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Issue Open Date
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30-Sep-25
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Issue Closing Date
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03-Oct-25
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Application Money
|
100
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Allotment Money
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|
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Price Band
|
82
-
87
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Minimium Application No.
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3200
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Issue Size (Shares)
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4040000
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|
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Market Lot
|
1
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Objective
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1. Expansion of Existing Business2. Acquisition/ Production of Content3. Brand building expenses4. General Corporate Purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
|
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Non-Institutional Investors
|
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2467200
|
|
|
Qualified Institutional Buyers
|
|
1438400
|
|
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Retail Individual Investors
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1561600
|
|
|
|
|
|
Business Description
Our Company was founded with the vision of becoming a key player in the digital media space. Started its journey in 2007with the launch of our first website, news24online.com. Soon after, we introduced a Hindi version,hindi.news24online.com, to cater to a wider audience. Expanding into the entertainment space, we launchede24bollywood.com, covering Bollywood news and updates. In the beginning, we relied on Google AdSense for ad revenue,but as we grew, content aggregators like Times Internet Limited (TIL), Daily hunt and direct clients including governmentagencies helped us generate additional income and build our brand recognition over a period.Over a few years, we have constantly adapted to technological advancements to stay relevant in the competitive marketand shifting user preferences. Initially, our websites were desktop-focused, but with the rise of smartphones and mobileinternet, we shifted our focus to mobile users. Google’s move to mobile-first indexing made this shift even more important.We also developed mobile apps viz. News24, E24 to offer a more personalised experience to our readers. The transitionfrom 2G to 5G has allowed us to create more mobile-friendly content and quickly connect with our audience.
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Promoter's Holding
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|
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Total Share Capital
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13991040
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Offered to Public
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5600000
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Promoter's Holding (Pre-Issue)
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89.58
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Promoter's Holding (Post-Issue)
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|
|
|
|
|
|
|
|
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|
Address |
352
Aggarwal Plaza
Plot No. 8
Kondli
East Delhi
New Delhi,
Delhi,
110096
Phone :
Email : kriti.jain@bagconvergence.in
Website : www.bagconvergence.in
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|
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Registrar |
Maashitla Securities Pvt Ltd.
905
Aggarwal Corporate Heights
Netaji Subhash Place
Pitampura
New Delhi
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Listed at |
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NSE
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Lead Manager |
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Inventure Merchant Bankers Services Pvt Ltd.
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Promoters |
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Anuradha Prasad Shukla
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|
