Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of BVG India Ltd. on January 23, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
BVG India Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹300.00 crores and an offer for sale (OFS) of upto 2.85 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to BVG India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹300 Cr) |
| Offer for Sale | 2,85,48,007 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 12,85,51,940 shares |
| Share Holding Post Issue | 13,32,24,040 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| SEBI/Exchange approval received | Fri, Jan 23, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2004, BVG India Ltd. is the integrated facility management (IFM) services provider in India.
The company operates across three primary business verticals: IFM services, emergency response services (ERS), and environment and sustainability services (ESS).
As of March 31, 2025, the company serviced 1,190 clients under IFM, nine clients through ERS, and 49 clients through ESS. Key clients in the industrial and consumer sectors include Tata Motors, Skoda Volkswagen, Hyundai Motor, Bajaj Auto, Cummins India, ONGC, HPCL, NTPC, and Hindustan Aeronautics Limited.
The company operated 28 offices across 29 states and union territories in India and managed operations and maintenance of 1,152 EV buses across six cities in Karnataka, Maharashtra, Jammu & Kashmir, New Delhi, and Gujarat.
As of March 31, 2025, BVG India employed over 85,000 personnel, including 1,577 trainees.
BVG India Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 20% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,434.18 | 2,082.36 | 1,920.38 |
| Total Income | 3,319.54 | 2,844.85 | 2,318.68 |
| Profit After Tax | 222.05 | 185.62 | 157.33 |
| EBITDA | 364.14 | 347.04 | 292.53 |
| NET Worth | 1,365.23 | 1,173.99 | 1,020.66 |
| Reserves and Surplus | 978.72 | 819.29 | 701.06 |
| Total Borrowing | 483.22 | 460.05 | 480.35 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company; and | 250.00 |
| 2 | general corporate purposes. |
| KPI | Mar 31, 2025 |
|---|---|
| Debt/Equity | 0.23 |
| RoNW | 15.18% |
| PAT Margin | 6.73% |
| EBITDA Margin | 11.03% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 17.27 | 16.67 |
| Promoter Holding | 58.74% |
BVG India IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The BVG India IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in BVG India IPO using UPI as a payment gateway. Zerodha customers can apply in BVG India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BVG India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BVG India IPO dates are not announced. Please check back again after some time.
BVG India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in BVG India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for BVG India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the BVG India IPO allotment status.
The BVG India IPO listing date is not yet announced. The tentative date of listing is .
