PKH Ventures Limited’s IPO Offer to Open on 30 June, 2023 | Price Band set at ₹140 to ₹148 per Equity Share

• Price Band of  ₹ 140 – ₹ 148 per equity share bearing face value of  ₹ 5 each (“Equity Shares”)
• Bid/Offer Opening Date – Friday, 30 June, 2023 and Bid/Offer Closing Date – Tuesday, 4 July, 2023.
• Minimum Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter.
• The Floor Price is 28.00 times the face value of the Equity Share and the Cap Price is 29.60 times the face value of the Equity Share.

Incorporated in the year 2000 by Pravin Kumar Agarwal, PKH Ventures Limited (“Company”) along with its subsidiaries is in the business of Construction & Development, Hospitality and Management Services and has fixed the price band at ₹140 to ₹148 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Friday, 30 June, 2023, for subscription and closes on Tuesday, 4 July, 2023. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

The public issue of up to 2,56,32,000 Equity Shares of face value of ₹5 per Equity Share comprises of fresh issue of up to 1,82,58,400 Equity Shares and an Offer for Sale (OFS) up to 73,73,600 Equity Shares by its Promoter, Pravin Kumar Agarwal.

Under the Construction & Development vertical, the Civil Construction business is executed by its subsidiary Garuda Construction. Garuda Construction is currently executing Civil Construction of six (6) residential projects for Third Party Developers and Promoter Group in the MMR which representing order book of ₹46,827.59 Lakhs as on March 15, 2023. PKH through its subsidiaries has constructed and developed the Delhi Police Headquarters in April 2021 on HAM basis.

Under the Hospitality segment, it owns, manages and operates hotels, restaurants, QSRs, Spas and sale of food products. It owns two hotels in Andheri and Vasai at Mumbai and manage one resort & spa at Aamby Valley, Lonavala. Presently, the Company has total hotel keys of 116 and has potential to add 70 more keys.

The Company has been awarded with two (2) Government Projects (16 MW Hydro Power Project in Arunachal Pradesh and Nagpur Project) and three (3) Government Hotel Development Projects viz., Rajnagar Garhi Project, Pahadikhurd Project and Tara Resort Project in the state of Madhya Pradesh. Further, the Company is proposing to develop Forthcoming Development Projects, which include real estate development at Amritsar, Punjab; real estate redevelopment project at Dadar-Matunga, Mumbai; agro processing cluster at Jalore, Rajasthan; cold storage park/facilities at Indore, Madhya Pradesh; and a wellness centre & resort at Chiplun, Maharashtra.

Under Management Services vertical, the Company provides services for the annual maintenance of the Delhi Police Headquarters.

The Company clocked a profit after tax and non-controlling interest grew 32.55% to ₹4,051.55 lakhs in the financial year FY22 against ₹3,056.67 lakhs in FY21, whereas revenue from operations during the year FY22 stood at₹19,935.20 lakhs. Further, the Profit for the nine-months period ended December 2022 stood at ₹2,863.52 lakhs.

IDBI Capital Markets & Securities Limited is the sole book running lead manager and Link Intime India Private Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE.