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BVG India Files DRHP for IPO With Rs 300 Crore Fresh Issue and OFS

The filing centers on deleveraging, with Rs 250 crore earmarked for debt repayment.

Overview

  • Existing shareholders plan to sell up to 2.85 crore equity shares via the offer for sale, according to the DRHP.
  • Strategic Investment Group and promoter Hanmantrao Gaikwad are among the selling shareholders named in the document.
  • Consolidated borrowings stood at about Rs 820 crore as of Aug. 31, 2025, providing context for the planned repayment.
  • Key offer details such as price band and dates are pending SEBI review and have not been disclosed.
  • For FY25, revenue from operations was about Rs 3,302 crore with Rs 207 crore profit, and the company operated across 2,218 sites with over 85,000 employees.