BVG India's Major IPO Move: A Facility Management Giant Expands Horizons

Facility management giant, BVG India, is setting its sights on the stock market with its recent filing at the markets regulator, Sebi. The company plans to raise Rs 300 crore through an initial public offering (IPO), marking a significant move in its corporate trajectory.

The IPO includes a fresh issue of equity shares aimed at generating Rs 300 crore and an offer for sale (OFS) where existing shareholders aim to offload 2.85 crore shares. Key parts of the proceeds, specifically Rs 250 crore, have been designated for debt payments, with the remainder allocated for general corporate uses.

BVG India operates through diverse business verticals, namely Integrated Facility Management (IFM), Emergency Response Services (ERS), and Environment & Sustainability Services (ESS). With over 85,000 employees across 2,218 sites, it has reported significant financial figures, including a FY25 revenue of Rs 3,302 crore and a profit after tax of Rs 207 crore.

(With inputs from agencies.)