PKH Ventures Limited IPO is set to launch on 30 June, 2023. The company initiated its business operations in the year 2000. It is involved in the business of Hospitality, Construction and Management Services. It has a subsidiary firm named Garuda Construction that undertakes third party civil construction projects. Its upcoming projects are in various cities including Amritsar, Jalore, Indore, Chiplun etc. Under the hospitality business the company manages and operates hotels and restaurants, QSRs and Spas. It has developed two hotels in Mumbai: Golden Chariot and The Boutique Hotel. Since the last 8 years it has been operating more than 175 hotels in Mumbai.
PKH Ventures Limited IPO DETAILS
PKH Ventures Limited IPO is set to launch on 30 June, 2023. The subscription timeline extends till 4 July, 2023. The size for the IPO is 379 Crore Rs. Shares issued through fresh issue mode are worth 270.22 Crore Rs. Shares issued through offer for sale mode are worth Rs 109.13 Crore. The lot size is 100 shares and the price is 140 to 148 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.5 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of PKH Ventures Limited IPO
IPO OPENING DATE | 30 June, 2023 |
CLOSING DATE FOR IPO | 4 July, 2023 |
ISSUE TYPE | Book Built Issue |
Face Value per share | 5 Rs. per share |
IPO price band | 140 Rs to 148 per share |
LOT SIZE | 100 shares |
MINIMUM ORDER QUANTITY | 100 shares |
ISSUE SIZE | 379 Crore Rs. |
OFFER FOR SALE | 109.13 Crore Rs. |
FRESH ISSUE | 270.22 Crore Rs. |
LISTING AT | NSE, BSE |
LISTING DATE | 12 July, 2023 |
PKH Ventures Limited IPO : IMPORTANT DATES
IPO OPENING DATE | 30 June, 2023 |
CLOSING DATE FOR IPO | 4 July, 2023 |
IPO ALLOTMENT DATE | 7 July, 2023 |
REFUNDS | 10 July, 2023 |
DEMAT A/C CREDITED ON | 11 July, 2023 |
IPO LISTING DATE | 12 July, 2023 |
PKH Ventures Limited IPO begins for subscription from 30 June, 2023. The IPO subscription would continue till 4 July, 2023. The allotment status for the shareholders who applied would come on 7 July, 2023. The refunds for the ones who did not get allotment would be initiated on 10 July, 2023. The DEMAT accounts of shareholders would be credited on 11 July, 2023. The listing of the company would be completed on 12 July, 2023.
PKH Ventures Limited IPO : Lead Managers
The lead managers are :
- IDBI Capital Market Services Limited
The minimum lot size for the company is decided at 100 shares. This holding accounts to 14800 Rs.. The maximum lot size is decided at 1300 shares. This amounts to 192400 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 100 shares | 14800 Rs. |
Maximum | 1300 shares | 192400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The funds will be utilised for Investment into subsidiaries.
- The borrowings will also be paid off through the IPO Money.
COMPANY FINANCIALS
Particularly (in Crore Rs.) | 2019-20 | 2020-21 | 2021-22 |
ASSETS | 244 | 1078 | 1102 |
Revenue | 636 | 728 | 838 |
PAT | 11 | 39 | 31 |
PKH Ventures Limited had an asset base of 244 Crore Rs in 2020 which increased to 1078 Crore Rs in 2021 and 1102 Crore Rs in 2022. The company’s revenue has been increasing at a good pace with 636 Crore Rs in 2020, 728 Crore Rs in 2021 and 838 Crore Rs in 2022. The company’s profits have been 11 Crore Rs for 2020, 39 Crore Rs for the year 2021 and 31 Crore Rs for the year 2022.
PROS
- It has a subsidiary firm named Garuda Construction that undertakes third party civil construction projects. Its upcoming projects are in various cities including Amritsar, Jalore, Indore, Chiplun etc.
- Under the hospitality business the company manages and operates hotels and restaurants, QSRs and Spas.
- It has developed two hotels in Mumbai: Golden Chariot and The Boutique Hotel. Since the last 8 years it has been operating more than 175 hotels in Mumbai.
CONS
- The company works in a highly competitive segment.
PKH Ventures Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the PKH Ventures Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.