BVG India Ltd. IPO Details
BVG India was incorporated on March 20, 2002. The company is India’s largest integrated facility management (IFM) provider, offering end-to-end IFM solutions across soft, hard, and specialised services. It also provides emergency response services and comprehensive environmental and sustainability solutions, including agriculture, horticulture, and farm management
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 28.5 M | - | - | ₹3,000.0 M | DRHP DOC |
BVG India issue details
BVG India has 28.5 M shares on offer
BVG India IPO issue size is ₹ 3,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
BVG India IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
BVG India NUMBER OF SHARES ON OFFER
BVG India FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 3,301.8 | 207.2 | 218.0 | 174.2 | 11.0% |
| FY24 | 2,839.4 | 166.2 | 174.2 | 117.4 | 12.2% |
| FY23 | 2,314.9 | 125.1 | 86.8 | 4.7 | 12.6% |
BVG India INFORMATION ON IPO ISSUE
About BVG India
BVG India was incorporated on March 20, 2002. The company is India’s largest integrated facility management (IFM) provider, offering end-to-end IFM solutions across soft, hard, and specialised services. It also provides emergency response services and comprehensive environmental and sustainability solutions, including agriculture, horticulture, and farm management
Object of the Issue
- Repayment and/or pre-payment, in part or in full, of all or certain outstanding borrowings of the company
- General corporate purposes
BVG India - PROMOTERS
| Name |
|---|
| Hanmantrao Gaikwad |
BVG India - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Hanmantrao Gaikwad | Chairman & Managing Director |
| Neha Sunil Huddar | Independent Director |
| Chandrakant Narayan Dalvi | Independent Director |
| Prabhakar Dattatraya Karandikar | Independent Director |
| Rajendra Ramrao Nimbhorkar | Independent Director |
| Pankaj Dhingra | Non-executive Director |
| Swapnali Dattatraya Gaikwad | Non-executive Director |
BVG India Book Running Lead Manager
ICICI Securities Limited
bvg.ipo@icicisecurities.com
JM Financial Limited
bvgindia.ipo@jmfl.com
Motilal Oswal Investment Advisors Limited
bvgindia.ipo@motilaloswal.com
BVG India Registrar to the Offer
MUFG Intime India Private Limited
bvgindia.ipo@in.mpms.mufg.com
BVG India Strengths
Comprehensive portfolio
The company’s key strength is its ability to provide integrated, tailored services across multiple sectors under a single contract. Serving 157 clients, it leverages centralised functions and in-house expertise to manage all stages of service deployment efficiently
Differentiated business model
The company operates on a solution-based pricing model, using output- or fixed-fee contracts rather than cost-plus, allowing charges based on value delivered. Mechanisation and technology optimise resources, improve quality, and enable precise SLAs, supporting consistent organic growth and profitability
Client relationship
The company serves a diverse client base, including private companies and government institutions, with 1,190 IFM, 9 ERS, and 49 ESS clients in FY25. Longstanding relationships have driven high client retention and referrals, exemplified by ongoing service to key clients like an Indian automobile manufacturer
BVG India Risks
Operational risks
The company’s operations face inherent risks, including business interruptions, employee errors or misconduct, regulatory breaches, system failures, and labour disruptions. Such operational risks could adversely impact its business, financial condition, results, and cash flows
Competition
The company operates in a highly competitive and fragmented facilities management industry with low entry barriers. Competing with both integrated and specialised service providers, failure to maintain competitiveness could negatively impact its business, prospects, and financial performance
Dependent on IT systems
The company relies heavily on IT systems for operations, including staffing, billing, payroll, and emergency response. Failures or security breaches in these systems could negatively impact business performance and reputation, with key platforms like BVG Lens, Optick, WagePay, and BVG Index supporting critical functions
IPO FAQs
The promoter of the company is Hanmantrao Gaikwad.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.