PKH Ventures is eyeing Rs 379.35 crore from its IPO. PKH Ventures intends to sell 2,56,32,000 shares, which includes a fresh issue of up to 1,82,58,400 shares and an offer for sale of 7,373,600 shares.
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.