PKH Ventures has received the Securities and Exchange Board of India’s (SEBI) approval to float an initial public offering (IPO). IPO consists of fresh issuance of over 1.82 crore and an OFS of 98.31 lakh equity shares by its promoter. The equity shares are proposed to be listed on BSE and NSE.
Proceeds of the issue will be used to invest in subsidiaries -- Halaipani Hydro Project and Garuda Construction -- funding long-term working capital requirements, for funding strategic acquisitions and investments, among others. IDBI Capital and BoB Capital Markets are the lead managers to the issue.
PKH Ventures manages restaurants, bars, food stalls, lounges, parking spaces, ticket counters, etc, at airports.