PKH Ventures Limited is in the business of Construction & Development, Hospitality and Management Services.
The company execute Civil Construction works for Third Party Developer projects and have been awarded with two Government Projects viz., the Hydro Power Project and the Nagpur Project, being executed through PKH Ventures Subsidiaries/SPVs.
The Civil Construction business is executed by company’s Subsidiary and construction arm, Garuda Construction. The company Hospitality vertical is in the business of owning, managing and operating hotels, restaurants, QSRs, spas and sale of food products.
PKH Ventures is proposing to develop its own Forthcoming Development Projects, which include real estate development at Amritsar, Punjab; food park at Jalore, Rajasthan; cold storage park/facilities at Indore, Madhya Pradesh; and a wellness centre & resort at Chiplun, Maharashtra.
Garuda Construction is currently engaged in the Civil Construction of eight (8) residential projects for Third Party Developers and Promoter Group in the MMR. As of March 10, 2022, the Garuda Construction’s Third Party Developer Order Book was ₹ 55,975.26 lakhs.
The company has also invested in the ownership of a cricket team as a joint venture partner, through its subsidiary, PK Sports. Company’s cricket team i.e. “NaMo Bandra Blasters” plays in the T20 Mumbai League of the Mumbai Cricket Association.
As of December 31, 2021, PKH Ventures had hundred and thirty two (132) employees. The Company has received ISO 9001:2015 certification for the quality management system and ISO 22000:2018 certification for the food safety management system.
PHK Ventures Subsidiary, Garuda Construction has received ISO 45001:2018 certification in respect of the occupational health and safety management systems, ISO 9001:2015 certification for the quality management systems and ISO 14001:2015 certification for the environment management systems.
PKH Ventures IPO – Details
| IPO Opening Date | 30 June 2023 |
| IPO Closing Date | 04 July 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,80,89,888 Shares Worth ₹379.35 Crore Fresh Issue: 1,82,58,400 Shares Worth ₹270.22 Crore Offer For Sale: 73,73,600 Shares Worth ₹109.13 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹140 – ₹148 |
| Market Lot | 100 Shares |
| Min Order | 100 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
PKH Ventures IPO – Date Schedule
| IPO Open Date | 30 June 2023 |
| IPO Close Date | 04 July 2023 |
| Basis of Allotment Date | 07 July 2023 |
| Initiation of Refunds | 10 July 2023 |
| Credit of Shares to Demat Account | 11 July 2023 |
| IPO Listing Date | 12 July 2023 |
PKH Ventures IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 14,800 |
| Retail (Max) | 13 | 1300 | 1,92,400 |
| S-HNI (Min) | 14 | 1400 | 2,07,200 |
| S-HNI (Max) | 67 | 6700 | 9,91,600 |
| B-HNI (Min) | 68 | 6800 | 10,06,400 |
Competitive Strengths
- Established Track Record;
- Visible growth through increasing Third Party Developer Order Book, Development Projects and Government Projects;
- Diverse Business Model;
- Asset light model of the Civil Construction business;
- Strong financial performance and robust balance sheet; and
- Experienced Promoter, Directors & Management Team.
Company Promoters
- Pravin Kumar Agarwal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2019 | 168.64 | 165.78 | 2.43 |
| 31 March 2020 | 169.00 | 161.45 | 14.10 |
| 31 March 2021 | 264.65 | 201.11 | 51.63 |
| 30 September 2021 | 134.96 | 60.24 | 57.72 |
| 31 March 2022 | 245.40 | 159.84 | 66.41 |
| 31 December 2022 | 155.03 | 99.25 | 38.99 |
Object Of The Issue
- Investment by way of equity in company’s subsidiary, Halaipani Hydro Project for development of Hydro Power Project.
- Investment in Company’s Subsidiary, Garuda Construction, for funding long-term working capital requirements.
- Pursuing inorganic growth through acquisitions and other strategic initiatives.
- General corporate purposes.
PKH Ventures IPO Strengths
- Diversified Businesses – Construction & Development, Hospitality and Management Services.
- Effective and Efficient Capital Deployment.
- Experience in the Construction & Development of complex buildings and projects.
- Asset light model for its Construction & Development business.
PKH Ventures IPO Risks
- It derives majority of its revenue from Construction & Development projects.
- Hydro Power Project faces weather related risks like floods, cloudburst, and such environmental risks.
- Delay or default by the power distribution company in payment of its dues for the sale of power from the Hydro Power Project.
- Any dispute with Delhi Police regarding the newly developed Delhi Police Headquarters leading to a delay or cessation of annuity payments.
- No experience in developing and selling a real estate project.
PKH Ventures IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 68.84% |
PHK Ventures IPO Prospectus
| IPO Notices 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 Contact Information
| PKH Ventures Limited 201, A Wing, Fortune 2000, C-3, G Block Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India Phone: +91 22 7963 5174 / 3572 2456 Email: compliance@pkhventures.com Website: http://pkhventures.com |
PKH Ventures IPO Registrar
| Link Intime India Private Limited Phone: + 91 22 4918 6200 Email: pkh.ipo@linkintime.co.in Website: www.linkintime.co.in |
PKH Ventures IPO Lead Manager(s)
| 1. IDBI Capital Markets & Securities Limited 2. BOB Capital Markets Limited |
PKH Ventures IPO FAQs
| What is PKH Ventures IPO? PKH Ventures IPO is a main-board IPO. The issue is priced at ₹140 to ₹148 per equity share. The IPO is to be listed on BSE & NSE. |
| When PKH Ventures IPO will open? The IPO is to open on 30 June 2023 for QIB, NII, and Retail Investors. |
| What is PKH Ventures IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the PKH Ventures IPO? You can apply PKH Ventures IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the PKH Ventures IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “PKH Ventures”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the PKH Ventures IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “PKH Ventures”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the PKH Ventures IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “PKH Ventures”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the PKH Ventures IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “PKH Ventures”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is PKH Ventures IPO Size? PKH Ventures IPO size is ₹379.35 Cr. |
| What is PKH Ventures IPO Price Band? PKH Ventures IPO Price Band is ₹140 to ₹148. |
| What is PKH Ventures IPO Minimum and Maximum Lot Size? The minimum bid is 100 Shares with ₹14,800 amount while the maximum bid is 1300 shares with ₹1,92,400. |
| What is the PKH Ventures IPO Allotment Date? PKH Ventures IPO allotment date is 07 July 2023. |
| What is the PKH Ventures IPO Listing Date? PKH Ventures IPO listing date is 12 July 2023. The IPO is to list on BSE and NSE. |
