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.
The issue will open for subscription on June 30 and close on July 4. The allotment will be on July 7, initiation of refunds will be on July 10 and listing on exchanges will be on July 12.
PKH Ventures Ltd launches Public Issue of up to Rs 379 35 crore to fund its expansion plans bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
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.