What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of B.A.G.Convergence Limited IPO?

B.A.G.Convergence Limited IPO has received a total subscription of 1.38 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

B.A.G.Convergence Limited

ListedSME

Emerging SME Services · NSE

B.A.G. Convergence Limited, founded in April 2007, provides technical support and production services for TV channels and websites. It launched its first site, news24online.com, the same year and creates video content for platforms like YouTube, Facebook, and Instagram. The company also partners with Samsung to offer its apps on Connected TVs. Its services include AI-driven content solutions, cloud-based broadcasting, high-definition and 4K video production, and content for OTT streaming platforms. As of August 31, 2025, B.A.G. Convergence had 87 employees across different departments.

Price Band

₹82 – ₹87

Issue Size

₹48.72 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹87

at current GMP

Subscribed

1.38x

overall

Open

30 Sep 2025

3 Oct 2025

Allotment

6 Oct 2025

Refund

7 Oct 2025

Demat Credit

8 Oct 2025

Listing

8 Oct 2025

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

1.38x

Total Demand

QIB Multiplier

1.38x

Institutions & Funds

NII / HNI

2.63x

High Net-Worth

Retail (RII)

0.83x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.38x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,040,000	1,438,400	1.38x
NIB	832,000	2,187,200	2.63x
HNIs(10L +)	555,200	2,016,000	3.63x
HNIs (2-10L)	276,800	171,200	0.62x
RETAIL	1,888,000	1,561,600	0.83x
Total	4,592,000	7,374,400	1.38x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 0.76x

Category	Applications Reserved	Applications Received	Times Subscribed
RETAIL	590	488	0.83x
HNIs(10L +)	116	68	0.59x
HNIs (2-10L)	58	28	0.48x
Total Applications	764	584	0.76x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About B.A.G.Convergence Limited Public Issue & Market Profile

B.A.G.Convergence Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹48.72 Crores. The shares are offered at a price band of ₹82 to ₹87 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2025-10-03, the basis of allotment is scheduled to be finalized on 2025-10-06. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is B.A.G.Convergence Limited IPO GMP today?

Currently, B.A.G.Convergence Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹82 to ₹87 per equity share.

What is the expected profit per lot for B.A.G.Convergence Limited IPO?

The retail lot size is 1600 shares requiring a minimum application amount of ₹1,39,200. Expected listing price is ₹87 per equity share.

What is the issue size and price band for B.A.G.Convergence Limited IPO?

The B.A.G.Convergence Limited IPO aggregate issue size is ₹48.72 Crores with an equity price band set at ₹82 to ₹87 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,39,200.

How can I check B.A.G.Convergence Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.38x (Retail: 0.83x, QIB: 1.38x, NII: 2.63x). You can track live multiples directly on our dedicated subscription page.

Where and when will B.A.G.Convergence Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2025-10-06. Investors can verify status using PAN card or application number.

When is the listing date for B.A.G.Convergence Limited IPO?

B.A.G.Convergence Limited shares are scheduled to list on NSE on 2025-10-08.