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PKH Ventures IPO is a book built issue of Rs 379.00 crores. The issue is a combination of fresh issue of 1.83 crore shares aggregating to Rs 270.22 crores and offer for sale of 0.74 crore shares aggregating to Rs 109.13 crores.
PKH Ventures IPO bidding started from June 30, 2023 and ended on July 4, 2023. The allotment for PKH Ventures IPO was finalized on Friday, July 7, 2023. PKH Ventures IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, July 12, 2023.
PKH Ventures IPO price band is set at ₹140 to ₹148 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹14,800. The minimum lot size investment for sNII is 14 lots (1,400 shares), amounting to ₹207,200, and for bNII, it is 68 lots (6,800 shares), amounting to ₹1,006,400.
Idbi Capital Market Services Limited is the book running lead manager of the PKH Ventures IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to PKH Ventures IPO RHP for detailed information.
| IPO Date | June 30, 2023 to July 4, 2023 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹140 to ₹148 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 25,632,000 shares (aggregating up to ₹379.00 Cr) |
| Fresh Issue | 18,258,400 shares (aggregating up to ₹270.22 Cr) |
| Offer for Sale | 7,373,600 shares of ₹5 (aggregating up to ₹109.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 63,992,080 |
| Share holding post issue | 82,250,480 |
PKH Ventures IPO offers 25,632,000 shares. 12,816,000 (50.00%) to QIB, 3,844,800 (15.00%) to NII, 8,971,200 (35.00%) to RII. 89,712 RIIs will receive minimum 100 shares and 915 (sNII) and 1,830 (bNII) will receive minimum 1,400 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 12,816,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 3,844,800 (15.00%) | |
| bNII > ₹10L | 2,563,200 (10.00%) | 1,830 |
| sNII < ₹10L | 1,281,600 (5.00%) | 915 |
| Retail Shares Offered | 8,971,200 (35.00%) | 89,712 |
| Total Shares Offered | 25,632,000 (100%) |
PKH Ventures IPO opens on June 30, 2023, and closes on July 4, 2023.
| IPO Open Date | Friday, June 30, 2023 |
| IPO Close Date | Tuesday, July 4, 2023 |
| Basis of Allotment | Friday, July 7, 2023 |
| Initiation of Refunds | Monday, July 10, 2023 |
| Credit of Shares to Demat | Tuesday, July 11, 2023 |
| Listing Date | Wednesday, July 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 4, 2023 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
The promoter of the company is Mr. Pravin Kumar Agarwal.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 68.84% |
Incorporated in 2000, PKH Ventures Limited is engaged in the business of Construction & Development, Hospitality, and Management Services.
PKH Ventures executes Civil Construction works for Third Party Developer projects. The Civil Construction business is executed by its Subsidiary and construction arm, Garuda Construction.
The company concluded the development of the Delhi Police Headquarters in April 2021, which involved the construction of twin towers of seventeen (17) storeys each, with a complete glass façade and steel bridge connecting the two towers. The company is proposing to develop its own Forthcoming Development Projects, which include real estate development at Amritsar, Punjab; a food park at Jalore, Rajasthan; cold storage park/facilities at Indore, Madhya Pradesh; and a wellness center & resort at Chiplun, Maharashtra.
PKH Ventures' Hospitality vertical is in the business of owning, managing, and operating hotels, restaurants, QSRs, spas, and the sale of food products. 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. The company has developed two hotels in Mumbai viz., Golden Chariot Hotel & Spa, Vasai and Golden Chariot, The Boutique Hotel near Mumbai International Airport ("Mumbai Hotels") and has been owning, managing and operating the 180 Mumbai Hotels since FY 2015.
PKH Ventures has been awarded with two Government Projects viz., the Hydro Power Project and the Nagpur Project, being executed through its Subsidiaries/SPVs.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 244.81 | 169.00 | 14.09 | 149.40 | 141.96 | 25.91 |
| 31-Mar-21 | 1,077.04 | 264.66 | 30.57 | 184.72 | 177.03 | 96.69 |
| 31-Mar-22 | 1,102.45 | 245.41 | 40.52 | 327.38 | 295.68 | 98.24 |
| 31-Dec-22 | 1,248.03 | 155.03 | 28.64 | 356.01 | 172.01 | |
| Amount in ₹ Crore | ||||||
The market capitalization of PKH Ventures IPO is Rs 1217.31 Cr.
| KPI | Values |
|---|---|
| ROCE | 15.00% |
| RoNW | 12.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.33 | |
| P/E (x) | 23.42 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] PVL is engaged in construction/development, hospitality and management services and has thus varied operations. With the mix of business, it has improved its PAT margins for the reported periods. Based on its FY23 financial performance, the issue appears aggressively priced. Well-informed/cash surplus investors may consider an investment with a long-term perspective. Read detail review...
The PKH Ventures IPO is subscribed 0.65 times on July 4, 2023 7:02:00 PM. The public issue subscribed 0.99 times in the retail category, 0.11 times in the QIB category, and 1.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.11 |
| NII | 1.67 |
| bNII (bids above ₹10L) | 2.01 |
| sNII (bids below ₹10L) | 0.98 |
| Retail | 0.99 |
| Total | 0.65 |
Total Application : 67,728 (0.75 times)
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.
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/index.html
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pkh.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
PKH Ventures IPO is a main-board IPO of 25,632,000 equity shares of the face value of ₹5 aggregating up to ₹379.00 Crores. The issue is priced at ₹140 to ₹148 per share. The minimum order quantity is 100 Shares.
The IPO opens on June 30, 2023, and closes on July 4, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PKH Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in PKH Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PKH Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PKH Ventures IPO opens on June 30, 2023 and closes on July 4, 2023.
PKH Ventures IPO lot size is 100 Shares, and the minimum amount required is ₹14,800.
You can apply in PKH Ventures IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for PKH Ventures IPO will be done on Friday, July 7, 2023, and the allotted shares will be credited to your demat account by Tuesday, July 11, 2023. Check the PKH Ventures IPO allotment status.
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hari Uday| Link | Bookmark |July 5, 2023 6:24:57 PMipo sonipta
be beware whatever hr mkts gets sssup down
sell apply if he active