BVG India Files IPO Papers with Sebi; tries to set up RS 300 CR via a new problem

Facility Management Services Provider, BVG India has submitted its provisional articles to Markets Regulator Sebi to raise funds via an initial public offer (IPO) that a new edition of shares of RS 300 Crore and Ans.

According to the Sales offer (OFS), existing shareholders will release 2.85 crore shares shares, according to the Red Herring Prospectus concept (DRHP) of 30 September.

From the proceeds of the new issue, RS 250 Crore is reserved for the payment of debts, while the balance will be used for general business purposes.

The company works through three business vertical-integrated facility management (IFM), Emergency Response Services (ERS) and Environment & Sustainability Services (ESS)- Catering for customers in industrial, commercial, education, government and transport infrastructure sectors.

BVG India offers soft services such as mechanized household, caretaker, industrial household, manpower offering, security, office support and maintenance of fuel exhaust switching.

It also offers hard services, including electromechanical works, mechanical, electrical and sanitary services, repairs and maintenance, road management, city cleaning and maintenance of infrastructure; and specialized services such as catering, paint reassignment, support for back-office, logistics management and fleet operation, including EV bus management. From March 2025, BVG India had a workforce of more than 85,000 active at 2,218 active locations nationwide, making it one of the largest employers in the facility management room. For FY25, the company reported income from the activities of RS 3.302 Crore and profit after tax on RS 207 Crore.

The IPO is managed by Icici Securities, JM Financial and Motilal Oswal Investment Advisors.