PKHVentures’’ initial public offering will start for subscriptions on June 30 and close on July 4. The allotment date will be July 7, the refund initiative will be July 10, and listing on exchanges will be scheduled on July 12. The IPO includes a fresh issue of 18.26 million shares and an offer to sell about 7.73 million shares by promoter Pravin Kumar Agarwal, holding a 63.69% stake in the firm.

The revenue worth Rs 124.12 crore will be used to invest in its subsidiary Halaipani Hydro Project to grow hydropower projects. The firm will use Rs 80 crore for investment in its arm Garuda Construction for funding long-working capital wants. The firm uses Rs 40 crore over fresh issues to pursue inorganic growth via acquisition and planned initiatives.

The Mumbai-based firm operates in 3 business verticals: construction and expansion, hospitality, and management services. It specialises in implementing civil construction works for third-party developing projects.
Furthermore, the company’s subsidiaries are now undertaking 3 Government hotel development projects, viz., the Rajnagar Garhi Project, the Pahadikhurd Project, and the Tara Resort Project.

For FY2022, the company stated revenue of Rs 199.35 crore compared to Rs 241.51 crore. Net profit for the period mounted at Rs 40.52 crore versus Rs 30.57 crore last year. For the nine months that ended December 2022, the firm made a profit of Rs 28.63 crore; revenue stood at Rs 125.46 crore.