PKH Ventures, a construction and development company, will be launching its initial public offering (IPO) on June 30. The IPO will be open for subscription until July 4, with the company s shares currently trading at a slight premium of Rs 8-9 in the unlisted market. The IPO includes a fresh equity issue of up to 1.82 crore shares and an offer for sale (OFS) of up to 73.7 lakh units. The proceeds from the IPO will be used for investment in subsidiaries, acquisitions, and general corporate purposes. PKH Ventures has a diverse business model and an asset-light civil construction business.
Construction and hospitality firm PKH Ventures plans to raise up to INR379 crore ($50m) through an initial public offering, with 50% of the net offer reserved for the qualified institutional buyer portion. The company will use the proceeds for investment in its construction subsidiaries, inorganic growth through acquisitions, and other general corporate purposes. As of December 2022, PKH Ventures reported revenues of INR125 crore and a profit after tax of INR28.6 crore. Its management services wing involves work for the Delhi police headquarters. IDBI Capital Markets is the bookrunning lead manager while Link Intime India is the registrar.