PKH Ventures Ltd IPO

Upcoming DRHP

IPO Synopsis

PKH Ventures, a construction and hospitality firm, has filed preliminary papers with capital markets regulator SEBI to raise funds through an Initial Public Offering (IPO).
The issue will comprise of fresh issue up to 18.26 million shares and sell up to 9.83 million shares by promoter Pravin Kumar Agarwal who holds 63.69 percent.
IDBI Capital and BoB Capital Markets are the lead managers to the issue


Objective of the Issue

The proceeds of the issue will be used to 

1. invest in subsidiaries -- Halaipani Hydro Project Pvt Ltd and Garuda Construction
2. funding long-term working capital requirements 
3. for funding strategic acquisitions and investments, among others
 

About PKH Ventures Ltd

The Mumbai-based company has three business verticals -- construction and management, hospitality and management services. It ventured into the business of Construction and Development through our subsidiary, Garuda Construction in the year 2012 with the development of the Mumbai Hotels.
Construction projects include residential, commercial buildings and miscellaneous construction projects. Our Development projects include Amritsar Project, Punjab, Halaipani Hydropower Plant, Arunachal Pradesh, Food Park at Jalore, Rajasthan, an entertainment centre at Nagpur, Maharashtra, Cold Storage Project near Indore, Madhya Pradesh and Wellness Centre and Resort, at Chiplun, Maharashtra.
It also manages and operate a luxurious resort at Aamby Valley, Lonavala, near Mumbai (“Aamby Valley Resort”)
The company has also forayed into the owning and operating of restaurants under the name/brands Balaji, Golden Chariot, Zebra Crossing and Casablanca and QSRs under the brands Hardy’s Burger and Mumbai Salsa. These outlets are presently closed due to Covid-19 and will be operational once these centres are re-opened. All other external restaurants and QSRs are presently closed due to Covid 19. As a part of the Management Services, it provides services for storm water pumping stations at certain locations in Mumbai and maintenance of its BOT/HAM projects.
The company also own a cricket team in the T20 Mumbai League of the Mumbai Cricket Association (MCA).

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY21 FY20 FY19
Revenue 241.5 165.9 160.4
EBITDA 78.6 22.6 9.9
PAT 30.6 14.1 2.4
Particulars (in Rs. Crores) FY21 FY20 FY19
Total Assets 1077.0 244.8 218.6
Share Capital 8.0 7.5 7.5
Total Borrowings 96.7 25.9 28.5
Particulars (in Rs. Crores) FY21 FY20 FY19
Net cash generated from / (used in) operating activities -426.83 5.81 14.18
Net cash from / (used in) investing activities 311.16 -1.84 9.32
Net cash flow from / (used in) financing activities 114.28 -2.78 -23.54
Net increase (decrease) in cash and cash equivalents -1.40 1.19 -0.05


Peer Comparison

There is no listed company in India that engage in such diversified business similar to that of our Company


The key points are- 

IPO Key Points

  • Strengths

    1. Diversified Businesses - Construction & Development, Hospitality and Management Services
    2. Effective and Efficient Capital Deployment
    3. Experience in the Construction & Development of complex buildings and projects.
    4. Asset light model for its Construction & Development business.

  • Risks

    1. It derives majority of its revenue from Construction & Development projects
    2. Hydro Power Project faces weather related risks like floods, cloudburst, and such environmental risks
    3. Delay or default by the power distribution company in payment of its dues for the sale of power from the Hydro Power Project
    4. Any dispute with Delhi Police regarding the newly developed Delhi Police Headquarters leading to a delay or cessation of annuity payments
    5. no experience in developing and selling a real estate project

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

IPO FAQs

What is the price band of the IPO?

PKH Ventures IPO details are yet to be announced.

When does the PKH Ventures issue open and close?

PKH Ventures IPO details are yet to be announced.

What is the size of PKH Ventures IPO issue?

The IPO comprise of fresh issue up to 18.26 million shares and sell up to 9.83 million shares by promoter Pravin Kumar Agarwal who holds 63.69 percent.

Who are the promoters/key personnels of PKH Ventures?

PKH Ventures is promoted by Pravin Kumar Agarwal.

What is the allotment date of PKH Ventures?

PKH Ventures IPO details are yet to be announced.

What is the PKH Ventures listing date?

PKH Ventures IPO details are yet to be announced.

Who are the book runners for PKH Ventures IPO?

IDBI Capital and BoB Capital Markets are the book running lead managers to the issue.

What is the objective of the issue?

The proceeds from the issue will be used for: 

1. invest in subsidiaries -- Halaipani Hydro Project Pvt Ltd and Garuda Construction – 
2. funding long-term working capital requirements, 
3. for funding strategic acquisitions and investments, among others

How to apply for the PKH Ventures IPO?

To apply for the IPO, follow the steps given below

1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and price at which you wish to apply for
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
4. You will receive a mandate notification to block funds in your UPI app