PKH Ventures IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 04, 2023IPOs are the trend of 2023. And companies are leaving no stone unturned to present themselves with the best opportunities for investment seekers.
Another such company stepping in to mop up funds from the public and offer shareholding in the company is PKH Ventures Limited.
PKH Ventures IPO is of about Rs. 379 crore made up of a Fresh Issue of 18,258,400 equity shares and an Offer for Sale of 7,373,600 equity shares by the company’s promoter.
PKH Ventures IPO Review will be your guide to critically analyzing the possibilities of this IPO for your investment portfolio.
| Face Value | Rs 5 |
| Price Band | Rs 140 to Rs 148 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 100 Shares |
| Listing Date | 12 July 2023 |
| Offer for Sale | 109.13 Cr. |
| Fresh Issue | 270.22 Cr. |
| IPO Size | Rs.379 Cr. |
| Tick Size | 1 |
PKH Ventures IPO Overview
PKH Ventures IPO will be a combination of a fresh issue and an offer for sale. The promoter of the company will be offloading the shares of the company.
The Initial Public Offering of up to 25,632,000 equity shares will be floored in the market after the approval of capital market regulator SEBI.
PKH Ventures IPO Important Dates
| Events | Date |
| IPO Opening Date | 30 June 2023 |
| IPO Closing Date | 4 July 2023 |
| Basis of Allotment Finalization | 7 July 2023 |
| Refunds Initiation | 10 July 2023 |
| Credit of Shares to Demat Account | 11 July 2023 |
| Share Listing Date | 12 July 2023 |
PKH Ventures Limited has filed the DRHP with SEBI in order to seek its approval. The DRHP was filed in March 2022. The PKH Ventures IPO Dates are 30 June 2023 and 4 July 2023.
The company is waiting for SEBI’s approval to make further preparations to open its IPO and list the shares on the stock exchanges. The proposed shares will be listed on BSE and NSE.
PKH Ventures IPO Price, Size, Share Offerings
| Face Value | Rs.5 |
| Price Band | Rs 140 to Rs 148 |
| Offer for Sale | 109.13 Cr. |
| Fresh Issue | 270.22 Cr. |
| IPO Size | Rs.379 Cr. |
PKH Ventures IPO Size is 25,632,000 equity shares, and the face value of these shares is Rs. 5 each. PKH Ventures IPO Price will be determined by the company and the promoter selling shareholder.
The PKH Ventures is a Mumbai-based company and operates in three business verticals – construction and management, hospitality, and management services.
PKH Ventures IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
Grey Market Premium or GMP is the price at which the shares of the issuer company are traded in the Grey Market.
Grey Market is an unregulated market where investors bid and offer shares of the company before its listing on the stock exchange.
PKH Ventures IPO GMP will hold high value in evaluating and predicting the listing price of the shares.
PKH Ventures IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 0.00x | 0.10x | 0.14x | 0.06x |
| 2nd Day – 3rd Jul | 0.11x | 0.63x | 0.45x | 0.31x |
| 3rd Day – 4th Jul | 0.11x | 1.67x | 0.99x | 0.65x |
| Shares Offered or Net Issue | 12,816,000 | 3,844,800 | 8,971,200 | 25,632,000 |
A subscription is an arrangement where the investors place their bids to receive an allotment of shares. The investors apply in the lots and within the price band. It is provided in the Red Herring Prospectus (RHP).
The company has not declared the PKH Ventures IPO Subscription period.
PKH Ventures IPO Allotment Status
A subscription is an arrangement where the investors place their bids to receive an allotment of shares. The investors apply in the lots and within the price band. It is provided in the Red Herring Prospectus (RHP).
The company has not declared the PKH Ventures IPO Allotment period.
PKH Ventures IPO Live Performance
PKH Ventures IPO PKH Ventures can be checked from here. The updated PKH Ventures IPO Price will be reflected here so you can make the investment decision at the right time.
Subscribe to PKH Ventures IPO – Open Free Demat Account Now!
PKH Ventures – Company Review
The cornerstone of PKH Ventures Limited was set in 2000 in the form of a private limited company, P. K. Hospitality Services Private Limited.
Later year, the company changed its name to PKH Ventures Private Limited. Also, it was converted to a public limited company in the same year leading to a subsequent name change to PKH Ventures Limited.
Over time, PKH Ventures has widened its operation sphere and is engaged in a vast array of businesses, including hospitality, construction and management, and management services.
Products or Services
PKH Ventures Limited largely operates in three broad verticals: Construction & Management, Hospitality, and Management services.
It started by proffering management services at various airports, and as of now, it has managed over 15 airports.
With time, PKH Ventures augmented into other businesses like construction and other management services. The company presented its luxury hotel and boutique to the world and, ever since, has just made more and more progress.
Under its renowned brand, Golden Chariot, PKH Ventures owns and manages two hotels. And various other restaurants like Casablanca, Mumbai Salsa, Balaji, Hardy’s Burger, Golden Chariot, and Zebra Crossing.
Promoters and Holding
The Promoter of PKH Ventures Limited is Pravin Kumar Agarwal.
The management of the company comprises:
- Pravin Kumar Agarwal, in the position of Chairman and Managing Director
- Kingston Eric Mendes, in the position of Executive Director
- Ram Niranjan Bhutra, in the position of Non-Executive Director
- Anil Bhanwarlal Goyal, in the position of Independent Director
- Venkateshkumar K. Tirupatipanyam, in the position of Independent Director
- Priyanka Yadav, in the position of Independent Director
- Clifford D’Souza, in the position of Chief Executive Officer
- Neelam Prakash Sharma, in the position of Chief Financial Officer
Vruti Choksi, in the position of Company Secretary and Compliance Officer
Is PKH Ventures good for Investment?
PKH Ventures Limited has more than 15 years of experience in management services. It has served various airports over the year.
And later entered the hospitality industry and developed two hotels, one of which is a luxury hotel located in Vasai. The other one is a boutique nearby Mumbai International Airport, Andheri.
PKH Ventures also has a subsidiary named Garuda Construction which undertakes civil & engineering operations of the group. And their development projects are structured by the Subsidiaries/SPVs formed.
PKH Ventures IPO will strengthen the base structure and foundation of the company and its respective subsidiaries. It will widen the company’s operations and will be a profitable step.
PKH Ventures Financial Statements
| Amount (in INR & Lakhs) | ||||
| 31-Dec-22 | 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Assets | 1,24,803.28 | 1,10,244.91 | 1,07,704.07 | 24,481.49 |
| Revenue | 15,503.47 | 24,540.57 | 26,465.96 | 16,900.34 |
| Expense | 9,925.38 | 15,984.10 | 20,111.03 | 16,145.48 |
| Profit After Tax | 3,899.57 | 6,641.60 | 5,163.11 | 1,410.22 |
The diversification of PKH Ventures Limited has helped it flourish its presence and outshine as a unique entity. DRHP of the IPO, including its financial statement and reflect the company’s financial position over the years.
The company clocked a total income of Rs. 26,465.96 lakhs in 2021, and its profits stood at Rs. 6,849.62 lakhs for the same period.
PKH Ventures is a profit-making company and has evidenced expanding income over the years, though the company was also flipped due to the impacts of COVID-19, and some of its outlets are still closed.
The EPS of the company for the six months of the financial year 2021-22, ended September 30th, 2021 was Rs. 4.11, and previously as of March 31st, 2021, the EPS was Rs. 5.06.
| Earnings per Equity Share (in Lakhs) | ||||
| 31-Dec-22 | 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 4.47 | 6.33 | 5.06 | 2.35 |
PKH Ventures IPO Review
PKH Ventures IPO consists of a Fresh Issue of 18,258,400 Equity Shares and an Offer for Sale for 7,373,600 equity shares by the company’s promoter, Pravin Kumar Agarwal.
The IPO objectives include investment in the subsidiary Halaipani Hydro Project Private Limited for executing Hydro Power Project development plans, funding the capital expenditure of Garuda Construction, and further initiating certain inorganic growth strategies through acquisition and investments.
The company might consider a pre-IPO placement of up to 15,00,000 equity shares, and if such placement is successful, the IPO size will come down to such an amount.
PKH Ventures IPO Details
Here are a few more details you need to know before investing in PKH Ventures IPO –
PKH Ventures IPO Issue Object
Thus, PKH Ventures has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Investment by way of equity in our subsidiary, Halaipani Hydro Project Private Limited for the development of Hydro Power Project
- Investment in our, Garuda Construction, for funding long-term working capital requirements;
- Pursuing inorganic growth through acquisitions and other strategic initiatives; and
- To fund expenditures towards general corporate purposes
PKH Ventures IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established Track Record;
- Visible growth through increasing Third Party Developer Order Book, Development Projects and Government Projects;
- Diverse Business Model;
- Asset light model of our Civil Construction business;
- Strong financial performance and robust balance sheet; and
- Experienced Promoter, Directors & Management Team.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 6.33 | 12.38 | 51.16 |
| 31-Mar-21 | 5.06 | 16.55 | – |
| Mar-20 | 2.35 | 9.43 | – |
PKH Ventures IPO Lead Managers
Here is the list of Lead managers –
- IDBI Capital Markets & Securities Limited
- BOB Capital Markets Limited
PKH Ventures IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B. S. Marg, Vikhroli (West) Mumbai 400 083
Maharashtra, India
Tel: + 91 22 4918 6200
Email: pkh.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: pkh.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
PKH Ventures IPO – Other Details
- Statutory Auditor – Mittal Agarwal and Company, Chartered Accountants
- Legal Counsel to the Company – Desai & Diwanji
- Bankers to the Company – Saraswat Co-operative Bank Limited and Punjab National Bank
PKH Ventures IPO – Conclusion
The PKH Ventures IPO is an enormous opportunity to plan its expansion and cope with all the setbacks that affected the circumstances in the past years.
The company will be investing in its subsidiary and funding its capital requirements through the IPO. Also, it has a plan to promote inorganic growth through acquisition and various strategies.
The operations of the company are wide and diverse. It has ample opportunities, including some construction projects for Government. It has a growing income, and the EPS will also improve with time.
Therefore, investors can consider investing in the IPO after considering all the upcoming plans and risk factors associated with the company.
To Subscribe to PKH Ventures IPO – Open Demat Account Now!
PKH Ventures IPO Review FAQs
Check out the FAQs on PKH Ventures IPO –
What is the Issue Size of PKH Ventures IPO?
The Company is making an initial public offer of 25,632,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of PKH Ventures IPO?
The price band for this particular IPO, i.e. PKH Ventures IPO ranges between Rs 140 to Rs 148. As far as the face value of the share is of concern, it is Rs.5 per share.
What is the PKH Ventures IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 30 June 2023, while the closing date is set for 4 July 2023.
What is the PKH Ventures IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on 7 July 2023, refund initiation is on 10 July 2023, credit of shares is on 11 July 2023, and share listing date is on 12 July 2023.
What is the PKH Ventures IPO Listing Date?
Shares of this company shall be listed in the exchanges on 12 July 2023. The date, when the listing would be done, is stagnant on 12 July 2023.
Who is the Registrar of PKH Ventures IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of PKH IPO?
Here are the promoters of this IPO – PRAVIN KUMAR AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of PKH Ventures IPO?
They have obtained the GMP of this IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is PKH IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of PKH Ventures Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakhs is 6,641.60, 2021 is 5,163.11, 2020 is 1,410.22. PAT from Dec 2022 is 3,899.57.
Featured Topics