Construction and hospitality firm PKH Ventures plans to raise up to INR379 crore ($50m) through an initial public offering, with 50% of the net offer reserved for the qualified institutional buyer portion. The company will use the proceeds for investment in its construction subsidiaries, inorganic growth through acquisitions, and other general corporate purposes. As of December 2022, PKH Ventures reported revenues of INR125 crore and a profit after tax of INR28.6 crore. Its management services wing involves work for the Delhi police headquarters. IDBI Capital Markets is the bookrunning lead manager while Link Intime India is the registrar.
