The BVG India Ltd Date Will Be Updated Soon .
BVG India Ltd. has submitted its DRHP to SEBI with an estimated Rs. 1,200–1,300 crore valuation. The first public offering includes an offer to sell up to 71,96,214 equity shares and a new issue of an extra 200 crore rupees. Hanmatrao Ramdas Gaikwad offers 16,98,458 stock shares, whereas Umesh Gautam Mane offers 300,523 equity shares.
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BVG India Ltd GMP
The BVG India Ltd IPO GMP is ₹[].
IPO Overview
In the range of Rs. 1,200–1,300 crore, BVG India Ltd. has filed its DRHP with SEBI. The first public offering comprises 200 crore rupees in new issuance and an offer to sell up to 71,96,214 equity shares. Hanmatrao Ramdas Gaikwad sold 16,98,458 stock shares, while Umesh Gautam Mane sold 300,523 equity shares. Strategic Investment FM Alpha Ltd. sells 33,83,589 equity shares. In comparison, 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, the book-running lead managers. Additionally, the business intends to proceed with a pre-IPO offering for Rs. 40 crores.
BVG India Ltd IPO Financials
| 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 |
BVG India Limited Peer Comparison
| 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% |
Company Profile
UK-based private equity firm 3i Group backs India’s largest integrated services organisation. 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 30, 2021, the business will have serviced its top 10 clients for five years. They will have more than 54,000 workers on June 30, 2021. In 100 cities, 20 states, and five union territories, they have serviced more than 490 customers. Intense marketing efforts and recommendations helped the business.
The business has grown 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. The business offers complex services like electro-mechanical works, highway maintenance, and soft services like pain shop cleaning and logistics management.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
