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
PKH Ventures Financial Status
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
Open Demat Account in 5 minutes
Be a part of the 5paisa community - the first listed discount broker of India
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
IPO News
Presstonic Engineering IPO GMP (Grey Market Premium)
Presstonic Engineering IPO opened for subscription on 11th December 2023 and closes for subscription on 13th December 2023. The stock of Presstonic Engineering IPO has a face value of ₹10 per share and it is a fixed price issue with the issue price already fixed at ₹72 per share.
IPO Blog
Sheetal Universal IPO Allotment Status
Quick take on the IPO of Sheetal Universal Ltd The IPO of Sheetal Universal Ltd opened for subscription on 04th December 2023 and closed for subscription on 06th December 2023. The stock of Sheetal Universal Ltd has a face value of ₹10 per share and it is a fixed price issue with the issuer price already fixed at ₹70 per share. The Sheetal Universal IPO has only a fresh ...
IPO Guide
IPO Cycle
The IPO cycle, also referred to as Initial Public Offering Cycle, allows private companies to go public and offer the company's shares to the general public for the first time. It ...