IPO Overview & Subscription Data
Here are the key details and how the subscription progressed:
- Issue Size: ~₹48.72 crore (fresh issue)
- Total Shares Offered: 56,00,000 shares
- Price Band: ₹82 to ₹87 per share
- Lot Size: 1,600 shares
- Minimum Application: 2 lots = 3,200 shares → ₹2,78,400
- Quota / Reservation: Retail ~35%, QIB ~50%, NII / HNI ~15%
- IPO Dates: Opened 30 September 2025, Closed 3 October 2025
- Expected Listing: 8 October 2025
Subscription / Demand Trends
- On Day 1, the IPO saw ~0.1616× subscription overall. For retail, ~0.0508×.
- By the close, subscription numbers had improved across categories.
- Some sources report that the IPO remained undersubscribed overall by the end of the day (i.e. demand < supply) in certain segments.
- Retail and institutional participation was relatively modest, according to early subscription updates.
Because subscription numbers are dynamic and updated hourly during the IPO period, final figures may differ by source.
Key Dates to Keep in Mind
| Event | Date |
|---|---|
| IPO Subscription Period | 30 September – 3 October 2025 |
| Basis of Allotment (Allotment Date) | 6 October 2025 |
| Refund Initiation / Share Credit | 7 October 2025 |
| Listing Date | 8 October 2025 |
Expect allotment to be declared on 6 October, with refunds or share credit happening the next day.
How to Check B.A.G. Convergence IPO Allotment Status Online
Here are the reliable methods you can use to check whether you were allotted shares:
Method 1: Registrar’s Website (Maashitla Securities Pvt. Ltd.)
- Go to the registrar’s IPO/allotment status page (Maashitla Securities).
- From the dropdown list, select B.A.G. Convergence IPO.
- Enter one of these identifiers:
- PAN (Permanent Account Number)
- Application Number
- Demat / DP Client ID
- Solve the captcha or verification prompt, if any.
- Click Submit / Check Status.
- The system will display how many shares you applied for vs. how many were allotted (if any).
Method 2: Via Stock Exchange Website (BSE / NSE SME)
- Visit the BSE / NSE IPO Allotment / Application Status page.
- Select Equity / SME as the issue type.
- Choose B.A.G. Convergence IPO from the issue list.
- Input your PAN / application number / DP ID.
- Solve the captcha and hit “Search / Submit.”
- The allotment status is shown.
Method 3: Through Your Broker or Demat / Trading Account
- Many broker platforms (Zerodha, Upstox, etc.) include an IPO section or “Investments / IPOs” tab.
- After allotment, your status (allotted / not allotted) may appear there.
- If allotted, the shares will reflect in your Demat holdings (on or after credit date).
- If not allotted, you’ll see the refund reversal in your linked bank account.
Tips & Notes
- Use exact PAN / application number / DP ID; any mismatch causes “no record found.”
- Allotment may be partial — you might get fewer shares than you applied for.
- Refunds are automatic for non‑allotted or partially allotted shares.
- Be patient — sometimes allotment status takes time to reflect due to system loads.
