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15 Days Price Change

B.A.G. Convergence IPO

Closing In

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Issue Size 35.15 Cr
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Price Range 82  to  87 per share
Profile
Min Investment ₹87
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our Company was founded with the vision of becoming a key player in the digital media space. Started its journey in 2007with the launch of our first website, news24online.com. Soon after, we introduced a Hindi version,hindi.news24online.com, to cater to a wider audience. Expanding into the entertainment space, we launchede24bollywood.com, covering Bollywood news and updates. In the beginning, we relied on Google AdSense for ad revenue,but as we grew, content aggregators like Times Internet Limited (TIL), Daily hunt and direct clients including governmentagencies helped us generate additional income and build our brand recognition over a period.Over a few years, we have constantly adapted to technological advancements to stay relevant in the competitive marketand shifting user preferences. Initially, our websites were desktop-focused, but with the rise of smartphones and mobileinternet, we shifted our focus to mobile users. Google’s move to mobile-first indexing made this shift even more important.We also developed mobile apps viz. News24, E24 to offer a more personalised experience to our readers. The transitionfrom 2G to 5G has allowed us to create more mobile-friendly content and quickly connect with our audience. Read More

Basic Info

Face Value 10 per share

Price 82  to  87 per share

P/E (x) 15

Sales( Cr.) 36

PAT( Cr.) 9

EPS 5.8

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Anuradha Prasad Shukla

Pre Issue Share Holding 89.58%

Post Issue Share Holding --%

Listing Details:

Listing Price: 101

Listing Gain: 13.86%

Current Price: 116

Gain On Issue: 116 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 30, 2025
Closing Date Oct 03, 2025
Allotment Oct 06, 2025
Refund Oct 07, 2025
Delivery of Shares Oct 07, 2025
Listing Date Oct 08, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3200 278,400
Retail (Max) -- -- --
S-HNI (Min) 1 3200 278,400
S-HNI (Max) 3 9600 835,200
B-HNI (Min) 4 12800 1,113,600

Objective of the Issue

1. Expansion of Existing Business2. Acquisition/ Production of Content3. Brand building expenses4. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 0 1438400 0x
NII 0 2467200 0x
Retail 0 1561600 0x
EMP 0 0 0x
Total 0 5467200 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

B.A.G. Convergence Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 22 25 30 36
Other Income 0 0 0 0
Total Income 22 25 30 36
Total Expenditure 20 18 19 22
Operating Profit 3 6 11 14
Interest 0 0 0 0
Depreciation 0 0 0 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 3 6 11 13
Provision for Tax -0 1 3 3
Profit After Tax 3 5 8 9
Adjustments 0 0 0 0
Profit After Adjustments 3 5 8 9
Adjusted Earnings Per Share 1.9 3.6 5.7 6

B.A.G. Convergence Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -6 -1 7 22
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities 5 5 5 4
Total Current Liabilities 14 8 6 18
Total Liabilities 13 12 18 44
Fixed Assets 0 0 0 5
Other Non-Current Assets 2 3 1 1
Total Current Assets 10 8 17 38
Total Assets 13 12 18 44

B.A.G. Convergence Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 1 1 7
Cash Flow from Operating Activities 13 1 4 4
Cash Flow from Investing Activities 0 -1 2 -5
Cash Flow from Financing Activities -15 1 -1 13
Net Cash Inflow / Outflow -2 0 5 12
Closing Cash & Cash Equivalent 1 1 7 18

B.A.G. Convergence Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.88 3.56 5.74 6.02
CEPS(Rs) 1.91 3.61 5.77 6.57
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) -4.21 -0.66 5.07 14.22
Core EBITDA Margin(%) 11.21 25.49 34.99 38.66
EBIT Margin(%) 11.73 25.93 36.23 36.88
Pre Tax Margin(%) 11.68 25.9 36.23 35.47
PAT Margin (%) 11.82 20.14 26.92 26.4
Cash Profit Margin (%) 11.97 20.42 27.05 28.8
ROA(%) 20.82 41.25 54.04 30.31
ROE(%) 0 0 260.09 64.16
ROCE(%) 0 0 350.14 89.63
Receivable days 78.76 62.39 63.29 106.39
Inventory Days 28.88 26.01 21.54 18.08
Payable days 0 0 0 0
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.06 -0.06 -0.22 -0.07
EV/Core EBITDA(x) -0.48 -0.21 -0.61 -0.19
Net Sales Growth(%) 0 11.03 20.74 19.11
EBIT Growth(%) 0 145.44 68.72 21.22
PAT Growth(%) 0 89.14 61.36 16.82
EPS Growth(%) 0 89.14 61.36 4.85
Debt/Equity(x) 0 0 0 0
Current Ratio(x) 0.75 1.07 2.66 2.14
Quick Ratio(x) 0.63 0.84 2.38 2.04
Interest Cover(x) 242.39 868.27 3871.54 26.3
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 18% 0% 0%
Operating Profit CAGR 27% 67% 0% 0%
PAT CAGR 13% 44% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 64% 108% 81% 81%
ROCE Average 90% 147% 110% 110%

Company Contact Information

B.A.G. Convergence Ltd.

Kriti Jain

91 120 6354200

kriti.jain@bagconvergence.in

352, Aggarwal Plaza Plot No. 8, Kondli East Delhi

IPO Lead Manager(s)

B.A.G. Convergence Ltd.

Inventure Merchant Bankers Services Pvt Ltd.

Registrar Info

B.A.G. Convergence Ltd.

Maashitla Securities Pvt Ltd.

905, Aggarwal Corporate Heights, Netaji Subhash Place, Pi tampura, New Delhi

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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