DRHP

BVG India, a leading integrated facility management services provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aimed at raising ₹300 crore. The offering comprises a fresh issue of equity shares and an offer for sale (OFS) of 2.85 crore shares by existing shareholders. Proceeds from the fresh issue will primarily be used to repay debt, with the remainder allocated for general corporate purposes.

Hospitality major OYO is preparing to file its Draft Red Herring Prospectus (DRHP) as it sets the stage for one of India’s most anticipated public listings. The company, backed by prominent global investors, is targeting a valuation in the range of USD 7–8 billion through its upcoming initial public offering (IPO). The move reflects OYO’s confidence in its recovery post-pandemic, with improved occupancy levels, operational efficiencies, and an expanding international presence bolstering its case for capital market participation.