Ahmedabad: Incorporated in the year 2000 by Pravin Kumar Agarwal, PKH Ventures Limited (“Company”) along with its subsidiaries is in the business of Construction & Development, Hospitality and Management Services and has fixed the price band at Rs 140 to Rs 148 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Friday, 30 June, 2023, for subscription and closes on Tuesday, 4 July, 2023. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter, the company official said

“The public issue of up to 2,56,32,000 Equity Shares of face value of Rs 5 per Equity Share comprises of fresh issue of up to 1,82,58,400 Equity Shares and an Offer for Sale (OFS) up to 73,73,600 Equity Shares by its Promoter, Pravin Kumar Agarwal,” the official further said.

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

“IDBI Capital Markets & Securities Limited is the sole book running lead manager and Link Intime India Private Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE,” the company informed.

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