PKH Ventures IPO: Check IPO Details, Date, Price | Espresso

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PKH Ventures Limited IPO opens on June 30. Check IPO Details Issue Date Price

June 30, 2023
PKH Ventures Limited IPO opens on June 30. Check IPO Details Issue Date Price

PKH Ventures Limited is coming out with a fresh public issue to raise Rs. 379.35 crores from the market.

Below are the details of the PKH Ventures Limited IPO:

  • Issue opens – June 30 (Friday)
  • Issue closes – July 04 (Tuesday)
  • Issue size – Rs. 379.35 crores
  • Price band – Rs. 140 to 148 per equity share
  • Bid lot – 100 shares and in multiples thereof.

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And here are some details of the company and further details on the PKH Ventures Limited IPO.

Company details:

  • PKH Ventures Limited are in the business of Construction & Development, Hospitality and Management Services. They execute Civil Construction works for Third Party Developer projects and have been awarded with two (2) Government Projects viz., Hydro Power Project, Nagpur Project and three (3) Government Hotel Development Projects viz., Rajnagar Garhi Project, Pahadikhurd Project and Tara Resort Project, being executed through their Subsidiaries/SPVs/ their Company.
  • Their Hospitality vertical is in the business of owning, managing and operating hotels, restaurants, QSRs, spas and sale of food products. They have concluded the development of the Delhi Police Headquarters in April 2021. They are proposing to develop Forthcoming Development Projects, which include real estate development at Amritsar, Punjab; real estate redevelopment project at Dadar-Matunga, Mumbai; agro processing cluster at Jalore, Rajasthan; cold storage park/facilities at Indore, Madhya Pradesh; and a wellness centre & resort at Chiplun, Maharashtra.
  • 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 their Hospitality vertical. They developed two (2) hotels in Mumbai viz., Golden Chariot Vasai Hotel & Spa and Golden Chariot, The Boutique Hotel near Mumbai International Airport (“Mumbai Hotels”) and has been owning, managing and operating the Mumbai Hotels since FY 2015.
  • They expanded their Hospitality operations into the restaurant space in Mumbai city by opening restaurants in the year 2013 under the brand name Golden Chariot and Balaji. Their 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, their Company extended its Hospitality offering by undertaking the management and operations of Juvana Resort and Spa, a luxury resort at Aamby Valley, Lonavala developed by Golden Chariot Retreats and Infra Private Limited, their Group Company. They are awarded with three (3) Government Hotel Development Projects namely, Rajnagar Garhi Project, Pahadikhurd Project and Tara Resort Project in the State of Madhya Pradesh on DBFOT basis by way of a letter of award each dated November 4, 2022 from the Madhya Pradesh Tourism Board.

Issue Size:

Rs. 379.35 crores

Issue break-up:

  • QIB – 50% of the offer – Rs. 189.68 crores
  • NIB – 15% of the offer – Rs. 56.90 crores
  • RET – 35% of the offer – Rs. 132.77 crores

Listing:

BSE and NSE

Registrar:

Link Intime India Private Limited

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Tuesday, July 04, 2023     

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