B.A.G. Convergence Ltd - IPO

B.A.G. Convergence Ltd IPO Details

Initial public offering of up to 56,00,000* equity shares of Rs. 10 each (Equity Shares) of B.A.G. Convergence Limited (BAG Convergence or The Company) for cash at a price of Rs. 87 per equity share (The Offer Price), aggregating to Rs. 48.72 crores (The Offer). Of the offer, 2,80,000 equity shares aggregating to Rs. 2.44 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 53,20,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 46.28 per equity share aggregating to Rs. [*] crores is hereinafter referred to as the Net Offer. the offer and the net offer will constitute 26.39% and 25.07%, respectively of the post offer paid up equity share capital of the company.

Objective of issue

Expansion of existing business. Acquisition/production of content. Brand building expenses. General corporate purposes.

B.A.G. Convergence Ltd Contact Details

B.A.G. Convergence Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - kriti.jain@bagconvergence.in

Website - www.bagconvergence.in