PKH Ventures Limited is involved in Construction & Development, Hospitality, and Management Services. They execute civil construction works for third-party developer projects and have been awarded two government projects, namely the Hydro Power Project and the Nagpur Project, which are being executed through their subsidiaries/SPVs. The Civil Construction business is carried out by their subsidiary and construction arm, Garuda Construction. The Hospitality vertical focuses on owning, managing, and operating hotels, restaurants, QSRs, spas, and the sale of food products. Their Management Services division provides miscellaneous mechanical, electrical, and plumbing (MEP) works services, including annual maintenance of projects and certain third-party O&M contracts.
In April 2021, PKH Ventures Limited completed the development of the Delhi Police Headquarters, which involved constructing twin towers of seventeen storeys each with a glass façade and a steel bridge connecting the two towers. The company is also planning to undertake its own forthcoming development projects, including real estate development in Amritsar, Punjab; a food park in Jalore, Rajasthan; cold storage park/facilities in Indore, Madhya Pradesh; and a wellness center & resort in Chiplun, Maharashtra.
PKH Ventures Limited started its operations in the year 2000, initially managing and operating restaurants, lounges, retail outlets, food stalls, bars, staff canteens, and food supply at various airports across the country. This experience formed the foundation of their Hospitality vertical. They developed two hotels in Mumbai, namely Golden Chariot Hotel & Spa, Vasai and Golden Chariot, The Boutique Hotel near Mumbai International Airport, and have been owning, managing, and operating these hotels since FY 2015. They further expanded their Hospitality operations by opening restaurants in Mumbai under the brand names Golden Chariot and Balaji in 2013. In 2017, they launched the restaurant Casablanca at Sahara Star, Mumbai, and the QSR business under the brand names Zebra Crossing, Hardy’s Burger, and Mumbai Salsa. In November 2021, they took over the management and operations of Juvana Resort and Spa, a luxury resort at Aamby Valley, Lonavala, developed by Golden Chariot Retreats and Infra Private Limited, a group company.
PKH Ventures Limited has been awarded two government projects, namely the development of a 16 MW hydropower plant in Halaipani, Anjaw district, Arunachal Pradesh (Hydro Power Project), and the development of a 42.42-acre entertainment center in Ambazari, Nagpur (Nagpur Project). The estimated aggregate cost for developing these government projects is ₹21,387.90 lakhs. Additionally, the company and/or its subsidiaries/SPVs plan to develop forthcoming projects, including the Amritsar Project, Jalore Food Park in Rajasthan, Indore Cold Storage in Khargone, Madhya Pradesh, and the Wellness Centre & Resort in Chiplun, Maharashtra.
Under the Management Services vertical, PKH Ventures Limited previously managed airport entry ticket counters, airport retail outlets, and toll management services. Currently, there are no active contracts for these services. Presently, their Management Services division provides miscellaneous MEP works services such as annual maintenance of their projects and certain third-party O&M contracts.
PKH Ventures Limited has also invested in the ownership of a cricket team, “NaMo Bandra Blasters,” as a joint venture partner through their subsidiary, PK Sports. The team participates in the T20 Mumbai League of the Mumbai Cricket Association.
PKH Ventures Limited IPO Complete Details:
| IPO Date | 30 June 2023 to 04 July 2023 |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE BSE |
| Face Value | 05 Rs. Per Share |
| Price | |
| Lot Size | |
| Issue Size | 25,632,000 shares (Rs. Cr) |
| Fresh Issue | 18,258,400 shares (Rs. Cr) |
| Offer For Sale | 7,373,600 shares (Rs. Cr) |
| Listing Date | 12 July 2023 |
PKH Ventures Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 30 June 2023 |
| Closing Date | 04 July 2023 |
| Allotment | 07 July 2023 |
| Initiation of Refunds | 10 July 2023 |
| Credit of Shares to Demat Account | 11 July 2023 |
| Listing Date | 12 July 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 31 March 2020 | 244.81 | 169.00 | 14.09 | 149.40 | 25.91 |
| 31 March 2021 | 1,077.04 | 264.66 | 30.57 | 184.72 | 96.69 |
| 31 March 2022 | 1,102.45 | 245.41 | 40.52 | 327.38 | 98.24 |
| 31 December 2022 | 1,248.03 | 155.03 | 28.64 | 356.01 | 172.01 |
IPO WITHDRAWED