You will learn the important details of the canceled PKH Ventures IPO: refund status, refund process and link, and more from here. The disappointing news about the IPO has discouraged investors in PKH Ventures. The news about the cancellation of the PKH Ventures IPO is hampering the positive thought process among people who have recently invested in GMP IPOs.
PKH Ventures Initial Public Offering Canceled
News broke on Wednesday that PKH Ventures had withdrawn its initial public offering. This surprised many people who were willing to invest in the company. The IPO was started on June 30, 2023, in which many investors and financial experts participated. They are all looking for a refund as of now.
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The reason given is that the company has not received the required subscriptions from Qualified Institutional Buyers. It should be 50%, but PKH Ventures only received 11%, which was comparatively less than what was actually needed.
PKH Ventures IPO Redemption Status
NSE has provided data for 1,6725,800 shares, representing 65% of the total buy. Let us give you more details about it according to the BSE. Non-institutional investors have subscribed 1.67 times, 99% by Retail Private Investors, and Qualified Institutional Buyers have contributed 11%.
This latest figure has affected the entire BSE listing of PKH Ventures. The poor response from the QIBs has affected all the concepts of the GMP IPO. This has not only generated a loss for those who have invested lately but also for the company.
After the cancellation of the IPO, people are willing to receive a refund. Owned by Pravin Kumar Agarwal, 63.69% is the total share he had with him. The owners have already initiated a refund for the IPOs. If you do not receive a refund, you may contact the commercial bankers for a refund. They will connect with the respective banking authorities to process a refund.
PKH Ventures IPO Redemption Overview
| Company Name | PKH Ventures |
| Owner | Pravin Kumar Agarwal |
| GMP IPO | lot size 100 |
| Actual state | IPO canceled |
| BSE listing | No |
| Total Owner Shares | 63.69% |
| Refund Status | Initiated |
| official website | pkhventures.com |
PKH Ventures Initial Public Offering Redemption Date
According to recent data uploaded to the BSE website, the IPO is withdrawn for PKH Ventures due to lower QIB participation. The news was confirmed by Book Running Lead Manager the other day. This is a loss for many people at once.
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Everyone starts paying more attention when it comes to money. The issuer has recovered the GMP IPO credits. The par value was Rs 5 per share, so it was important to investors.
PKH Ventures Initial Public Offering Redemption Process
First, investors should once again check the company’s redemption policy. This can be done to ensure that they will receive a refund according to the rules. The PKH Ventures IPO redemption process may take some time; therefore, you will need to be patient at that time.
Blocked financial assets will require a few more procedures to be released. July 10 is the date the refund will start. There are still doubts among investors about the redemption processed. Business owners will activate the refund link once all avenues have been cleared.
Investing is a win-loss game. You should consider all aspects before investing your money in an initial public offering. You should check the financial details beforehand, considering an investment in an IPO. This is because you never know when the market will go up or down.
We have shared the relevant details about the cancellation of the PKH Ventures IPO in this article, believing that you may have received the crucial information for it. If you have any specific questions, you can navigate to the official website of PKH Ventures or BSE. You will get the data from both websites quickly.
Categories: Finance
Source: vtt.edu.vn