B.A.G. Convergence SME IPO Subscription Status
B.A.G. Convergence SME IPO closed on 3 October 2025 with an overall subscription of 1.38x based on shares applied. QIB demand came in at 1.38x, NII at 2.63x, and retail at 0.83x.
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
B.A.G. Convergence SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 87.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 9.05 Cr | Rs 12.51 Cr | 1.38x |
| NII | Rs 7.24 Cr | Rs 19.03 Cr | 2.63x |
| sNII (Rs 2L to Rs 10L) | Rs 2.41 Cr | Rs 1.49 Cr | 0.62x |
| bNII (above Rs 10L) | Rs 4.83 Cr | Rs 17.54 Cr | 3.63x |
| IND | Rs 16.43 Cr | Rs 13.59 Cr | 0.83x |
| Total | Rs 32.71 Cr | Rs 45.13 Cr | 1.38x |
B.A.G. Convergence SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 10,40,000 | 14,38,400 | 1.38x |
| NII | 8,32,000 | 21,87,200 | 2.63x |
| sNII (Rs 2L to Rs 10L) | 2,76,800 | 1,71,200 | 0.62x |
| bNII (above Rs 10L) | 5,55,200 | 20,16,000 | 3.63x |
| IND | 18,88,000 | 15,61,600 | 0.83x |
| Total | 37,60,000 | 51,87,200 | 1.38x |
What Do These Subscription Numbers Mean?
A subscription of 1.38x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.38x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.38x, it reflects serious institutional conviction.
NII at 2.63x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 0.83x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
B.A.G. Convergence SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 0.83x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 0.62x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 3.63x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
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 - 3 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
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B.A.G. Convergence SME IPO Subscription FAQs
What is B.A.G. Convergence SME IPO subscription status today?
B.A.G. Convergence SME IPO subscription closed on 3 October 2025 with overall subscription of 1.38x (by shares) as of 26 July 2026, 5:32 PM IST. QIB 1.38x, NII 2.63x, IND 0.83x.
What is the overall subscription of B.A.G. Convergence SME IPO?
B.A.G. Convergence SME IPO is subscribed 1.38x overall by shares at close on 3 October 2025. QIB 1.38x, NII 2.63x, and IND 0.83x.
What is B.A.G. Convergence SME IPO QIB subscription?
B.A.G. Convergence SME IPO QIB (Qualified Institutional Buyers) subscription is 1.38x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is B.A.G. Convergence SME IPO IND subscription?
B.A.G. Convergence SME IPO IND subscription is 0.83x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is B.A.G. Convergence SME IPO NII subscription?
B.A.G. Convergence SME IPO NII (Non-Institutional Investors) subscription is 2.63x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in B.A.G. Convergence SME IPO for retail?
B.A.G. Convergence SME IPO retail allotment chances depend on final application oversubscription. Allotment is by lottery when retail subscription exceeds 1x.
When is B.A.G. Convergence SME IPO allotment date?
B.A.G. Convergence SME IPO allotment date is 6 October 2025. Check B.A.G. Convergence SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does B.A.G. Convergence SME IPO subscription close?
B.A.G. Convergence SME IPO subscription closed on 3 October 2025. No new applications are accepted after the close.
What is B.A.G. Convergence SME IPO GMP today?
GMP for B.A.G. Convergence SME IPO is not available yet. Track B.A.G. Convergence SME IPO GMP Today on IPOwiz once grey market activity starts.
What is B.A.G. Convergence SME IPO issue price and lot size?
B.A.G. Convergence SME IPO issue price is ₹87 per share. Lot size is 1600 shares. Minimum investment is ₹2,78,400 per lot (minimum 2 lots for SME). Issue size: ₹46.28 Cr.
When is B.A.G. Convergence SME IPO listing date?
B.A.G. Convergence SME IPO listing date is 8 October 2025 on NSE and BSE. Allotment is on 6 October 2025.
How does subscription affect B.A.G. Convergence SME IPO allotment?
Allotment odds in B.A.G. Convergence SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.38x overall, competition is moderate.
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.