BVG IPO: The Company Files Draft Papers To Raise Funds

bvg files draft papers for ipo

Bharat Vikas Group India Ltd has filed draft papers for IPO with Securities and Exchange Board of India. The IPO includes a fresh equity share issue of Rs 200 crore and an offer for sale of up to 7,196,214 equity shares by existing shareholders. 

Details About BVG IPO

  • The company will issue fresh equity shares of Rs 200 crores
  • There is an offer for sale of 7,196,214 equity shares. Which includes 
    • 3.38 million shares by Strategic Investments Alpha who owns 21.89% of the firm
    • 1.7 million shares by Hanmantrao Ramdas Gaikwad who owns 52.64% stake in the firm
    • 7.74 Lakh shares by Strategic Investments B who owns 5.01% of the firm. 
    • Upto 5 Lakh shares by Vaishali Hanmantrao Gaikwad who has 2.88% stake in the company
    • Upto 3 lakh shares by Umesh Gautam Mane who owns 7.32% in the firm
    • Upto 2 Lakh shares by Mohini Umesh Mane
  • From the issued money the company is planning to pay off the debt which stands at Rs 391.62 crore as of March 2021.
  • The book managers have been assigned to ICICI Securities, JM Financial, HSBC Securities, and Capital Markets. 
  • Talking about the companies financials, they had a total income of Rs 1674.58 crore as of fiscal year 2021 and net profit of the period was Rs 86.10 crore. 

About The Company

Bharat Vikas Group is a pune-based company and is one of India’s largest integrated services providers with a 6.4% market share. There are a wide range of services offered by the company such as Industrial Housekeeping, manpower supply, security services, highway maintenance and specialized services such as paint-shop cleaning and logistics management. There are few other services offered by the company. You can have a full set of services offered by the company here