KH Ventures IPO: A Comprehensive Guide to Dates, Price Band, and More
PKH Ventures Ltd, a leading company in the market, is all set to launch its initial public offering (IPO) to the public. This eagerly anticipated IPO will be available for subscription from Friday, June 30, until Tuesday, July 4. Investors have been given a price band of ₹140 to ₹148 per equity share for the proposed initial public offer.
The IPO comprises two components: a fresh offering of up to 18,258,400 shares and an offer for sale of up to 7,373,600 shares by the company’s promoter, Pravin Kumar Agarwal, who currently owns 63.69% of the firm.
The proceeds generated from this new issue will be strategically invested in the development of hydropower projects for PKH Ventures’ subsidiary, Halaipani Hydro Project. Additionally, the funds will be allocated to cover long-term working capital requirements at the firm’s subsidiary, Garuda Construction. PKH Ventures has also expressed its intention to utilize a portion of the proceeds from the IPO for inorganic growth through acquisitions and other strategic endeavors.
IDBI Capital has been entrusted as the sole book running manager for this IPO, ensuring efficient management and allocation of shares.
In terms of financial performance, PKH Ventures reported a revenue of ₹199.35 crore for the fiscal year 2022, compared to ₹241.51 crore in the previous year. The net profit for the same period stood at ₹40.52 crore, exhibiting growth from ₹30.57 crore in the preceding year. Moreover, the company generated a profit of ₹28.63 crore during the nine-month period ending in December 2022, with a revenue of ₹125.46 crore.
Moving forward, the allocation of shares will be determined on Friday, July 7, followed by the initiation of the refund process on Monday, July 10. Share credits to the allotted investors’ demat accounts are expected to take place on Tuesday, July 11.
Finally, it is anticipated that PKH Ventures shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Wednesday, July 12, presenting a new investment opportunity for market participants.
About PKH Ventures:
Founded in 2000, PKH Ventures Limited is a company engaged in diverse business sectors such as Construction & Development, Hospitality, and Management Services. Among its primary activities is the execution of Civil Construction projects on behalf of Third Party Developers. This specific segment of the company’s operations is conducted through its subsidiary and construction division, Garuda Construction.
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