PKH Ventures IPO to open on June 30; price band to be announced soon

PKH Ventures has launched its IPO, consisting of a fresh issue of up to 1.82 crore shares and an offer for sale of up to 73.7 lakh equity shares by selling shareholders. Its civil construction business, executed by Garuda Construction, does third-party developer projects, two government projects and three government hotel development projects, while its hospitality interests include owning hotels, spas and restaurants. The proceeds of the IPO will be used for investment in construction subsidiaries and general corporate purposes. The company had revenue of INR125 crore and a profit after tax of INR28.6 crore for the period ending December 2022.