BVG India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the BVG India IPO release date, IPO offer price, subscription, BVG India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 2,000 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
BVG India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
BVG India IPO – Summary
They are one of India’s largest integrated services companies with more than 54,000 employees as of June 30, 2021. In Fiscal 2019, 2020, and 2021, they served over 624, 590, and 582 clients, respectively, while 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 in India.
They had a leading market share of 6.4% in the integrated facilities management services (“FMS”) market in India in Fiscal 2021 and their revenue from operations was Rs 18,182.14 million, Rs 19,301.17 million, and Rs 16,677.22 million in Fiscal 2019, 2020, and 2021, respectively.
The Promoter of this company is HANMANTRAO RAMDAS GAIKWAD AND UMESH GAUTAM MANE. The lead manager to the issue is ICICI Securities Limited, JM Financial Limited, and HSBC Securities and Capital Markets (India) Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
BVG India IPO Date
The opening and the closing date of the IPO of BVG India Limited are not available yet.
Check out Related IPO Links:
| BVG India IPO GMP |
| Allotment – BVG India IPO |
BVG India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check BVG India IPO LIVE Subscription
- BVG India IPO LIVE Bid details on BSE
- BVG India IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
BVG India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
BVG India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
BVG India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
BVG India IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
BVG India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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BVG India IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – BVG India Share Price |
BVG India IPO Grey Market Premium
The BVG India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
BVG India IPO – Company Overview
They offer a wide range of integrated services including soft services such as mechanized housekeeping, industrial housekeeping, manpower supply, security services, and janitorial services, hard services such as electro-mechanical works and highway maintenance, and specialized services such as paint-shop cleaning and logistics management.
Also, they provide beach development and cleaning services and also undertake the operation and maintenance of buses including electric buses. They offer these services to a diverse base of clients operating across sectors including the industrial and consumer sector, transport and transit infrastructure sector, hospitals and healthcare sector, and government establishments.
They are among the few companies to also service religious institutions in India. As part of their integrated services business, they provided railway station management services in 2019 and also provided accommodation and catering services for a major sporting event held in Pune in 2019 and Guwahati in 2020, a government-led sports initiative.
In addition to integrated services and facility management services, they provide emergency response services for medical emergencies and police emergencies, and waste management services. They are the first company in India to be awarded contracts for providing emergency police response services
BVG India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 19,127.50 | 18,987.57 | 17,418.23 |
| *Total Revenue | 16,745.82 | 19,404.31 | 18,298.45 |
| Total Expense | 15,536.97 | 18,008.37 | 17,530.18 |
| Profit After Tax | 861.01 | 1,225.04 | 845.17 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 33.16 | 47.19 | 32.55 |
| Diluted | 32.31 | 45.98 | 31.72 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 861.01 Million, Rs. 1,225.04 Million and Rs. 845.17 Million respectively.
BVG India IPO – Promoters
The Promoter of this company is:
- HANMANTRAO RAMDAS GAIKWAD
- UMESH GAUTAM MANE
List of Related Parties (Key Managerial Personnel)
- Hanmantrao Ramdas Gaikwad, Chairman and Managing Director
- Umesh Gautam Mane, Vice-chairman and joint managing Director
- Jayant Gopal Pendse, Independent Director
- Chandrakant Narayan Dalvi, Independent Director
- Prabhakar Dattatraya Karandikar, Independent Director
- Rajendra Ramrao Nimbhorkar, Independent Director
BVG India IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
BVG India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 26,644,808 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
BVG India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. repayment and/or pre-payment of certain borrowings of their Company; and
2. general corporate purposes.
BVG India IPO – Business Strategy
- Strengthen operations across sectors by capitalizing on growing industry opportunities and adopting a sector-wise focus
- Continue to target pan-India and regional contracts, and cross-sell their services by leveraging on their large scale operations and diverse service offerings
- Continue to focus on maintaining and improving their margins
- They continue to focus on operational efficiency
BVG India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of the largest integrated services companies in India;
- Diverse base of clients with longstanding relationships;
- Comprehensive portfolio of services across sectors;
- Differentiated business model and strong financial track record;
- Quality oriented delivery of services; and
- Experienced Promoters supported by a dedicated management team and employee base.
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 33.16 | 32.31 | 11.02 | 303.82 |
| 31-Mar-20 | 47.19 | 45.98 | 17.51 | – |
| Mar-19 | 32.55 | 31.72 | 14.56 | – |
BVG India IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic EPS (Rs.) | Diluted EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| BVG India Limited | 10 | [●] | 33.16 | 32.31 | 11.02 | 16,745.82 |
| Listed Peers | ||||||
| SIS Limited | 5 | 19.23 | 24.85 | 24.73 | 20.04 | 96,050.98 |
| Quess Corp Limited | 10 | 247.97 | 3.92 | 3.87 | 3.02 | 108,819.85 |
BVG India IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited
JM Financial Limited HSBC Securities and Capital Markets (India) Private Limited |
BVG India IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 Email: bvgindia.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: bvgindia.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
BVG India IPO – Other Details
- Statutory Auditor – M/s. MSKA & Associates, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – Axis Bank Limited, Bank of Baroda, Bank of Maharashtra, Canara Bank, Cosmos Co-operative Bank Limited, ICICI Bank Limited, etc
BVG India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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BVG India Limited IPO News
News 1 – BVG India Limited IPO DRHP Download
News 2 – BVG India IPO RHP Download
BVG India IPO Review FAQs
Ques – What is the Issue Size of BVG India IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of BVG India IPO?
Answer – The price band for this particular IPO, i.e. BVG India IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the BVG India IPO Open Date?
Answer – The opening and closing dates for BVG India IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the BVG India IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of the BVG India IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the BVG India IPO Listing Date?
Answer – Shares of BVG India shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of BVG India IPO?
Answer – One of the reputed registrars is managing the issue of BVG India IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of BVG India IPO?
Answer – Here are the promoters of BVG India – HANMANTRAO RAMDAS GAIKWAD AND UMESH GAUTAM MANE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of BVG India IPO?
Answer – They have obtained the GMP of BVG India IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is BVG India IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of BVG India Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 861.01, 2020 is 1,225.04, 2019 is 845.17.
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