PKH Ventures Limited has come up with an initial public offer (IPO). It will open on June 30-July 4, 2023 at Rs.140-148 a share. The IPO issue size is around Rs.379.00 crores. The minimum bid will be for 100 shares and in its multiples thereafter.
Overview
PKH Ventures Limited was incorporated in the year 2000. It is in the business of Construction & Development, Hospitality and Management Services. The company is managing and operates restaurants, lounges, retail outlets food stalls, bars, staff canteens and food supply at various airports across the country. It has developed two hotels in Mumbai viz., Golden Chariot Vasai Hotel & Spa and Golden Chariot & The Boutique Hotel near Mumbai International Airport.
The company launched the QSR business under the brand name Zebra Crossing, Hardy’s Burger and Mumbai Salsa in the year 2017. It has extended its Hospitality offering by undertaking the management and operations of Juvana Resort and Spa. 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.
Website – http://pkhventures.com/index.html
Promoters
| Pravin Kumar Agarwal – 63.69% | Deepa Travel Pvt Ltd – 5.38% |
| Ayesspea Holdings & Investments Pvt Ltd – 30.92% | |
Promoter Holding
| Pre-Issue Shareholding – 100% | Post-Issue Shareholding – 68.84% |
Strength & Weakness
| Strengths | Weaknesses |
| Established track record | Negative cash flows in the past |
| Diverse Business Model | Requires significant working capital |
| Asset light model of Civil Construction business | Significant revenues from the Construction & Development vertical |
| Strong financial performance | Inorganic growth by way of acquisitions |
| Robust balance sheet | Rely on consultants on project reports |
| Experienced Promoter | Rely on various third parties |
Competitors
| Larsen & Toubro Ltd. |
| NCC Ltd |
| Shapoorji Pallonji & Co. Ltd |
| Tata Projects Ltd |
Company Financials
| Year | Revenue (in Crore) | Profit (in Crore) |
| 31-Mar-2020 | 169.00 | 14.09 |
| 31-Mar-2021 | 264.66 | 30.57 |
| 31-Mar-2022 | 245.41 | 40.52 |
| 31-Dec-2022 | 155.03 | 28.64 |
Objects of Issue
1. Investment by way of equity in our Subsidiary, Halaipani Hydro Project Private Limited for the development of Hydro Power Project;
2. Investment by way of equity in our Subsidiary, Garuda Construction, for funding long-term working capital requirements;
3. Pursuing inorganic growth through acquisitions and other strategic initiatives;
4. To fund expenditures towards general corporate purposes.
PKH Ventures IPO Lot Size
| Application | Lot | Shares | Amount |
| Retail (Min) | 1 | 100 | Rs.14,800 |
| Retail (Max) | 13 | 1300 | Rs.1,92,400 |
| S-HNI (Min) | 14 | 1400 | Rs.2,07,200 |
| S-HNI (Max) | 67 | 6700 | Rs.9,91,600 |
PKH Ventures IPO Details
| IPO Opening Date | June 30, 2023 |
| IPO Closing Date | July 04, 2023 |
| Face Value | Rs.5 per Equity Share |
| IPO Price | Rs.140-148 per share |
| Market Lot | 100 shares |
| Minimum Order Quantity | 100 shares |
| Listing At | NSE, BSE |
| Fresh Issue | 1,82,58,400 shares |
| Offer for Sale | 73,73,600 shares |
| Issue Size | Up to Rs.379.00 Crore |
| QIB Shares Offered | 50% of the offer |
| Retail Shares Offered | 35% of the offer |
| NII/HNI Shares Offered | 15% of the offer |
PKH Ventures IPO Timetable
| IPO Date | June 30- July 04, 2023 |
| Allotment Date | July 07, 2023 |
| Initiation of Refunds | July 10, 2023 |
| Credit of share to Demat a/c | July 11, 2023 |
| IPO Listing Date | July 12, 2023 |
Allotment Status
Link Intime – https://linkintime.co.in/
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