PKH Ventures announces IPO opening on June 30, closing on July 4

24 Jun 2023 , 11:49 AM

The initial public offer (IPO) of PKH Ventures Limited, a construction and development, hospitality, and management services is opening for subscription on June 30 and will conclude on July 4. 

The allotment for the PKH Ventures IPO is scheduled for July 7, while the initiation of refunds will take place on July 10. The listing of the company’s shares on exchanges is set for July 12. The IPO comprises a fresh issue of up to 18.26 million shares and an offer for sale of up to 7.73 million shares by its promoter, Pravin Kumar Agarwal. At present, Pravin Kumar Agarwal holds a 63.69% stake in the firm.

The company will use proceeds from the fresh issue of equity shares towards investing in subsidiary, Halaipani Hydro Project Private Limited for the development of Hydro Power Project (Civil Construction and Electromechanical Works), investing in Garuda Construction project, for funding long-term working capital, acquisitions and other strategic initiatives and to fund expenditures towards general corporate purposes.

Headquartered in Mumbai, the company operates across three distinct business verticals: construction and development, hospitality, and management services. Its expertise lies in carrying out civil construction works specifically for third-party developer projects.

IDBI Capital is the sole book running manager to the issue.