The Offer is being made through the Book Building Process, wherein not more than 50 per cent portion of the net issue is reserved for qualified institutional buyers (QIBs), not less than 15 per cent of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35 per cent of the Offer shall be available for allocation to Retail Individual Bidders.

The IPO comprises equity shares of face value of Rs 5 each, with a fresh issue up to 1,82,58,427 equity shares and an offer for sale of up to 98,31,461 equity shares by Promoter Pravin Kumar Agarwal , according to DRHP. 

Mumbai-based PKH Ventures Ltd, a diversified company undertaking business in three verticals, namely, Construction & Development, Hospitality and Management Services has received Sebi nod for its initial public offering (IPO).

The IPO comprises equity shares of face value of Rs 5 each, with a fresh issue up to 1,82,58,427 equity shares and an offer for sale of up to 98,31,461 equity shares by Promoter Pravin Kumar Agarwal , according to the draft red herring prospectus (DRHP).

Additionally, the company, in consultation with the lead bankers to the issue may consider a pre-ipo placement of up to 15,00,000 equity shares. If such placement is completed, the fresh issue size will be reduced.

The proceeds from the fresh issue will be utilised to the tune of up to Rs 124.12 crore for investment in its subsidiary, Halaipani Hydro Project for development of Hydro Power Project, Rs 80 crore for investment in subsidiary, Garuda Construction for funding long-term working capital requirements, Rs 40 crore for pursuing inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.

The Offer is being made through the Book Building Process, wherein not more than 50 per cent portion of the net issue is reserved for qualified institutional buyers (QIBs), not less than 15 per cent of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35 per cent of the Offer shall be available for allocation to Retail Individual Bidders.

Incorporated in the year, 2000 by Pravin Kumar Agarwal. It conducts business under three broad verticals, namely, Construction & Development, Hospitality and Management Services.

IDBI Capital Markets & Securities Limited and BOB Capital Markets Limited are the book running lead manager to the issue. Link Intime India Private Limited is the registrar to issue. The equity shares of the company would be listed on BSE and NSE.