Facility management services provider BVG India has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The issue will consist of a fresh equity issue worth ₹300 crore and an offer for sale (OFS) of 2.85 crore equity shares by existing shareholders.
According to the DRHP filed on September 30, BVG India intends to deploy ₹250 crore from the fresh issue proceeds towards repayment of outstanding borrowings. The remaining funds will be allocated for general corporate purposes. The offer for sale portion will provide a partial exit for existing shareholders.
ICICI Securities, JM Financial, and Motilal Oswal Investment Advisors have been appointed as the book-running lead managers for the IPO.
Founded as one of India’s leading facility management providers, BVG India operates across three verticals: Integrated Facility Management (IFM), Emergency Response Services (ERS), and Environment & Sustainability Services (ESS). Its wide-ranging portfolio covers soft services such as mechanised housekeeping, janitorial services, industrial housekeeping, manpower supply, security, and retail fuel outlet maintenance; hard services including electro-mechanical works, MEP (mechanical, electrical and plumbing) services, repairs and maintenance, road management, and city cleaning; and specialised services such as catering, paint-shop cleaning, logistics management, back-office support, and fleet operations including electric bus management.
As of March 2025, BVG India had a workforce of over 85,000 employees deployed across 2,218 active sites, positioning it as one of the largest employers in India’s facility management industry.
For FY25, the company reported revenues of ₹3,302 crore and profit after tax (PAT) of ₹207 crore, underscoring its scale and profitability in a sector witnessing growing demand across industrial, commercial, healthcare, education, government, and infrastructure verticals.
BVG India’s proposed IPO marks a major milestone in its growth journey. With a mix of debt reduction, operational expansion, and a strong nationwide presence, the offering is expected to further strengthen its position as a market leader in facility management services.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Oct 4, 2025, 2:14 PM IST
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