IPO Dates
Important dates with respect to IPO allotment and listing
Ipo Open Date
To be announced
About Company
India's largest integrated services organisation is backed by UK-based private equity firm 3i Group. The business offers hard services like electro-mechanical works, highway maintenance, etc., as well as soft services like pain shop cleaning and logistics management. 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 30th, 2021, the business will have serviced its top 10 clients for a total of 5 years. They will have more than 54,000 workers on June 30, 2021. In 100 cities, 20 states, and 5 union territories, they have serviced more than 490 customers. Intense marketing efforts and recommendations helped the business. The business has been successful in growing 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.
BVG India Limited IPO Objectives
Here are a few quick reasons why the company is going public:
• Repayment and/ or Pre-Payment of certain borrowings of the Company.
• General corporate purposes.
Why should you invest in the BVG India Limited IPO?
- The Indian FM market has grown at the rate of 19.6% between Fiscal 12 and Fiscal 2021. The FM market is estimated at ₹260.0 billion in Fiscal 2021.
- The FM market in India is estimated to grow with a CAGR of 27.0% between Fiscal 2021 and Fiscal 2023. The majority of the growth is expected to be driven by the consistent growth in demand from the commercial, retail and industrial sectors.
BVG India Limited IPO
In the range of Rs. 1,200–1,300 crore, BVG India Ltd. has filed its DRHP with SEBI. The first public offering comprises an additional 200 crore rupee new issuance and an offer to sell up to 71,96,214 equity shares. 16,98,458 stock shares are being sold by Hanmatrao Ramdas Gaikwad, while Umesh Gautam Mane is selling 300,523 equity shares. 33,83,589 equity shares are sold by Strategic Investment FM Alpha Ltd., while 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 are the book-running lead managers for the offering. Additionally, the business intends to proceed with a pre-IPO offering for Rs. 40 crores.
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 |
Know before investing
Strengths
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With a 6.4 per cent market share in the integrated FMS market in FY21, BVG India is the largest integrated service provider in the nation. It has also outperformed all of its rivals in terms of revenue.
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They have solid ties with a wide variety of their clientele. 192 of the 475 clients served in FY21 were from the industrial and consumer sector, 31 from the transportation, transit, and infrastructure sector, more than 50 from the hospital and healthcare sector, and 155 from a variety of other industries.
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Integrating a wide range of services into a single contract is BVG India's biggest strength.
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They provide constant, standardised service standards and strive to offer high-quality services.
Risks
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The firm is affected by any rise in pay or training expenses since the company is subject to all labour laws and regulations.
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Potential operational risk may negatively impact the company's reputation.
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Since the corporation does not own the BVG brand, they have no control over its use and risk having its reputation damaged.
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A small number of clients provide a significant portion of the company's income, therefore losing them would result in a substantial loss of that revenue.
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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% |
BVG India Ltd IPO FAQs
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