Equity shares in PKH Ventures Limited will be issued via book-built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for PKH Ventures Limited is set for the week of June 30 – July 04, 2023.The issue is priced at ₹140 to ₹148 per share. The minimum order quantity is 100 Shares. With a face value of Rs. 5, each of the 25,632,000 shares up for sale in the IPO may bring in as much as 379 Cr. for the company. Let’s learn more about their initial public offering scheduled for June-July of 2023.
About PKH Ventures Limited
PKH Ventures Limited, founded in 2000, is a company that specializes in construction and development, hospitality, and management services. PKH Ventures manages Civil Construction projects for Third Party Developers. Garuda Construction, its subsidiary and construction arm, handles the Civil Construction business. In April 2021, the business completed the building of the Delhi Police Headquarters, which included the construction of twin towers of seventeen (17) stories each, with a complete glass façade and steel bridge connecting the two towers. Forthcoming Development Projects proposed by the company include real estate development in Amritsar, Punjab, a food park in Jalore, Rajasthan, a cold storage park/facilities in Indore, Madhya Pradesh, and a wellness center and resort in Chiplun, Maharashtra.
The Hospitality segment of PKH Ventures owns, manages, and operates hotels, restaurants, QSRs, spas, and sells food items. The company currently offers a variety of mechanical, electrical, and plumbing (“MEP”) work services, such as annual project maintenance and third-party O&M contracts. Since FY 2015, the business has owned, managed, and operated 180 Mumbai Hotels, including Golden Chariot Hotel & Spa, Vasai and Golden Chariot, The Boutique Hotel near Mumbai International Airport (“Mumbai Hotels”).
PKH Ventures was given two government projects, the Hydro Power Project and the Nagpur Project, which are being carried out through its subsidiaries/SPVs.
PKH Ventures IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 30th June 2023 |
| Issue Closes | 04th July 2023 |
| Face Value | Rs 5 Per Share |
| Issue Price | Rs 140 to Rs 148 Per Share |
| Issue Size | 25,632,000 Shares (Rs 379 crores) |
| Minimum Order Quantity | 100 Shares |
| Listing | NSE, BSE |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- Investment by way of equity in our subsidiary, Halaipani Hydro Project Private Limited for the development of Hydro Power Project (Civil Construction and Electromechanical Works),
- Investment in Garuda Construction project, for funding long-term working capital requirements,
- Acquisitions and other strategic initiatives; and
- To fund expenditures towards General company objectives.
PKH Ventures Limited — Company Contact Details
- Registered & Corporate Office: 201, A Wing, Fortune 2000, C-3, G Block Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
- Telephone: +91 22 7963 5174
- Website: http://pkhventures.com/index.html
PKH Ventures Limited IPO – Lead Managers of the Issue
Idbi Capital Market Services Limited
- Office Address: 3rd Floor, Mafatlal Centre, Nariman Point, Mumbai – 400 021
- Telephone: +91-22-2289 7529/21
- Email: christina.fernandes@idbicapital.com
PKH Ventures IPO – Registrar of the Issue
Link Intime India Private Ltd
- Telephone: +91-22-4918 6270
- Email: pkh.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
PKH Ventures Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
