PKH Ventures IPO

PKH Ventures IPO | Review

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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.


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.



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

Established track recordNegative cash flows in the past
Diverse Business ModelRequires significant working capital
Asset light model of Civil Construction businessSignificant revenues from the Construction & Development vertical
Strong financial performanceInorganic growth by way of acquisitions
Robust balance sheetRely on consultants on project reports
Experienced PromoterRely on various third parties


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Company Financials

YearRevenue (in Crore)Profit (in Crore)

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

Retail (Min)1100Rs.14,800
Retail (Max)131300Rs.1,92,400
S-HNI (Min)141400Rs.2,07,200
S-HNI (Max)676700Rs.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 Issue1,82,58,400 shares
Offer for Sale73,73,600 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 DateJune 30- July 04, 2023
Allotment DateJuly 07, 2023
Initiation of RefundsJuly 10, 2023
Credit of share to Demat a/cJuly 11, 2023
IPO Listing DateJuly 12, 2023

Allotment Status

Link Intime  –

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About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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