Facility management service provider BVG India has received necessary approvals to raise Rs 300 crore through an initial public offering (IPO), a top company official said on Sunday.
Last year in September, BVG India had filed its preliminary papers with market regulator Sebi to raise funds through an initial public offering (IPO) comprising a fresh issue of equity shares and an OFS.
Under the offer for sale (OFS), existing shareholders will offload 2.85 crore equity shares, according to the draft red herring prospectus (DRHP) dated September 30, 2025.
“The DRHP has been filed, and we have received the necessary approvals. So yes, the process is on,” BVG India CEO Rupal Sinha told PTI.
Sinha said in the DRHP, the company has disclosed that it will raise Rs 300 crore to just retire some of its loans and support the growth development.
“This all will be more market-driven mechanism,” she said.
The company reported revenue from operations of Rs 4,128 crore and profit after tax of Rs
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