PKH Ventures, a construction and hospitality firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The public issue comprises fresh issuance of 1.826 crore equity shares and an Offer For Sale (OFS) of 0.983 crore shares by its promoter, according to the Draft Red Herring Prospectus (DRHP).
The company may also consider a pre-IPO placement of 15 lakh equity shares. Proceeds of the issue will be used to invest in subsidiaries, funding long-term working capital requirements.