B.A.G. Convergence SME IPO Subscription Status
The B.A.G. Convergence SME IPO closed on 3 October 2025 with an overall subscription of 1.38x based on shares applied.
Allotment will be finalised on 6 October 2025. The stock is scheduled to list on NSE and BSE on 8 October 2025.
Issue Price
Rs 87.00
GMP Today
-
Overall Subscription
1.38x
Issue Size
₹46.28 Cr
Allotment Date
6 Oct 2025
Listing Date
8 Oct 2025
What Do These Subscription Numbers Mean?
A subscription of 1.38x means the IPO received bids for 1 times the number of shares available. For every 1 applications, only 1 can receive an allotment.
Here is what each category number tells you:
B.A.G. Convergence SME IPO Allotment Chances
Based on the final subscription data, here is a realistic view of allotment probability by category.
QIB Category: QIB allotment is discretionary and handled by the book running lead managers. Retail investors do not participate in this category.
Check the B.A.G. Convergence SME IPO Allotment Status page from 6 October 2025 for your allotment result.
B.A.G. Convergence SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 30 Sept 2025 | 0.00x | 0.97x | 0.10x | 0.26x |
| Day 2 - 1 Oct 2025 | 0.00x | 1.05x | 0.19x | 0.33x |
| Day 3 - 2 Oct 2025 | 1.38x | 2.63x | 0.83x | 1.38x |
B.A.G. Convergence SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 30 September 2025 |
| IPO Close Date | 3 October 2025 |
| Allotment Date | 6 October 2025 |
| Refund Initiation | 7 October 2025 |
| Share Credit to Demat | 7 October 2025 |
| Listing Date | 8 October 2025 |
| Minimum Investment | Rs 2,78,400.00 |
| Lot Size | 1600 shares |
About B.A.G. Convergence SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
B.A.G. Convergence SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
B.A.G. Convergence SME IPO Allotment Status
Check allotment result on allotment date
B.A.G. Convergence SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
B.A.G. Convergence SME IPO Subscription FAQs
What is the current subscription status of B.A.G. Convergence SME?
B.A.G. Convergence SME IPO closed on 3 October 2025 with an overall subscription of 1.38x based on shares applied. QIB subscribed N/A, NII N/A, and retail N/A.
What are the allotment chances for retail investors?
Retail allotment chances depend on final oversubscription. Allotment is by lottery when retail subscription exceeds 1x.
When will B.A.G. Convergence SME allotment be finalised?
Allotment will be finalised on 6 October 2025. You can check your allotment status on the B.A.G. Convergence SME IPO Allotment Status page from that date.
What happens after subscription closes?
After the subscription closes, the registrar processes all applications and finalises allotment on 6 October 2025. Refunds for unsuccessful applications are typically initiated before listing. Shares are credited to demat accounts before the listing date on 8 October 2025.
Can I apply after subscription closes?
No. The subscription window closed on 3 October 2025. All applications must be submitted during the open period. Late applications are rejected automatically.
What is the difference between QIB, NII, and IND subscription?
QIB includes institutional investors such as mutual funds, FIIs, and banks. NII includes high net worth individuals applying above Rs 2 lakh. IND includes individual investors applying up to Rs 2 lakh. Each category has separate reservation and different allotment rules.
How does subscription affect allotment chances?
Higher oversubscription means fewer applicants receive allotment. In the retail category, allotment is by lottery. In the NII category, allotment is proportional. At 1.38x overall subscription, competition for shares is moderate.
What is the issue size and lot size for B.A.G. Convergence SME?
Issue size is ₹46.28 Cr. Lot size is 1600 shares. Minimum investment at the issue price of Rs 87.00 is Rs 2,78,400.00 per lot (minimum 2 lots for SME).
For allotment results from 6 October 2025, visit the B.A.G. Convergence SME IPO Allotment Status page. For listing day updates on 8 October 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.