PKH Ventures IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The PKH Ventures IPO will open on June 30 and close on July 4, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 379 crores through this public offering, consisting of 2.56 crores shares with a face value of ₹ 5 each, which will be issued at a price of ₹ 140 to ₹ 148 per share.
PKH Ventures Limited (“the Company”)
PKH Ventures Ltd. was incorporated in 2000. The company engages in the business of Construction and Development, Hospitality, and Management Services.
The company executes civil construction works for third-party developers on projects and has been awarded two Government Projects, the Hydro Power Project and the Nagpur Project, executed through its subsidiaries, or SPVs.
The Civil Construction business is executed by its Subsidiary and construction arm, Garuda Construction. Its Hospitality vertical owns, manages, and operates hotels, restaurants, QSRs, spas, and food products. Company Management Services currently provides miscellaneous mechanical, electrical, and plumbing (“MEP”) works services such as annual maintenance of our projects and certain third-party O&M contracts.
On April 2, 2020, PKH Ventures Limited acquired the shareholding in Garuda Construction, making it our subsidiary. As of November 20, 2020, It acquired “controlling interest” in Eternal Infra through changes in the composition of the Board of Directors, making Eternal Infra its own subsidiary.
PKH Ventures Limited concluded the development of the Delhi Police Headquarters in April 2021. company is proposing to develop its own upcoming Development Projects, which include real estate development at Amritsar, Punjab; a food park at Jalore, Rajasthan; a cold storage park and facilities at Indore, Madhya Pradesh; and a wellness centre and resort at Chiplun, Maharashtra.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Investment by way of equity in our subsidiary, Halaipani Hydro Project Private Limited, for the development of a hydropower 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 for general corporate purposes.
Financial Highlights (Restated)
| Particulars | The period ended on 31st Dec. 22 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 356 | 327 | 185 | 149 |
| Total Assets | 1,248 | 1,102 | 1,077 | 245 |
| Reserve & Surplus | – | 296 | 177 | 142 |
| Total Borrowings | 172 | 98 | 97 | 26 |
| Total Revenue | 155 | 245 | 265 | 169 |
| Profit After Tax | 29 | 40 | 31 | 14 |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 140 to ₹ 148 per share |
| Face Value | ₹ 5 per share |
| Market Lot | 100 shares |
| Issue Size | 25,632,000 shares (aggregating up to ₹ 379 crores) |
| Fresh Issue | 18,258,400 shares (aggregating up to ₹ 270.22 crores) |
| Offer for Sale | 7,373,600 shares (aggregating up to ₹ 109.13 crores) |
| Listing At | NSE, BSE |
| Company Promoters | Mr Praveen Kumar Agrawal |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the offer |
| Retail shares offered | Not less than 35% of the offer |
GMP: PKH Ventures IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: PKH Ventures IPO
The issue opens for subscription on June 30, 2023, and closes for subscription on July 4, 2023 (both days inclusive). The basis of allotment will be finalised on July 7, 2023, and the refunds will be initiated on July 10, 2023. In addition, the demat credits are expected to happen on July 11, 2023, and the stock will be listed on the NSE and BSE on July 12, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | June 30, 2023, |
| Closing Date | July 4, 2023 |
| Basis of Allotment | July 7, 2023 |
| Initiation of Refunds | July 10, 2023 |
| A credit of shares to Demat A/c | July 11, 2023 |
| Listing Date | July 12, 2023 |
Lot Size
The lot size of the PKH Ventures IPO is 100 shares. A retail-individual investor can apply for up to 13 lots, i.e. 1,300 shares of ₹ 192,400.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 100 | ₹ 14,800 |
| Retail (Maximum) | 13 | 1,300 | ₹ 192,400 |
| S-HNI (Minimum) | 14 | 1,400 | ₹ 207,200 |
| S-HNI (Maximum) | 67 | 6,700 | ₹ 991,600 |
| B-HNI (Minimum) | 88 | 6,800 | ₹ 1,006,400 |
Promoters Holdings
| Pre-issue Shares Holdings | 100.00% |
| Post-issue Shares Holdings | 68.84% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company 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/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: pkh.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | Idbi Capital Market Services Limited |
FAQs
What is PKH Ventures’s IPO price?
The PKH Ventures IPO price is ₹ 140 to ₹ 148 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the PKH Ventures IPO contains 1,300 shares of ₹ 192,400.
When will the PKH Ventures IPO allotment be available?
The finalisation of the basis of allotment for the PKH Ventures IPO will be done on July 7, 2023, and the allotted shares will be credited to your demat account by July 11, 2023. Check the PKH Ventures IPO allotment status.
When will the PKH Ventures IPO list on exchanges?
The PKH Ventures IPO shares listing date is July 12, 2023.
How many PKH Ventures IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.
