Business
BVG India IPO: Fresh Issue Of Rs 300 Crore, Existing Shareholders To Sell 2.85 Crore Shares
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BVG India Limited files DRHP with SEBI for IPO, offering Rs 300 crore fresh issue and OFS. With 85000 staff and Rs 3301.8 crore revenue.
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BVG India IPO: Pune-headquartered BVG India Limited, the country’s largest integrated facility management (IFM) services provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO).
BVG India IPO Composition
The issue comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale (OFS) of up to 2.85 crore equity shares by existing shareholders. Out of the fresh issue proceeds, Rs 250 crore has been earmarked for repayment or pre-payment of borrowings, while the balance will be deployed towards general corporate purposes.
About BVG India Company
The company operates through three business verticals—Integrated Facility Management (IFM), Emergency Response Services (ERS), and Environment & Sustainability Services (ESS)—catering to clients across industrial, commercial, healthcare, education, government and transport infrastructure sectors.
Under IFM, BVG India provides soft services such as mechanised housekeeping, janitorial services, industrial housekeeping, manpower supply, security, office support and retail fuel outlet maintenance; hard services including electro-mechanical works, mechanical, electrical and plumbing (MEP) services, repairs and maintenance, road management, city cleaning and infrastructure upkeep; and specialised services like catering, paint-shop cleaning, back-office support, logistics management, and fleet operation, including EV bus management. The company is also a trusted partner to the Indian Railways, managing station facility operations, rolling stock and track maintenance, and on-board housekeeping.
Through ERS, BVG India pioneered police emergency response in India and introduced ambulances equipped with advanced medical devices and staffed with doctors. Notably, BVG India introduced the practice of staffing ambulances with doctors, setting new benchmarks for emergency medical care and reinforcing its leadership in public service delivery. Under ESS, it delivers waste management, horticulture, landscaping, afforestation, lake rejuvenation, and smart city projects, while also producing solar modules and installation and maintenance for solar projects nationwide.
BVG India Financials
As of 31 March 2025, BVG India had a workforce of over 85,000 employees operating across 2,218 active sites nationwide, making it one of the largest employers in the facility management space. For FY25, the company reported revenue from operations of ₹3,301.8 crore, total income of ₹3,319.5 crore, and profit after tax of ₹207.2 crore, translating into a healthy Return on Equity (ROE) of 17.44%. Its robust financial performance and diversified business model highlight its ability to scale operations while maintaining profitability.
The IPO will be managed by ICICI Securities Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited, with MUFG Intime India Private Limited acting as the registrar.
The global outsourced Facility Management (FM) market, valued at USD 1,030 billion in 2024, has grown at a CAGR of 4.2% from 2019 to 2024, recovering from the pandemic-led disruption and regaining pre-2020 spending levels by late 2021. With rising infrastructure investments, rapid industrialisation, the development of smart buildings and increasing adoption of digital solutions, the market is expected to grow strongly. Government initiatives in emerging economies to contract private operators for clean, green and smart infrastructure further open up opportunities. By 2029, the outsourced FM market is projected to reach USD 1,495.1 billion, growing at a CAGR of 7.7% between 2024 and 2029.
With its leadership position, diverse service portfolio, strong execution track record and commitment to sustainability, BVG India is strategically placed to benefit from these industry tailwinds and strengthen its position as a pioneer in integrated facility management and allied services in India.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 03, 2025, 18:00 IST
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The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
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