PKH Ventures Ltd is set to launch its Initial Public Offering (IPO) for investors to subscribe on the 30th of June, Friday. The window for subscription will remain open until July 4, Tuesday. The per-share price for this forthcoming IPO has been established between Rs 140 and Rs 148. The minimum bidding quantity for investors is set at 100 Equity Shares, and investors can increase their bids in multiples of 100 thereafter.
PKH Ventures Limited Product Portfolio
Established in the year 2000, PKH Ventures Limited operates within several business spheres, including Construction and Development, Hospitality, and Management Services.
A significant portion of PKH Ventures’ operations is dedicated to Civil Construction projects, delivered through its construction branch, Garuda Construction, on behalf of external developers.
A notable achievement for the company was the completion of the Delhi Police Headquarters development project in April 2021. This major project included the creation of twin 17-story towers, featuring a striking glass façade and an interconnecting steel bridge.
PKH Ventures also has ambitious plans for self-initiated development projects. This pipeline includes real estate development in Amritsar, Punjab; the establishment of a food park in Jalore, Rajasthan; the creation of cold storage facilities in Indore, Madhya Pradesh; and a wellness center and resort in Chiplun, Maharashtra.
In the Hospitality industry, PKH Ventures’ operations encompass the ownership, management, and operation of hotels, restaurants, Quick Service Restaurants (QSRs), spas, and food product sales. Furthermore, the company extends miscellaneous mechanical, electrical, and plumbing (MEP) services. These include annual maintenance for its projects and specific third-party Operations & Maintenance contracts.
The company also boasts the development and management of two Mumbai-based hotels: Golden Chariot Hotel & Spa, Vasai, and Golden Chariot, The Boutique Hotel near Mumbai International Airport, both of which have been under its management since FY 2015.
On the accolades front, PKH Ventures has secured two major government projects, namely the Hydro Power Project and the Nagpur Project. Both of these projects are being implemented via its subsidiary entities or Special Purpose Vehicles (SPVs).
About the PKH Ventures Limited IPO
As per the Draft Red Herring Prospectus (DRHP), the Initial Public Offering (IPO) by PKH Ventures Limited includes a total of approximately 2.81 crore equity shares. This total comprises a fresh issuance of around 1.83 crore shares and an offer for sale that amounts to nearly 0.98 crore shares. The company has set the face value of each share at Rs 5. Post-IPO, the shares are scheduled to be listed on India’s two major stock exchanges – NSE and BSE.
The company aims to utilize a significant portion of the IPO proceeds for its Halaipani Hydro Project, supporting the development of a Hydro Power Project. Another key area of investment is its subsidiary, Garuda Constructions, to cater to its long-term working capital needs.
In addition, PKH Ventures is planning to utilize part of the funds for inorganic growth, potentially through strategic acquisitions and other initiatives.
The Objectives of PKH Ventures Limited IPO
PKH Ventures Limited plans to direct the net proceeds from this public offering towards several key areas. The primary application of funds will be an equity investment in its subsidiary, Halaipani Hydro Project Private Limited. This investment will bolster the development of a Hydro Power Project, including both Civil Construction and Electromechanical Works. In addition, a significant portion of the funds will be allocated to the Garuda Construction project to meet long-term working capital needs. The company also plans to reserve some funds for potential acquisitions and other strategic initiatives. Lastly, a portion of the proceeds will be used to cover general corporate expenditures.
Financial Performance of PKH Ventures Limited (In Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 244.81 | 169.00 | 14.09 | 149.4 | 141.96 | 25.91 |
| 31-Mar-21 | 1,077.04 | 264.66 | 30.57 | 184.72 | 177.03 | 96.69 |
| 31-Mar-22 | 1,102.45 | 245.41 | 40.52 | 327.38 | 295.68 | 98.24 |
| 31-Dec-22 | 1,248.03 | 155.03 | 28.64 | 356.01 | 172.01 |
Important Details of PKH Ventures Limited IPO
| IPO Date | June 30, 2023, to July 4, 2023 |
| Listing Date | Yet to be announced |
| Face Value | Rs 5 per share |
| Price | Rs 140 to Rs 148 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 25,632,000 shares (aggregating up to Rs 379.00 Cr) |
| Fresh Issue | 18,258,400 shares (aggregating up to Rs 270.22 Cr) |
| Offer for Sale | 7,373,600 shares of Rs 5 (aggregating up to Rs 109.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 63,992,080 |
| Shareholding post issue | 82,250,480 |
Important Dates for PKH Ventures Limited IPO
| Event | Tentative Date |
| Opening Date | Friday, 30 June 2023 |
| Closing Date | Tuesday, 4 July 2023 |
| Basis of Allotment | Friday, 7 July 2023 |
| Initiation of Refunds | Monday, 10 July 2023 |
| Credit of Shares to Demat | Tuesday, 11 July 2023 |
| Listing Date | Wednesday, 12 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 4, 2023 |
Lead Manager of PKH Ventures Limited IPO
IDBI Capital Market Services Limited
How to Apply
Wait for the public issue to open for subscription, then click on this link to apply for the PKH Ventures Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status
The registrar for PKH Ventures Limited IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/
FAQs
1. What is PKH Ventures IPO?
PKH Ventures IPO is a main-board IPO of 25,632,000 equity shares with a face value of Rs 5, aggregating up to Rs 379.00 Crores. The issue is priced at Rs 140 to Rs 148 per share. The minimum order quantity is 100 Shares.
2. When will PKH Ventures IPO open?
The PKH Ventures IPO opens on Jun 30, 2023, and closes on July 4, 2023.
3. What is the lot size of PKH Ventures IPO?
PKH Ventures IPO lot size is 100 Shares.
4. When is PKH Ventures IPO allotment?
The finalisation of the Basis of Allotment for PKH Ventures IPO will be done on Friday, July 7 2023, and the allotted shares will be credited to your demat account by Tuesday, Jul 11 2023.
5. When is PKH Ventures IPO listing date?
The PKH Ventures IPO listing date is not yet announced. The tentative date of PKH Ventures IPO listing is Wednesday, Jul 12 2023.
6. What is the price band for the PKH Ventures Limited IPO?
The price band for the IPO is set between Rs 140 to Rs 148 per share.
7. What is the face value of each share in the PKH Ventures Limited IPO?
The face value of each share in the IPO is Rs 5.
8. When will the allotment of shares take place for investors?
The allotment of shares is expected to occur on Friday, Jul 7, 2023.
9. When will the shares of PKH Ventures Limited be credited to the Demat accounts?
The shares are expected to be credited to the investors’ Demat accounts by Tuesday, Jul 11, 2023.
10. When is the expected listing date for the PKH Ventures Limited IPO?
The expected listing date for the PKH Ventures Limited IPO is Wednesday, Jul 12, 2023.