
B.A.G Convergence IPO Listing at 16% premium at ₹101 Per Share
Posted by : sachet | Wed Oct 08 2025

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B.A.G Convergence IPO Listing: The B.A.G Convergence IPO was subscribed 1.38 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 1.38 times the allocation, and non-institutional investors (NIIs) received 2.63 times the allocation. The retail quota of the issue was subscribed to 33.71%. Before delving deeper into the topic, go through the details of the B.A.G. Convergence IPO.
B.A.G Convergence IPO Listing
On the NSE and SME platforms, shares are listed at ₹101 per share, representing a 16% premium over the issue price of ₹87.
B.A.G. Convergence IPO Details
It is a book-building IPO of ₹48.72 crores, comprising an entirely fresh issue of ₹0.56 crores. The problem will be listed on NSE and SME on its tentative listing date, 8th October 2025.
The B.A.G. Convergence IPO date is fixed between 30th September 2025 and 3rd October 2025. The face value of B.A.G. Convergence’s IPO shares is ₹10 per share, and the IPO price is set between ₹82 and ₹87 per share.
| IPO Open Date | 30th September 2025 |
| IPO Close Date | 3rd October 2025 |
| IPO Allotment Date | 6th October 2025 |
| Refund Initiation | 7th October 2025 |
| Issue Size | 56,00,000 shares(aggregating up to ₹48.72 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Issue Price Final | ₹82 and ₹87 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & SME |
| Listing Date | 8th October 2025 |
About B.A.G Convergence Limited
B.A.G. Convergence Limited was established in 2006. B.A.G. Convergence Limited provides innovative solutions across various sectors, with a focus on sustainability and quality. The company specialises in turnkey EPC projects, focusing on water-based and renewable energy sectors, delivering innovative, sustainable solutions tailored to meet project-specific challenges for optimal performance. The company provides clean, safe water across diverse sectors, including farming irrigation, solar module cleaning, dust suppression in cement factories, and a reliable water supply for residential housing projects. In the renewable energy sector, the company focuses on constructing Compressed Bio-Gas (CBG) plants, providing turnkey execution for civil, mechanical, and pumping systems to ensure seamless project delivery and support sustainable energy solutions.
B.A.G. Convergence Limited Financials
The company’s financial analysis is essential before applying for the B.A.G. Convergence IPO. Refer to the table to learn about B.A.G. Convergence Limited’s financial information.
| Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 40.58 | 25.77 | 22.71 |
| Revenue | 59.80 | 30.57 | 33.03 |
| Profit After Tax | 6.02 | 0.60 | 0.42 |
| Net Worth | 9.57 | 3.31 | 2.32 |
| EBITDA | 9.76 | 2.36 | 1.69 |
| Reserve and Surplus | 5.57 | 3.06 | 2.32 |
| Total Borrowing | 20.22 | 16.30 | 15.92 |
Explanation
B.A.G. Convergence Limited’s revenue increased by 96% from ₹30.57 crores in March 2024 to ₹59.80 crores in March 2025. Moreover, the company’s PAT rose by 898% from ₹0.60 crores to ₹6.02 crores.
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