BVG India Limited IPO

In the range of Rs. 1,200–1,300 crore, BVG India Ltd. has filed its DRHP with SEBI. The first public offering comprises an additional 200 crore rupee new issuance and an offer to sell up to 71,96,214 equity shares. 16,98,458 stock shares are being sold by Hanmatrao Ramdas Gaikwad, while Umesh Gautam Mane is selling 300,523 equity shares. 33,83,589 equity shares are sold by Strategic Investment FM Alpha Ltd., while 7,74,194 equity shares are sold by Strategic Investment FM B. ICICI Securities Ltd, JM Financial Ltd, and HSBC Securities and Capital Markets Pvt Ltd are the book-running lead managers for the offering. Additionally, the business intends to proceed with a pre-IPO offering for Rs. 40 crores.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

BVG India Limited IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About BVG India Limited

India's largest integrated services organisation is backed by UK-based private equity firm 3i Group. The business offers hard services like electro-mechanical works, highway maintenance, etc., as well as soft services like pain shop cleaning and logistics management. Soft services include automated house cleaning, personnel supply, janitorial services, etc. Along with all of this, the business also offers services including garbage disposal, emergency police, and medical response. At the end of June 30th, 2021, the business will have serviced its top 10 clients for a total of 5 years. They will have more than 54,000 workers on June 30, 2021. In 100 cities, 20 states, and 5 union territories, they have serviced more than 490 customers. Intense marketing efforts and recommendations helped the business. The business has been successful in growing its client base by 58 during the previous three fiscal years thanks to aggressive marketing initiatives and recommendations. The firm led the market for integrated facilities management services in FY21 with a market share of 6.4 per cent. Since the beginning of the business, they have offered nine services to a significant Indian automaker.

BVG India Limited IPO Objectives

Here are a few quick reasons why the company is going public:

• Repayment and/ or Pre-Payment of certain borrowings of the Company.
• General corporate purposes.

Why should you invest in the BVG India Limited IPO?

  • The Indian FM market has grown at the rate of 19.6% between Fiscal 12 and Fiscal 2021. The FM market is estimated at ₹260.0 billion in Fiscal 2021.
  • The FM market in India is estimated to grow with a CAGR of 27.0% between Fiscal 2021 and Fiscal 2023. The majority of the growth is expected to be driven by the consistent growth in demand from the commercial, retail and industrial sectors.

Financial Highlights

Particulars (In Rs cr) FY21 FY20 FY19
Revenue From Operations 1,674.6 1,940.43 1,829.84
PAT 86.11 122.50 84.51
EBITDA 231.74 - 181.1
EPS (In Rs) 32.31 45.98 31.72
Total Assets 1,912.75 1,898.75 1,741.82
Total Borrowing 547.3 621.51 583.63
Equity Share Capital 25.71 25.71 25.71

How to apply for BVG India Limited IPO?

UPI & creating a Demat account are the two ways for the investors to start the trading journey. The processes are discussed below:

UPI

  • Step 1: Link your bank account with the UPI ID
  • Step 2: Join your UPI ID to your Demat account
  • Step 3: Apply for BVG India Limited IPO and accept the payment request on your UPI ID

Demat Account

BVG India Limited Noteworthy Highlights:

  • They are one of India’s largest integrated services companies (Source: F&S Report) with more than 54,000 employees as of June 30, 2021. In Fiscal 2021, we served over 582 clients in over 130 cities across 20 states and five Union Territories in India. In the three months ended June 30, 2021, they served over 490 clients in more than 100 cities across 20 states and five Union Territories.
  • The company have recorded higher profit margins than the FMS industry average in Fiscal 2021 (Source: F&S Report). They have also recorded the highest revenue among our key competitors in the FMS business in Fiscal 2021.

The Brand’s Pros & Cons:

Pros Cons
With a 6.4 per cent market share in the integrated FMS market in FY21, BVG India is the largest integrated service provider in the nation. It has also outperformed all of its rivals in terms of revenue. The firm is affected by any rise in pay or training expenses since the company is subject to all labour laws and regulations.
They have solid ties with a wide variety of their clientele. 192 of the 475 clients served in FY21 were from the industrial and consumer sector, 31 from the transportation, transit, and infrastructure sector, more than 50 from the hospital and healthcare sector, and 155 from a variety of other industries. Potential operational risk may negatively impact the company's reputation.
Integrating a wide range of services into a single contract is BVG India's biggest strength. Since the corporation does not own the BVG brand, they have no control over its use and risk having its reputation damaged.
They provide constant, standardised service standards and strive to offer high-quality services. A small number of clients provide a significant portion of the company's income, therefore losing them would result in a substantial loss of that revenue.

Competitive Analysis: Market Peers

Company
Total Income in
(In Rs Cr)
Market Share
EBITDA Margin
FY20
BVG India Ltd
167.5
6.40%
13.02%
ISS Facility Services India Pvt Ltd
101.0
3.90%
3.60%
Updater Services Pvt Ltd
112.0
4.30%
4.32%
Sodexo Facilities Management Services
91.0
3.50%
3.31%
Dusters Total Solutions Services Pvt Ltd
72.0
2.80%
5.90%
JLL India Ltd
74.5
2.90%
8.60%
CBRE South Asia Pvt Ltd
58
2.20%
6.20%
OCS Group Pvt Ltd
47
1.80%
4.10%

BVG India Limited IPO FAQs

What is BVG India Limited's Initial Public Offering?

In the range of Rs. 1,200–1,300 crore, BVG India Ltd. has filed its DRHP with SEBI. The first public offering comprises an additional 200 crore rupee new issuance and an offer to sell up to 71,96,214 equity shares.

When will allotments for the BVG India Limited IPO become available?

BVG India Limited IPO will finalize the allotment by <>.

What will the IPO lot size for BVG India Limited be?

Each BVG India Limited IPO lot has <> shares.

When will BVG India Limited IPO be available to buy?

The IPO of BVG India Limited will be open for subscription from <>.

What is BVG India Limited’s smallest lot size available to retail investors?

The minimum market lot size for the BVG India Limited IPO is <> shares.

Which exchanges will BVG India Limited list on?

BVG India Limited shares will be listed on both BSE as well as the National Stock Exchange (NSE).

What is the IPO size of BVG India Limited?

The IPO size of BVG India Limited is Rs 50 crore.

How to check the allotment status of BVG India Limited IPO on the AngelOne App?

The easiest ways to check your IPO allotment status on the Angelone app are below:
  • Step 1: Login & Look for Investment Opportunities via Angelone App.
  • Step 2: Choose IPOs & FPOs.
  • Step 3: Click Order Book.

How will I get my BVG India Limited stock?

Following allotment, the BVG India Limited shares will be credited to the Demat account.

Can I use one PAN to submit multiple applications for the public issue of BVG India Limited?

No, you cannot use the same PAN to make multiple applications for this BVG India Limited IPO or any other public offering.

Is it necessary to give immediate approval to a UPI mandate request?

Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.

Who owns BVG India Limited?

Mr Hanmantrao Gaikwad is the owner of BVG India Limited.

Enjoy Zero Brokerage on
Stock Investments

Get the link to download the app

Enjoy Lifetime Free Delivery Trade

Download the app now

Or Scan below QR Code

to download App