PKH Ventures' initial public offering (IPO) has received a lukewarm response on its first day, with only 3% of the total shares subscribed. The retail category saw a 7% subscription, while the non-institutional portion had minimal bids at just 1%. Qualified institutional buyers showed no interest in the IPO. Market sources indicate the company's shares are trading at a marginal premium of Rs 10 in the unlisted market. Analysts have mixed views on the IPO due to high valuations, although some advise a medium to long-term perspective for investors. PKH Ventures is engaged in construction and development, hospitality, and management services.