,800 | ₹11,13,600 |
| Investor Category | Share Offered | -% Shares |
| Market Maker Shares Offered | 2,80,000 Shares | 5.00% |
| Anchor Investor | 15,60,000 Shares | 27.86% |
| QIB (Ex. Anchor) | 10,40,000 Shares | 18.57% |
| NII Shares Offered | 8,32,000 Shares | 14.86% |
| Retail Shares Offered | 18,88,000 Shares | 33.71% |
| Anchor Bidding Date | September 29, 2025 |
| Anchor Investors List | |
| Shares Offered | 15,60,000 Shares |
| Anchor Size | 13.57 Cr. |
| lock-in period end date 50% shares (30 Days) | November 5, 2025 |
| lock-in period end date 50% shares (90 Days) | January 4, 2026 |
| IPO Open Date: | September 30, 2025 |
| IPO Close Date: | October 3, 2025 |
| Basis of Allotment: | October 6, 2025 |
| Refunds: | October 7, 2025 |
| Credit to Demat Account: | October 7, 2025 |
| IPO Listing Date: | October 8, 2025 |
| IPO Bidding Cut-off Time: | October 3, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,56,18,800 | 89.58% |
| Promoter Holding Post Issue | 2,12,18,800 | 65.93% |
| Purpose | Crores |
| Expansion of Existing Business | 13.49 |
| Acquisition/ Production of Content | 13.30 |
| Brand building expenses | 5.00 |
| General Corporate Purpose | – |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹24.96 | ₹18.46 | ₹4.99 | ₹11.57 |
| 2024 | ₹30.33 | ₹19.45 | ₹8.05 | ₹18.33 |
| 2025 | ₹35.85 | ₹21.86 | ₹9.41 | ₹43.84 |
| KPI | Values |
| ROE: | 40.96% |
| ROCE: | -% |
| EBITDA Margin: | 39.04% |
| PAT Margin: | 25.37% |
| Debt to equity ratio: | 0.57 |
| Earning Per Share (EPS): | ₹5.82 (Basic) |
| Price/Earning P/E Ratio: | 14.09 |
| Return on Net Worth (RoNW): | 40.96% |
| Net Asset Value (NAV): | ₹14.22 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| TV Today Network* | 12.54 | 11.98 | 9.28% | 149.44 | 1038.73 Cr. |
| Zee Media | (1.60) | (7.83) | (23.50%) | 6.83 | 463.51 Cr. |
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 3, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹82 to ₹87 Per Share |
| Issue Size | Approx ₹48.72 Crores |
| Fresh Issue | Approx ₹48.72 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |