PKH Ventures (Withdrawn) IPO

PKH Ventures Limited

₹14,000 /100 sharesMinimum Investment

PKH Ventures (Withdrawn) IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jun ‘23 - 4 Jul ‘23₹14,000100₹140 - ₹148
Issue SizeIPO Doc
379.00Cr
RHP PDF

Subscription Status As on 04 Jul '23, 6:00 PM

  • Qualified Institutional Buyers
    0.11x
  • Non-Institutional Investor
    1.67x
  • Retail Individual Investor
    0.98x
  • Total
    0.65x

About PKH Ventures (Withdrawn)

PKH Ventures, incorporated in 2000, specialises in construction & development, hospitality, and management services. They undertake civil construction projects for third-party developers. The company has managed an array of establishments within airports, including restaurants, bars, food stalls, lounges, parking spaces, and ticket counters across more than 15 airports in India. Within the hospitality sector, the company is involved in the ownership, management, and operation of various establishments such as hotels, restaurants, quick-service restaurants (QSRs), spas, and the sale of food products. The company's management services division also offers various mechanical, electrical, and plumbing (MEP) works services. These services include annual maintenance for their projects and specific third-party operations and maintenance (O&M) contracts. ;
Parent Organisation
PKH Ventures Limited
Founded
2000
Managing Director
Mr. Pravin Kumar Agarwal

Strengths & Risks

  • PKH Ventures’s portfolio encompasses diverse sectors such as hospitality, resort management, food, etc. Its portfolio of restaurants include names like Balaji, Golden Chariot, Casablanca, Hardy's Burger, Mumbai Salsa, etc.
  • The company is involved in the civil construction of 8 residential projects on behalf of third-party developers and promoter groups.
  • The company has been honored with two significant government projects: the Hydro Power Project (16 MW hydropower plant) and the Nagpur Project (the development of a 42.42 acres entertainment centre at Ambazari). The combined estimated cost of these projects stands at Rs. 21,387.90 lakhs.
  • The company has seen a rise in profits over the last few years.
  • PKH Ventures is facing significant challenges due to the impact of the Covid-19 pandemic on the hospitality sector. The company experienced a substantial decline in revenue, with a decrease of 41.11% from Rs. 46,982.75 lakhs in the 2020 financial year to Rs. 27,668.23 lakhs in 2021.
  • The Construction & Development vertical is crucial in generating substantial revenues. The company's financial condition could be adversely affected if they cannot secure new contracts or terminate their existing ones.
  • The Hydro Power Project undertaken by the company faces various weather-related risks, such as floods, cloudbursts, landslides, and environmental hazards.
  • The company is vulnerable to the adverse impact of escalating prices of construction materials, as well as increased labor and work contact charges.
  • The acquisition of government projects is primarily achieved through a competitive bidding process. However, there is a risk that the company may not qualify for and secure future projects, which could impact their business and operational outcomes.
  • The company is exposed to risks associated with owning real estate assets, which can entail various uncertainties and challenges.
  • The company has taken unsecured loans totalling Rs 921.86 lakhs from certain related parties. The parties can recall these loans anytime, posing a potential financial risk for the company.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular140 - 148₹2 Lakh
High Networth Individual140 - 148₹2 - 5 Lakh
For PKH Ventures (IPO Withdrawn) IPO, eligible investors can apply as Regular.
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