• Price Band of  ₹ 140 – ₹ 148 per equity share bearing face value of  ₹ 5 each (“Equity Shares”)
• Bid/Offer Opening Date – Friday, 30 June, 2023 and Bid/Offer Closing Date – Tuesday, 4 July, 2023.
• Minimum Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter.
• The Floor Price is 28.00 times the face value of the Equity Share and the Cap Price is 29.60 times the face value of the Equity Share.
• The segmental revenue as % of total revenue for the nine months ended December 31, 2022 and in Fiscal 2022, Fiscal 2021 and Fiscal 2020 as per the Restated Consolidated Financial Information is as under:

Business Segments	Dec 31, 2022	FY 2022	FY 2021	FY 2020
Construction and Development	61.24%	46.68%	47.26%	NIL
Hospitality and Sale of Food Products	30.66%	38.50%	15.84%	33.31%
Management Services	7.29%	14.79%	36.25%	62.70%
Other Operating Revenue	0.81%	0.03%	0.65%	3.99%

MUMBAI, 26^th JUNE, 2023 (GPN): The Initial Public Offering (IPO) of Hydropower project developer PKH Ventures will Open on June 30. The firm has set a price band of ₹140 to ₹148 per share.The lot size would be 100 shares. The three-day stake sale will conclude on Tuesday, July 4. PKH Ventures is eyeing to raise Rs 379.35 crore by selling up to 2,56,32,000 equity shares, which include up to a fresh issue of 1,82,58,400 shares and an offer for sale (OFS) of 7,373,600 equity shares by its promoter Pravin Kumar Agarwal, who is the sole selling shareholder.

PKH Ventures is engaged in the business of construction and development, hospitality, and management services. The company, which was incorporated in 2000,  received approval to launch its IPO from Sebi in July 2022. PKH Ventures executes civil construction works for third party developer projects through its Subsidiary and construction arm, Garuda Construction.

The net proceeds from the fresh equity shares would be utilised towards investment by way of equity in its subsidiary, Halaipani Hydro Project; investment in Garuda Construction project; funding long-term working capital requirements; acquisitions and other strategic initiatives; and funding expenditures towards general corporate purposes. Its hospitality vertical is in the business of owning, managing, and operating hotels, restaurants, QSRs, spas, and the sale of food products.

The company is also proposing to develop several projects, which include real estate development, an agro-processing cluster, cold storage park/facilities, and a wellness center and resort.

Under the Construction & Development vertical, the Civil Construction business is executed by its subsidiary Garuda Construction. Garuda Construction is currently executing Civil Construction of six (6) residential projects for Third Party Developers and Promoter Group in the MMR which representing order book of ₹46,827.59 Lakhs as on March 15, 2023. PKH through its subsidiaries has constructed and developed the Delhi Police Headquarters in April 2021 on HAM basis.

Under the Hospitality segment, it owns, manages and operates hotels, restaurants, QSRs, Spas and sale of food products. It owns two hotels in Andheri and Vasai at Mumbai and manage one resort & spa at Aamby Valley, Lonavala. Presently, the Company has total hotel keys of 116 and has potential to add 70 more keys.

The Company has been awarded with two (2) Government Projects (16 MW Hydro Power Project in Arunachal Pradesh and Nagpur Project) and three (3) Government Hotel Development Projects viz., Rajnagar Garhi Project, Pahadikhurd Project and Tara Resort Project in the state of Madhya Pradesh. Further, the Company is 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.

Under Management Services vertical, the Company provides services for the annual maintenance of the Delhi Police Headquarters.

The Company clocked a profit after tax and non-controlling interest grew 32.55% to ₹4,051.55 lakhs in the financial year FY22 against ₹3,056.67 lakhs in FY21, whereas revenue from operations during the year FY22 stood at₹19,935.20 lakhs. Further, the Profit for the nine-months period ended December 2022 stood at ₹2,863.52 lakhs.

For the nine-months ended on December 31, 2022, The company reported Rs 28.63 crore in profit while revenue was Rs 125.46 crore and the total income at Rs 155.03 crore. The company clocked a net profit at Rs 40.52 crore crore with a total revenue at Rs 245.41 crore for the financial year ended on March 31, 2022.

The company has reserved 50 per cent of the offer for qualified institutional buyers (QIBs), while non-institutional investors (NIIs) will get the remaining 15 per cent of the issue. Retail investors will get the remaining 35 per cent for the portion of the issue. IDBI Capital Markets and Securities Ltd is the Sole book-running lead manager to the issue, while Link Intime India has been appointed as the registrar for the issue.

On Friday, July 7, the company will set the basis for allocating shares, and on Monday, July 10, the refund process will begin. On Tuesday, July 11, shares will be credited to the allottees’ demat accounts.Shares of PKH Ventures will be listed on both BSE and NSE on Wednesday, July 12, 2023 as the most likely tentative date of listing.Ends

RHP Link: https://idbicapital.com/pdf/Red_Herring_Prospectus-PKH_Ventures_Limited.pdf