Business
B.A.G. Convergence Limited Commences Trading with Impressive Market Response on NSE Emerge
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Mumbai (Maharashtra) [India], October 10: The shares of B.A.G. Convergence Limited is trading at ₹ 106.05 on NSE, a premium of 22% compared with the issue price of ₹ 87 per equity share.
The company was listed at ₹ 101, a premium of 16% compared with the initial public offer. The stock is currently up 7%.
The issue comprised of 56,00,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 82 – ₹ 87 Per Share and raised ₹ 13.57 Cr via anchor just ahead the IPO. The company is intending to utilize the…
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