Subscription Status for PKH Ventures IPO: The initial public offering (IPO) of PKH Ventures Ltd was 41% subscribed on the third day. The public offering, which opened for subscription on Friday June 30th, will close on Tuesday July 4th.
Subscription Status for PKH Ventures IPO: The initial public offering (IPO) of PKH Ventures Ltd was 41% subscribed on the third day. The public offering, which opened for subscription on Friday June 30th, will close on Tuesday July 4th.
On the third day of subscription, the issue received an overall good response from retail investors, non-institutional investors (NIIS) and qualified institutional buyers (QIBs). Retail investors subscribed 62% and NIIS 89%. While the QIB portion was 11% subscribed, the employee portion received no subscription.
On the third day of subscription, the issue received an overall good response from retail investors, non-institutional investors (NIIS) and qualified institutional buyers (QIBs). Retail investors subscribed 62% and NIIS 89%. While the QIB portion was 11% subscribed, the employee portion received no subscription.
According to the BSE, as of 11:55 AM IST the company has received offers for 1.04.25.700 shares versus 2.56.32.000 shares offered.
According to the BSE, as of 11:55 AM IST the company has received offers for 1.04.25.700 shares versus 2.56.32.000 shares offered.
The retail portion received bids for 1/56/900 shares versus 89/71/200 shares offered for this segment.
The retail portion received bids for 1/56/900 shares versus 89/71/200 shares offered for this segment.
The non-institutional portion received bids for 34,35,000 shares versus 38,44,800 shares offered for this segment.
The non-institutional portion received bids for 34,35,000 shares versus 38,44,800 shares offered for this segment.
The QIBs’ portion received offers for 13,88,800 shares versus 1,28,16,000 shares offered for this segment.
The QIBs’ portion received offers for 13,88,800 shares versus 1,28,16,000 shares offered for this segment.
The company has set the price range ₹140 tons ₹148 per share for the proposed IPO. Investors can bid for a minimum of 100 shares and thereafter in multiples of 100 shares.
The company has set the price range ₹140 tons ₹148 per share for the proposed IPO. Investors can bid for a minimum of 100 shares and thereafter in multiples of 100 shares.
The IPO includes a new offering of up to 18,258,400 shares and an offering of up to 7,373,600 shares by the Company’s promoter, Pravin Kumar Agarwal. Pravin Kumar Agarwal currently owns 63.69% of the company.
The IPO includes a new offering of up to 18,258,400 shares and an offering of up to 7,373,600 shares by the Company’s promoter, Pravin Kumar Agarwal. Pravin Kumar Agarwal currently owns 63.69% of the company.
The proceeds of the new issue will be invested in the subsidiary Halaipani Hydro Project for the development of hydroelectric projects. The funds will also be used to support the long-term working capital needs of subsidiary Garuda Construction. The company also stated that it will use a portion of the proceeds from the new offering for inorganic growth through acquisitions and other strategic activities.
The proceeds of the new issue will be invested in the subsidiary Halaipani Hydro Project for the development of hydroelectric projects. The funds will also be used to support the long-term working capital needs of subsidiary Garuda Construction. The company also stated that it will use a portion of the proceeds from the new offering for inorganic growth through acquisitions and other strategic activities.
IDBI Capital is the sole book-running manager of the offering and Link Intime India Private Limited is the registrar of the offering.
IDBI Capital is the sole book-running manager of the offering and Link Intime India Private Limited is the registrar of the offering.
According to DRHP, the company achieved profit after tax and non-controlling interests increased by 32.55% ₹4,051.55 lakhs in FY22 vs ₹3,056.67 lakhs in FY21 while revenue from operations was at in FY22 ₹19,935.20 lakhs. Additionally, earnings for the nine-month period ended December 2022 were on ₹2,863.52 lakhs.
According to DRHP, the company achieved profit after tax and non-controlling interests increased by 32.55% ₹4,051.55 lakhs in FY22 vs ₹3,056.67 lakhs in FY21 while revenue from operations was at in FY22 ₹19,935.20 lakhs. Additionally, earnings for the nine-month period ended December 2022 were on ₹2,863.52 lakhs.
On Friday, July 7th, the company will determine the basis for the stock award and on Monday, July 10th, the refund process will begin. On Tuesday, July 11, the shares will be credited to the demat accounts of the beneficiaries.
On Friday, July 7th, the company will determine the basis for the stock award and on Monday, July 10th, the refund process will begin. On Tuesday, July 11, the shares will be credited to the demat accounts of the beneficiaries.
On Wednesday, July 12th, PKH Ventures shares will most likely be listed on the NSE and BSE.
On Wednesday, July 12th, PKH Ventures shares will most likely be listed on the NSE and BSE.
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