IPO market

B.A.G. Convergence IPO is a SME book building IPO. Issue size is 48.72 Cr. Price band is ₹82 to ₹87 per share. Minimum investment is ₹2.78 L. Lot size is 1600 shares. Open from 30 Sept 2025 to 3 Oct 2025. Allotment on 6 Oct 2025. Listing on 8 Oct 2025 at NSE. Managed by Inventure Merchant Banker Services Pvt.Ltd. Registrar: Maashitla Securities Private Limited. Key details for GMP, subscription, price, allotment, and listing in one place.
Live IPO subscription for B.A.G. Convergence IPO across categories. Total demand ₹54.67 L vs offered ₹37.60 L.
| Category | Offered | Placed | Times |
|---|---|---|---|
| QII | 10,40,000 | 14,38,400 | 1.38 |
| NII | 8,32,000 | 24,67,200 | 2.97 |
| NII (>10L) | 5,55,200 | 22,96,000 | 4.14 |
| NII (<10L) | 2,76,800 | 1,71,200 | 0.62 |
| Retail | 18,88,000 | 15,61,600 | 0.83 |
| Total | 54,67,200 | 37,60,000 | 1.45 |
| Category | Offered | Placed | Times |
|---|---|---|---|
| HNI (>10L) | 113 | 68 | 0.60 |
| HNI (3-10L) | 57 | 28 | 0.49 |
| Retail | 590 | 488 | 0.83 |
| Total | 584 | 760 | 0.77 |
How to read QIB / NII / Retail demand and what it implies.