Bookbuilding IPO | ₹379 Cr | Listing at BSE, NSE | Fri, Jun 30, 2023 - Tue, Jul 4, 2023
PKH Ventures IPO is a book build issue of ₹379.35 crores. The issue is a combination of fresh issue of 1.83 crore shares aggregating to ₹270.22 crores and offer for sale of 0.74 crore shares aggregating to ₹109.13 crores.
PKH Ventures IPO bidding started from Jun 30, 2023 and ended on Jul 4, 2023. The allotment for PKH Ventures IPO was finalized on Jul 7, 2023. PKH Ventures IPO will list on NSE and BSE with a tentative listing date fixed as Jul 12, 2023.
PKH Ventures IPO is set issue price band at ₹140 to ₹148 per share. The lot size for an application is 100 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,800 (100 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,400 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (6,800 shares), amounting to ₹10,06,400.
IDBI Capital Markets & Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to PKH Ventures IPO RHP for detailed Information.
IPO Open
Fri, Jun 30, 2023
IPO Close
Tue, Jul 4, 2023
Price Band
₹140 to ₹148
Market Cap (Pre-IPO)
₹1,217.31 Cr
| IPO Date | 30 Jun to 4 Jul, 2023 |
| Listing Date | Wed, Jul 12, 2023T |
| Face Value | ₹5 per share |
| Price Band | ₹140 to ₹148 |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,56,32,000 shares (agg. up to ₹379 Cr) |
| Fresh Issue | 1,82,58,400 shares (agg. up to ₹270 Cr) |
| Offer for Sale | 73,73,600 shares of ₹5 (agg. up to ₹109 Cr) |
| Share Holding Pre Issue | 6,39,92,080 shares |
| Share Holding Post Issue | 8,22,50,480 shares |
PKH Ventures IPO comprises a total issue size of 2,56,32,000 shares. Out of which, 1,28,16,000 are allocated to QIB, 38,44,800 (15.00%) allocated to NII 89,71,200 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,28,16,000 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 1,28,16,000 | NA | |
| NII (HNI) Shares Offered | 38,44,800 | 15.00% | NA |
| − bNII > ₹10L | 25,63,200 | 10.00% | 1,830 |
| − sNII < ₹10L | 12,81,600 | 5.00% | 915 |
| Retail Shares Offered | 89,71,200 | 35.00% | 89,712 |
| Total Shares Offered | 2,56,32,000 | 100.00% |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,800 |
| Retail (Max) | 13 | 1,300 | ₹1,92,400 |
| S-HNI (Min) | 14 | 1,400 | ₹2,07,200 |
| S-HNI (Max) | 67 | 6,700 | ₹9,91,600 |
| B-HNI (Min) | 68 | 6,800 | ₹10,06,400 |
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 | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 1,248.03 | 1,102.45 | 1,077.04 | 244.81 |
| Total Income | 155.03 | 245.41 | 264.66 | 169.00 |
| Profit After Tax | 28.64 | 40.52 | 30.57 | 14.09 |
| NET Worth | 356.01 | 327.38 | 184.72 | 149.40 |
| Reserves and Surplus | 295.68 | 177.03 | 141.96 | |
| Total Borrowing | 172.01 | 98.24 | 96.69 | 25.91 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Listing Day Close | Listing Gain/Loss % |
|---|---|---|---|---|
| Udayshivakumar Infra Ltd. | Mainboard | ₹66.00 Cr | ₹31.50 | -10.00% |
| Viviana Power Tech Ltd. | SME | ₹8.80 Cr | ₹94.50 | +71.82% |
| Agni Green Power Ltd. | SME | ₹5.25 Cr | ₹26.25 | +162.50% |
| Jayant Infratech Ltd. | SME | ₹6.19 Cr | ₹79.80 | +19.10% |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment by way of equity in our Subsidiary, Halaipani Hydro Project Private Limited for development of Hydro Power Project (Civil Construction and Electromechanical Works); | 124.12 |
| 2 | Investment by way of equity in our Subsidiary, Garuda Construction, for funding long-term working capital requirements; | 80.00 |
| 3 | Pursuing inorganic growth through acquisitions and other strategic initiatives; and | 40.00 |
| 4 | To fund expenditures towards general corporate purposes |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.33 | |
| P/E (x) | 23.42 | |
| Promoter Holding | 100.00% | 68.84% |
| Market Cap | ₹1,217.31 Cr. |
The PKH Ventures IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees | |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and the Banker(s) to the Offer, brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Others | |
| 5 | - Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | |
| 6 | - Printing and stationery | |
| 7 | - Advertising and marketing expenses | |
| 8 | - Fee payable to legal counsels | |
| 9 | - Fees payable to other advisor such as Statutory Auditor, independent chartered accounts, independent chartered engineer, fees payable to the monitoring agency, Advisor to our Company, rating agency for industry report etc | |
| 10 | - Miscellaneous |
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.
Lead Manager Reports
PKH Ventures IPO is a main-board IPO of 2,56,32,000 equity shares of the face value of ₹5 aggregating up to ₹379 Crores. The issue is priced at ₹140 to ₹148. The minimum order quantity is 100.
The IPO opens on Fri, Jun 30, 2023, and closes on Tue, Jul 4, 2023.
MUFG Intime India Pvt.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 Fri, Jun 30, 2023 and closes on Tue, Jul 4, 2023.
PKH Ventures IPO lot size is 100, and the minimum amount required for application is ₹14,800.
You can apply in PKH Ventures IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Jul 11, 2023. Check the PKH Ventures IPO allotment status.
The PKH Ventures IPO listing date is not yet announced. The tentative date of listing is Wed, Jul 12, 2023.
