Private equity firm 3i Group-backed BVG India, which claims the largest integrated facility management services provider in India, has refiled its draft papers with the SEBI after four years of its previous DRHP filing, for raising funds via initial public offering (IPO).

As per the preliminary papers, the company plans to mobilise Rs 300 crore by issuing new shares, while existing shareholders will be selling 2.85 crore shares via offer-for-sale.

Promoter Hanmantrao Gaikwad, and investors Strategic Investments FM (Mauritius) Alpha and Strategic Investments FM (Mauritius) B (an affiliates of private equity investor 3i Group) will be major selling shareholders in the offer-for-sale.

Earlier, as per the DRHP dated September 30, 2021, it had planned fresh issue of Rs 200 crore worth shares

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