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 Hence the IPO of PKH Ventures Limited will be treated as withdrawn.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 name | PKH Ventures Limited |
| Sector | Engineering & Construction |
| Industry | Engineering & Construction |
| Company Website | www.pkhventures.com |
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 date | 30 June 2023 |
| IPO Closing | 04 July 2023 |
| Basis of Allotment | 07 July 2023 |
| Initiation Refund | 10 July 2023 |
| Credit to Demat Account | 11 July 2023 |
| Listing Date | 12 July 2023 |
PKH Ventures IPO details
| Issue type | Book 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 size | 100 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,800 |
| Retail (Max) | 13 | 1300 | ₹192,400 |
| S-HNI (Min) | 14 | 1,400 | ₹207,200 |
| S-HNI (Max) | 67 | 6,700 | ₹991,600 |
| B-HNI (Min) | 68 | 6,800 | ₹1,006,400 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 165.89 | 241.51 | 199.35 | 125.46 |
| Expenses | 161.45 | 201.11 | 159.84 | 99.25 |
| Net income | 14.09 | 30.57 | 40.52 | 28.64 |
| Margin (%) | 8.49 | 12.66 | 20.33 | 22.83 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.35 | 5.06 | 6.33 |
| PE ratio | – | – | 22.12 – 23.38 |
| RONW (%) | 9.43 | 16.55 | 12.38 |
| NAV | – | – | 51.16 |
| ROCE (%) | 10.61 | 12.94 | 15.00 |
| EBITDA (%) | 13.38 | 29.71 | 40.35 |
| Debt/Equity | 0.17 | 0.52 | 0.30 |
Company Promoters
- Mr. Pravin Kumar Agarwal.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 68.84% |
Lead Manager(s)
IDBI CAPITAL MARKETS & SECURITIES LIMITED
6th Floor, IDBI Tower, WTC Complex, Cuffe Parade
Mumbai 400 005, Maharashtra
Phone: +91 22 2217 1700
E-mail: pkhventures.ipo@idbicapital.com
Website: www.idbicapital.com
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: infollionresearch.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
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 / 3572 2456
Email: compliance@pkhventures.com
Website: www.pkhventures.com
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
