PKH Ventures IPO grey market premium, details & review @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, we are the Only Investment Platform in India, which has successfully completed 22 Years.

PKH Ventures IPO Review:
The company is in the business of Construction & Development, Hospitality and Management Services. The Civil Construction business is executed by its Subsidiary and construction arm. The size of the IPO is also very small. The shares are offered at very reasonable valuation and there is enough scope listing gains. The grey market shows fancy for this IPO. May Apply for listing gains as well as with investment angle.

PKH Ventures IPO Grey Market Premium #
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PKH Ventures IPO Subscription Status
IPO Cancelled & money is being returned.
On 4 July 2023 @ 5.00 (Day 3) (Closed)
QIB:            12816000 Shares  00.11  T
NII(10L+):   2563200  Shares  02.01  T
NII (<10L)   1281600  Shares  00.98 T
NII (Total)   3844800  Shares  01.67 T
RII:              8971200  Shares  00.99 T
Total:          25632000 Shares 00.65 T

PKH Ventures IPO Company Details
PKH Ventures is in the business of Construction & Development, Hospitality and Management Services. It executes Civil Construction works for Third Party Developer projects and have been awarded with two Government Projects viz., the Hydro Power Project and the Nagpur Project, being executed through its Subsidiaries/SPVs. The Civil Construction business is executed by its Subsidiary and construction arm, Garuda Construction. Its Hospitality vertical is in the business of owning, managing and operating hotels, restaurants, QSRs, spas and sale of food products. Its Management Services currently provides miscellaneous mechanical, electrical and plumbing (“MEP”) works services such as annual maintenance of its projects and certain third-party O&M contracts. It has concluded the development of the Delhi Police Headquarters in April 2021, which involved the construction of twin towers of seventeen (17) storeys each, with a complete glass façade and steel bridge connecting the two towers. It is proposing to develop its own Forthcoming Development Projects, which include real estate development at Amritsar, Punjab; food park at Jalore, Rajasthan; cold storage park/facilities at Indore, Madhya Pradesh; and a wellness centre & resort at Chiplun, Maharashtra.
The Company, post incorporation in the year 2000, was managing and operating restaurants, lounges, retail outlets, food stalls, bars, staff canteens and food supply at various airports across the country. The knowledge and experience of providing these services laid the foundation of its Hospitality vertical. The Company developed two (2) hotels in Mumbai viz., Golden Chariot Hotel & Spa, Vasai and Golden Chariot, The Boutique Hotel near Mumbai International Airport and has been owning, managing and operating the Mumbai Hotels since FY 2015.

It expanded its Hospitality operations into the restaurant space in Mumbai city by opening restaurants in the year 2013 under the brand name Golden Chariot and Balaji. Its Restaurant Casablanca at Sahara Star, Mumbai commenced operations in the year 2017. The QSR business under the brand name Zebra Crossing, Hardy’s Burger and Mumbai Salsa were also launched in the year 2017. In November 2021, the Company extended its Hospitality offering by undertaking the management and operations of Juvana Resort and Spa, a luxury resort at Amby Valley, Lonavala developed by Golden Chariot Retreats and Infra Private Limited, its Group Company.
The knowledge and experience gained while developing its Mumbai Hotels led our Promoter to venture into the business of Civil Construction through, Garuda Construction, which is now its subsidiary since April 2, 2020. Garuda Construction provides end-to-end construction services for residential and commercial buildings.
Its capabilities include constructing concrete building structures as well as composite steel structures. It also provides MEP and finishing works as a part of its construction services. Incorporated in 2010, Garuda Construction constructed the Golden Chariot Hotel & Spa, Vasai in the year 2014 and refurbished Golden Chariot, The Boutique Hotel in the year 2015. In the year 2017, Garuda Construction started undertaking Civil Construction works contracts for Third Party Developers and Promoter Group for the development of residential buildings in the MMR. Garuda Construction is currently engaged in the Civil Construction of eight residential projects for Third Party Developers and Promoter Group in the MMR. As of March 10, 2022, the Garuda Construction’s Third-Party Developer Order Book was Rs 55,975.26 lakhs.
It has been awarded two (2) Government Projects i.e., development of a 16 MW hydropower plant at
Halaipani, Anjaw district in the State of Arunachal Pradesh and development of 42.42 acres entertainment centre at Ambazari, Nagpur. The aggregate cost for developing the Government Projects is estimated at Rs 21,387.90 lakhs.
For more information, click http://pkhventures.com

The Promoters
PRAVIN KUMAR AGARWAL

PKH Ventures IPO Main Objects
The Offer comprises of fresh Issue and offer for share.
The Net Proceeds are proposed to be utilized in the following manner:
1. Investment by way of equity in its subsidiary, Halaipani Hydro Project Private Limited for development of Hydro Power Project.
2. Investment in its, Garuda Construction, for funding long-term working capital requirements
3. Pursuing inorganic growth through acquisitions and other strategic initiatives.

PKH Ventures IPO Details
IPO opens on 30.06.2023
IPO closes on 4 July 2023
Issue Type: Book Built Issue IPO
Issue: up to 25632000 Shares /Rs 379.35 Cr
* Fresh Issue of 18258400 Shares/ Rs 270.22 Cr
* Offer for Sale Up to 7373600 Shares/ Rs. 109.13Cr

Face Value per share: Rs. 5
Price Band Per Equity Share: Rs.140-148
Retail Lot Size 100 Shares
Listing will at BSE, NSE

Shares offered to
QIB (50%) 12816000 Shares = Rs 189.68 Cr
NII (15%)  3844800    Shares = Rs 56.90 Cr
RII (35%)  8971200    Shares = Rs 132.77 Cr
Lot size: 100 Shares = 89712 Forms
Min Retail :        100   Shares, Rs. 14800
Max Retail :       1300 Shares, Rs 192400
Small HNI Min: 1400 Shares, Rs. 207200
Small HNI Max: 6700 Shares, Rs. 991600
Big HNI Min :    6800 Shares, Rs. 1006400

PKH Ventures IPO Tentative Timetable
IPO opens on 30 June 2023
IPO Closes on 4 July 2023
IPO Allotment on 7 July 2023
Unblocking of ASBA 10 July 2023
Credit of shares 11 July 2023
PKH Ventures Listing on  12 July 2023

PKH Ventures IPO Financial & Analytical Ratios
Total Income 2019-20             Rs 169.00 cr
Total Income 2020-21             Rs 264.66 cr
Total Income 2021-22             Rs 245.41 cr
Net Profit 2019-20                  Rs 14.09 cr
Net Profit 2020-21                  Rs 30.57 cr
Net Profit 2021-22                  Rs 40.52 cr
Earnings per Share 2019-20    Rs 2.35
Earnings per Share 2020-21    Rs 5.06
Earnings per Share 2021-22    Rs 6.33
Return on Net Worth: 19-20    9.43 %
Return on Net Worth: 20-21    16.55 %
Return on Net Worth: 20-21    12.38%
Equity Shares prior to & after the IPO: 69,145,806 Shares

Book Value of the Share as on 31.03.2022 Rs 51.16
NAV per Equity Share after the Offer

Ratio Analysis
Upper Price Band/last EPS: 15.80
Upper offer price/Book Value Ratio: 1.95
Upper offer price/BV after IPO Ratio:

PKH Ventures IPO grey market premium, details & review:
Peer Comparison
The Company is into diversified business activity, and it believes that there are no listed company in India that engage in such diversified business similar to that of the Company.

IPO Lead Managers
IDBI Capital Markets, BoB Capital Markets
Registrar to IPO
Link Intime India Pvt Ltd

Registered Office of PKH Ventures
201, A Wing, Fortune 2000, C-3, G Block Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Company Secretary & Compliance Officer: Vruti Choksi

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