pkh ventures ipo

PKH Ventures IPO

Closed RHP

PKH Ventures IPO Details

  • Open Date 30-Jun-23
  • Close Date 04-Jul-23
  • Lot Size 100
  • IPO Size ₹ 379 Cr
  • IPO Price Range ₹ 140 to ₹ 148
  • Min Investment ₹ 14000
  • Listing Exchange BSE, NSE
  • Basis of Allotment 07-Jul-23
  • Refunds 10-Jul-23
  • Credit to Demat Account 11-Jul-23
  • Listing Date 12-Jul-23

PKH Ventures IPO Subscription Status

Date QIB NII Retail TOTAL
30-Jun-23 0.00 0.10 0.14 0.06
03-Jul-23 0.11 0.63 0.45 0.31
04-Jul-23 0.11 1.67 0.99 0.65

PKH Ventures IPO Synopsis

PKH Ventures is engaged in the business of Construction & Development, Hospitality, and Management Services its IPO opens on 30th June and closes on 4th July.

The issue consists of a total issue of 25,632,000 shares (aggregating up to ₹379.00 Cr). The price band for the issue is fixed at Rs.140 to Rs.148 per share. The lot size is set for 100 shares per lot. The shares will be allotted on the 7th of July and the issue will be listed on the 12th July on the stock exchanges.

The book-running lead manager to the offer is IDBI Capital Market Services Limited. 


Objective of PKH Ventures IPO:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.    Investment by way of equity in its subsidiary, Halaipani Hydro Project Private Limited for the development of Hydro Power Project (Civil Construction and Electromechanical Works),
2.    Investment in Garuda Construction project, for funding long-term working capital requirements,
3.    Acquisitions and other strategic initiatives; and
4.    To fund expenditures towards general corporate purposes.
 

PKH Ventures IPO Video:

 

About PKH Ventures

PKH Ventures Limited is engaged in the business of Construction & Development, Hospitality, and Management Services.

PKH Ventures executes Civil Construction works for Third Party Developer projects. The Civil Construction business is executed by its Subsidiary and construction arm, Garuda Construction.

PKH Ventures' Hospitality vertical is in the business of owning, managing, and operating hotels, restaurants, QSRs, spas, and the sale of food products. The company currently provides miscellaneous mechanical, electrical, and plumbing ("MEP") works services such as annual maintenance of its projects and certain third-party O&M contracts. The company has developed two hotels in Mumbai viz., Golden Chariot Hotel & Spa, Vasai and Golden Chariot, The Boutique Hotel near Mumbai International Airport ("Mumbai Hotels") and has been owning, managing and operating the 180 Mumbai Hotels since FY 2015.

Peer Comparison
●    N/A

For More Information:
Webstory on PKH Ventures IPO
PKH Ventures IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 199.35 241.5 165.88
EBITDA 99.02 78.62 22.62
PAT 40.51 30.57 14.09
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 1102.45 1077.04 244.81
Share Capital 31.99 7.99 7.5
Total Borrowings 98.24 96.69 25.91
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 23.38 -426.83 5.8
Net cash from / (used in) investing activities -1.82 311.16 -1.83
Net cash flow from / (used in) financing activities -10.44 114.27 -2.78
Net increase (decrease) in cash and cash equivalents 11.11 -1.40 1.18


Peer Comparison

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


PKH Ventures IPO Key Points

  • Strengths

    1. Established track records
    The company, for over 15 years, had been managing and operating restaurants, quick service restaurants, lounges, F&B counters, vending machines and other catering services at various airports in the country. The knowledge and experience gained from this business enabled our Company to venture into owning, managing and operating hotels, restaurants, banquets and QSRs.
    2. Visible growth through increasing Third Party Developer Order Book, Government Projects, Government Hotel Development Projects and Forthcoming Development Projects.
    3. Diverse Business Model 
    The company is in the business of Construction & Development, Hospitality, and Management Services. The businesses generate income from diverse activities utterly independent of each other. 
     

  • Risks

    1. The timeline for completing the Hydro Power Project could be impacted if the company is unable to obtain the approvals necessary for execution for which it has submitted pertinent applications that are currently pending.
    2. The company has no experience of developing and operating a hydropower plant and it may not be successful in these endeavors. In the event of failure of execution of the Hydro Power Project or lack of adequate generation of power, the same may adversely affect the results of operations and financial condition.
    3. The Company has entered into revenue-sharing agreements with its Promoter and Group Companies (which are also promoter group members) for certain properties owned by them and used for the business of the Company. Its profits will reduce as per these arrangements. 
    4. The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate its business and implement its growth plans, thereby affecting its financial condition.

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

PKH Ventures IPO FAQs

What is the minimum lot size of PKH Ventures IPO?

The minimum lot size of PKH Ventures IPO is 100 shares.

What is the price band of PKH Ventures IPO?

The price band of PKH Ventures IPO is ₹140 to ₹148 per share.

When does the PKH Ventures issue open and close?

PKH Ventures IPO opens on June 30, 2023 and closes on July 04, 2023.

What is the size of PKH Ventures IPO?

The PKH Ventures IPO comprises a total issue aggregating up to ₹379.00 Cr

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?

The allotment date of PKH Ventures is 7th July 2023.

What is the PKH Ventures listing date?

The listing date of PKH Ventures IPO is 12th July 2023.

Who are the book runners for PKH Ventures IPO?

IDBI Capital and BoB Capital Markets are the book running lead managers of PKH Ventures IPO. 

What is the objective of PKH Ventures IPO?

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

1.    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),
2.    Investment in Garuda Construction project, for funding long-term working capital requirements,
3.    Acquisitions and other strategic initiatives; and
4.    To fund expenditures towards general corporate purposes.

How to apply for the PKH Ventures IPO?

To apply for the PKH Ventures IPO, follow the steps given below

●    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

Contact Details of PKH Ventures IPO

Contact Information

PKH Ventures Limited

201, A Wing, Fortune 2000,
C-3, G Block Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051
Phone: +91 22 7963 5174
Email: compliance@pkhventures.com
Website: http://pkhventures.com/index.html

PKH Ventures IPO Register

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: pkh.ipo@linkintime.co.in
Website: https://linkintime.co.in/

PKH Ventures IPO Lead Manager

Idbi Capital Market Services Limited

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