IPO Schedule
1
Open
30 Sept
2
Close
3 Oct
3
Allotment
-
4
Listing
8 Oct
B.A.G.Convergence IPO
Issue:₹87
List:₹102.66
CMP:₹114
NSELot: 1600SME
LISTEDSME
Issue Price₹87
Listing₹102.66
Current₹114
Content
About B.A.G.Convergence
B.A.G. Convergence Limited is an infrastructure company involved in providing services to the telecom industry. They provide optic fiber cable laying and other related services.
Subscription Status
QIB
0.00x
NII
0.97x
Retail
0.10x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 1.38x | 0.00x | 0.00x |
| NII | 2.63x | 1.05x | 0.97x |
| Retail | 0.83x | 0.19x | 0.10x |
| Total | 1.38x | 0.33x | 0.26x |
Risk Factors
•Reliance on the telecom industry, making it susceptible to industry downturns.
•Competition from larger and more established players in the telecom infrastructure sector.
•Small issue size may lead to volatility post-listing.
•Lack of publicly available historical financial data due to SME status makes performance projection difficult.
•Absence of ROE data limits comprehensive financial analysis.