PKH Ventures IPO (IPO withdrawn)

PKH Ventures IPO will open for subscription from 30 June 2023. the company aims for an issue size of ₹379 Cr through this IPO.

Important Notice

BRLM to the PKH Ventures Limited has informed the Exchange that due to the prevailing market conditions, pursuant to a Resolution passed by the IPO committee of the company on July 04 2023 the issuer has now decided to withdraw the issue in consultation with BRLMs and Registrar. Hence the IPO of PKH Ventures Limited will be treated as withdrawn.

Company Overview

Full namePKH Ventures Limited
SectorEngineering & Construction
IndustryEngineering & Construction

About Company

The company has diversified business operations in Construction & Development, Hospitality, and Management Services. It ventured into the business of Construction and Development through its subsidiary, Garuda Construction in the year 2012 with the development of its Mumbai Hotels. Through the years, it has grown this vertical further and executed more than 10 Construction & Development projects. At present, PKH Ventures has 11 Construction and Development projects under development. Its Construction projects include residential, commercial buildings, and miscellaneous construction projects.

It has over 15 years of experience in offering Management Services at various airports which laid the foundation of its entry into the hospitality sector by developing and operating 2 hotels. PKH Ventures also operates a luxurious resort at Aamby Valley, Lonavala, near Mumbai (Aamby Valley Resort). As a natural extension to the hotel business over the years, the company 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.

The Objective of the Issue

  • 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 the Garuda Construction project, for funding long-term working capital requirements,
  • Acquisitions and other strategic initiatives; and
  • To fund expenditures towards general corporate purposes.

PKH Ventures IPO Timetable

IPO Opening date30 June 2023
IPO Closing04 July 2023
Basis of Allotment07 July 2023
Initiation Refund10 July 2023
Credit to Demat Account11 July 2023
Listing Date12 July 2023

PKH Ventures IPO details

Issue typeBook Built Issue IPO
IPO issue size₹379 Cr – 25,632,000 shares
Fresh Issue₹270.22 Cr – 18,258,400 shares
Offer for sale₹109.13 Cr – 7,373,600 shares
Face value₹05 per share
Price Band₹140 to ₹148 per share
Lot size100 Shares
Retail Allocation35%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)1100₹14,800
Retail (Max)131300₹192,400
S-HNI (Min)141,400₹207,200
S-HNI (Max)676,700₹991,600
B-HNI (Min)686,800₹1,006,400

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income14.0930.5740.5228.64
Margin (%)8.4912.6620.3322.83
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio22.12 – 23.38
RONW (%)9.4316.5512.38
ROCE (%)10.6112.9415.00
EBITDA (%)13.3829.7140.35

Company Promoters

  • Mr. Pravin Kumar Agarwal.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding68.84%

Lead Manager(s)

6th Floor, IDBI Tower, WTC Complex, Cuffe Parade
Mumbai 400 005, Maharashtra
Phone: +91 22 2217 1700

IPO Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949

Contact Details

201, A Wing, Fortune 2000, C-3,
G Block Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 7963 5174 / 3572 2456

Allotment Status

PKH Ventures IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.

Final thoughts

PKH Ventures IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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