PKH Ventures Limited

About PKH Ventures IPO Incorporated in 2000, PKH Ventures Limited is involved in the business of construction & development, hospitality and management services. Its civil construction business is executed by its subsidiary - Garuda Construction. Under its hospitality business, the company owns, manages and operates hotels, restaurants, QSRs, spas and sale of food products. PKH Ventures has also been awarded two government projects, namely 16 MW hydropower project in Arunachal Pradesh and the development of an entertainment center in Nagpur. Along with this, it also has three hotel development projects in Madhya Pradesh. The company’s civil construction order book stands at ₹ 468 crore as on 15 March 2023. Other businesses operated by the company include restaurants under the brand name Golden Chariot and Balaji, Zebra Crossing, Hardy’s Burger, Mumbai Salsa and Juvana Resort and Spa. And now, PKH Ventures Limited is coming out with its initial public offer (IPO). The IPO will include an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised for the development of hydropower project, investment in its civil construction subsidiary, acquisitions and other strategic initiatives. Here are the key details about the PKH Ventures IPO: Company Name PKH Ventures Limited Company Type Private Company Established On 2000 PKH Ventures IPO Opening Date 30th June 2023 PKH Ventures IPO Closing Date 4th July 2023 PKH Ventures IPO Allotment Status 7th July 2023 Credit of Shares to the Demat Account 11th July 2023 PKH Ventures IPO Listing Date 12th July 2023 PKH Ventures IPO Face Value ₹5 per share PKH Ventures IPO Lot Size 100 shares PKH Ventures IPO Issue Size Approx. ₹379 crore PKH Ventures IPO to be Listed on BSE, NSE PKH Ventures IPO Price band ₹140 – ₹148 Financial snapshot Particulars FY 20 FY 21 FY 22 9MFY23 Revenue ₹ 165 crore ₹ 241 crore ₹ 199 crore ₹ 125 crore Net Profit ₹ 14.0 crore ₹ 30.5 crore ₹ 40.5 crore ₹ 28.6 crore Here’s a quick look at PKH Ventures IPO’s strengths, weakness, opportunities and risks (SWOT analysis) Strengths and opportunities Established track record of managing and operating restaurants, quick service restaurants, lounges, F&B counters and other catering services at various airports in the country for 15 years before venturing in expansion. Between FY20 to FY22, the company's net profit increased from ₹14 to ₹40.5 crore, a CAGR growth of over 42%. Currently owns and manages two hotels, one resort, four restaurants, four banquets and two spas. PKH Ventures diverse business model de-risks the company against any recessionary environment in a particular industry. Uses asset-light business model for its civil construction business. Company rely on third-party suppliers for equipment and labor, which allows it to reduce fixed costs, make construction projects cost efficient and increase margins. Risks and threats Some of the net proceeds from the fresh issue will be used for the development of the hydropower project in Arunachal Pradesh. However, the company lacks experience in developing and operating a hydropower plant. Has experienced negative cash flows of ₹426 crore in FY21 and ₹5.1 crore in 9MFY23. Derives significant revenues from its construction vertical amassing to 47% and 46% of its total revenue from operations in FY21 and FY22, respectively. Company’s business operations require a significant amount of working capital. Failure to meet working capital requirements may lead to business losses. PKH Ventures IPO details | PKH Ventures IPO date The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the PKH Ventures IPO’s opening date – in other words, the PKH Ventures IPO launch date – will be 30th June 2023. The PKH Ventures IPO closing date is 4th July 2023. After this, investors will be updated about the allotment status on 7th July 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 11 July 2023. The PKH Ventures IPO listing date is 12 July 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | PKH Ventures IPO Price Band The IPO is a fresh issue as well as an offer for sale. The PKH Ventures IPO price band has been set between ₹140 and ₹148 per share. Interested investors can choose a price within this band to apply for the IPO. The PKH Ventures IPO listing price will be determined on 12th July 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. | PKH Ventures IPO Lot size The PKH Ventures IPO details have been declared. The PKH Ventures IPO lot size is set at 100 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the PKH Ventures IPO issue size is approx. ₹379 crore. How to pre-apply for the PKH Ventures IPO? You can pre-apply for the PKH Ventures IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover tab, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, look for the ‘PKH Ventures IPO’ tab and click on it Now fill in all the required information, like ‘bid price’ and ‘lot size’ Confirm and click on ‘Pre-Apply’ Accept the mandate on your UPI app How to apply for the PKH Ventures IPO? If you are interested in this investment opportunity but unsure how to apply for the PKH Ventures IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the PKH Ventures IPO on Upstox: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover tab, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, look for the ‘PKH Ventures IPO’ tab and click on it Now fill in all the required information, like ‘bid price’ and ‘lot size’ Confirm and click on ‘Apply’ Accept the mandate on your UPI app How to check the PKH Ventures IPO allotment status? When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the PKH Ventures IPO allotment status: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover page, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, you will find the ‘View all’ option Once you click on ‘View all’, you will be directed to the ‘IPO’ tab In the ‘IPO’ tab, click on ‘My applications’ In ‘My applications’, under the History section, your PKH Ventures IPO allotment status will be mentioned Open a demat account with Upstox to apply for the PKH Ventures IPO To apply for the PKH Ventures IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox: Click here to visit the demat account opening page on the Upstox website. Enter your phone number and other essential details to begin opening a demat account. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. Complete the e-verification using the OTP sent to your registered mobile number. This is all it takes to open a demat account with Upstox. Easy and quick, right? Upstox – trading app to apply for the PKH Ventures IPO Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the PKH Ventures IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.