PKH Ventures IPO subscribed 62% so far on day 3; issue closing today

4 Jul 2023 , 03:33 PM

The initial public offer of PKH Ventures Limited is set to close today, and as of 3:30 PM, the issue has been subscribed to 62%. The response from retail investors, non-institutional investors (NIIs), and qualified institutional buyers (QIBs) has been decent overall. The retail investors’ portion has been subscribed 0.94 times, while the NIIs’ portion has been subscribed 1.31 times. However, the QIB portion has been subscribed only 0.11 times.

PKH Ventures operates in the construction, development, hospitality, and management services sectors. It carries out civil construction works for third-party developer projects and has been awarded two government projects and three government hotel development projects.

The company aims to raise Rs 379.4 crore through the initial public offering, with Rs 270.2 crore to be raised through a fresh issue and the remainder through an offer for sale.