Technocraft Ventures IPO was a Mainboard book-built public issue of Technocraft Ventures Limited. The company raised approximately ₹251.88 crore through a combination of a fresh issue of up to 95.05 lakh equity shares and an Offer for Sale of up to 23.76 lakh equity shares. The equity shares had a face value of ₹10 each and were offered in the price band of ₹200 to ₹212 per share.
The IPO opened on August 7, 2026, and closed on August 11, 2026. The basis of allotment was finalised on August 12, refunds were initiated on August 13, and shares were credited to eligible demat accounts on the same day. The shares were listed on BSE and NSE on August 14, 2026.
Technocraft Ventures Limited is an engineering, procurement and construction company focused on public infrastructure projects. Its activities cover water and wastewater infrastructure, roads and highways, power transmission and distribution, urban infrastructure, and operation and maintenance services.
The company’s business is concentrated primarily in northern India and includes projects for government departments and government-linked agencies. Its water and wastewater business forms the largest part of its operations, covering water supply schemes, sewage treatment plants, wastewater treatment facilities, transmission pipelines and reservoirs.
As of July 15, 2026, the company had an unexecuted EPC order book of approximately ₹1,305.45 crore, providing visibility for future project execution. The company has also executed projects under various public infrastructure programmes.
The IPO should be assessed on the basis of its order book, execution capabilities, financial growth, working-capital requirements, government-contract exposure, debt position and dependence on public-sector projects.
IPO Details
| Information | Details |
|---|---|
| IPO Name | Technocraft Ventures IPO |
| Company Name | Technocraft Ventures Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹200 to ₹212 Per Share |
| Issue Size | ₹251.88 Crore |
| Fresh Issue | ₹201.51 Crore |
| Offer for Sale | ₹50.37 Crore |
| Fresh Issue Shares | 95,05,000 Shares |
| OFS Shares | 23,76,000 Shares |
| IPO Open Date | 7 August 2026 |
| IPO Close Date | 11 August 2026 |
| Anchor Investor Bidding | 6 August 2026 |
| Basis of Allotment | 12 August 2026 |
| Refund Initiation | 13 August 2026 |
| Shares Credited to Demat Account | 13 August 2026 |
| Listing Date | 14 August 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 70 Equity Shares |
| Registrar | Bigshare Services Private Limited |
| Book Running Lead Manager | Khambatta Securities Limited |
The total offer comprised up to 1,18,81,000 equity shares. The fresh issue accounted for 95,05,000 shares, while the Offer for Sale consisted of up to 23,76,000 shares offered by Kartikey Constructions, a promoter-group entity.
Technocraft Ventures IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 6 August 2026 |
| IPO Opening Date | 7 August 2026 |
| IPO Closing Date | 11 August 2026 |
| Basis of Allotment | 12 August 2026 |
| Refund Initiation | 13 August 2026 |
| Shares Credited to Demat Account | 13 August 2026 |
| Listing Date | 14 August 2026 |
Technocraft Ventures IPO Reservation
| Investor Category | Shares Offered | Approx. Allocation |
|---|---|---|
| Anchor Investors | 35,63,810 Shares | 30% |
| QIBs – Excluding Anchor | 23,76,690 Shares | 20% |
| Non-Institutional Investors | 17,82,150 Shares | 15% |
| Retail Individual Investors | 41,58,350 Shares | 35% |
The issue included separate allocations for qualified institutional buyers, non-institutional investors and retail investors. A portion of the institutional allocation was offered to anchor investors before the public issue opened.
Technocraft Ventures IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 70 Shares | ₹14,840 |
| Retail Maximum | 13 Lots | 910 Shares | ₹1,92,920 |
| S-HNI Minimum | 14 Lots | 980 Shares | ₹2,07,760 |
| S-HNI Maximum | 67 Lots | 4,690 Shares | ₹9,94,280 |
| B-HNI Minimum | 68 Lots | 4,760 Shares | ₹10,09,120 |
The minimum application size was 70 shares. At the upper price band of ₹212, one retail lot required ₹14,840.
Technocraft Ventures IPO Anchor Investors
Technocraft Ventures completed its anchor-investor allocation on August 6, 2026, one day before the public issue opened.
| Particular | Details |
|---|---|
| Anchor Bidding Date | 6 August 2026 |
| Anchor Shares | 35,63,810 Shares |
| Anchor Allocation | Approximately ₹75.55 Crore |
| Price Per Share | ₹212 |
| Number of Anchor Investors | 4 |
The anchor allocation was made at the upper end of the IPO price band.
About Technocraft Ventures Limited
Technocraft Ventures Limited was incorporated in 1998 and operates as an engineering, procurement and construction company focused on public infrastructure development.
The company initially worked in housing and road construction before expanding into a wider range of infrastructure activities. Over time, its operations developed across water and wastewater infrastructure, roads and highways, power transmission and distribution, urban infrastructure, and related project and maintenance services.
The company executes turnkey projects for government departments, state agencies and other public-sector customers. Its geographical focus is primarily in northern India, including Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Region.
Technocraft Ventures has executed projects associated with programmes such as AMRUT, JNNURM, UIDSST, Namami Gange, Jal Jeevan Mission and Pradhan Mantri Gram Sadak Yojana.
Business Operations
Technocraft Ventures operates across several public-infrastructure segments:
- Water Supply Infrastructure: Execution of water-supply schemes, pipelines, reservoirs and related facilities.
- Wastewater Infrastructure: Construction of sewage treatment plants, wastewater treatment plants and associated infrastructure.
- Transmission Pipelines: Installation and development of large-scale water and wastewater transmission networks.
- Roads and Highways: Construction and development of roads and related infrastructure.
- Power Transmission and Distribution: Execution of electrical infrastructure projects.
- Urban Infrastructure: Development of infrastructure facilities for urban areas and public agencies.
- Operation and Maintenance: Providing maintenance and operational services for completed infrastructure projects.
- Trenchless and Micro-Tunnelling: Undertaking specialised underground infrastructure work where conventional excavation may not be suitable.
Industry Overview
India’s infrastructure sector continues to require large investments in water supply, sanitation, roads, urban development and power distribution. Government spending on public infrastructure creates opportunities for EPC companies capable of executing large and technically demanding projects.
Water and wastewater infrastructure represents an important opportunity because municipalities and state governments continue to invest in drinking-water networks, sewage treatment, wastewater management and pipeline systems.
The expansion of urban areas also increases demand for roads, drainage, water distribution and other civic infrastructure. At the same time, government infrastructure programmes can create a steady pipeline of tenders for qualified contractors.
The EPC industry remains competitive, however. Project execution depends on timely approvals, availability of materials, labour, financing, customer payments and successful completion within contractual schedules.
Companies working substantially with government agencies may also experience longer working-capital cycles because payments can be linked to project milestones, certifications and administrative processes.
Business Strategy
Technocraft Ventures aims to strengthen its presence in public infrastructure through execution of EPC projects across water, wastewater, roads, power and urban infrastructure.
The company focuses on government and government-related projects, where its past execution experience can support participation in future tenders.
Its water and wastewater operations form the core of the business. This segment includes multiple types of projects, allowing the company to participate in different stages of public water-management infrastructure.
The company also seeks to expand its project pipeline while maintaining its presence in complementary infrastructure segments. Its order book provides an important source of future revenue visibility, although actual revenue recognition will depend on project execution and contractual milestones.
Technocraft Ventures IPO Financial Information
Technocraft Ventures reported consistent growth in revenue and profitability during the reported financial years.
Revenue increased from ₹227.30 crore in FY2024 to ₹281.00 crore in FY2025 and approximately ₹347.00 crore in FY2026. Profit after tax increased from ₹19.05 crore in FY2024 to ₹28.20 crore in FY2025 and ₹43.32 crore in FY2026.
The financial performance indicates growth in both operating scale and earnings over the three-year period.
Technocraft Ventures Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | ₹227.30 Crore | ₹281.00 Crore | ₹347.00 Crore |
| Total Expenses | ₹201.52 Crore | ₹242.96 Crore | ₹288.64 Crore |
| EBITDA | ₹34.74 Crore | ₹49.11 Crore | ₹71.86 Crore |
| Profit Before Tax | ₹25.78 Crore | ₹38.05 Crore | ₹58.36 Crore |
| Profit After Tax | ₹19.05 Crore | ₹28.20 Crore | ₹43.32 Crore |
| Total Assets | ₹258.05 Crore | ₹269.74 Crore | ₹354.38 Crore |
| Total Borrowings | ₹80.11 Crore | ₹87.43 Crore | ₹89.76 Crore |
The company recorded growth in revenue and PAT across the three reported years. EBITDA also increased, indicating an improvement in operating profit alongside the expansion in revenue.
Borrowings increased moderately during the period, while the overall business scale expanded.
Technocraft Ventures IPO Key Performance Indicators (KPIs)
| KPI | FY2026 |
|---|---|
| Return on Equity (ROE) | 26.51% |
| Return on Capital Employed (ROCE) | 27.72% |
| EBITDA Margin | 20.92% |
| PAT Margin | 12.56% |
| Debt-to-Equity Ratio | 0.55 |
| Earnings Per Share (EPS) | ₹14.39 |
| Return on Net Worth (RoNW) | 26.51% |
| Net Asset Value (NAV) | ₹54.28 |
The FY2026 figures indicate healthy reported profitability, with ROE and RoNW at 26.51% and ROCE at 27.72%. The debt-to-equity ratio stood at 0.55.
At the upper IPO price of ₹212, the valuation needs to be considered in relation to the company’s earnings, NAV, order book and future growth potential.
Technocraft Ventures IPO Valuation
| Particular | FY2026 |
|---|---|
| IPO Upper Price Band | ₹212 |
| EPS | ₹14.39 |
| NAV | ₹54.28 |
| P/E Based on EPS | Approximately 14.73x |
| Price-to-Book Based on NAV | Approximately 3.91x |
The valuation should be assessed alongside the company’s growth rate, order-book visibility, government-project exposure and the risks associated with EPC execution.
Objects of the Technocraft Ventures IPO
The fresh issue proceeds were primarily intended to strengthen the company’s working-capital position.
| Purpose | Amount |
|---|---|
| Funding Working Capital Requirements | ₹150.00 Crore |
| General Corporate Purposes | Balance Amount |
The company proposed to use ₹150 crore from the fresh issue to meet working-capital requirements. The remaining funds were intended for general corporate purposes, subject to the applicable limits.
The Offer for Sale component does not provide funds to the company. Proceeds from the OFS are received by the selling shareholder after applicable expenses and taxes.
Technocraft Ventures IPO Order Book
Technocraft Ventures had an unexecuted EPC order book of approximately ₹1,305.45 crore as of July 15, 2026.
| Particular | Details |
|---|---|
| Unexecuted Order Book | ₹1,305.45 Crore |
| Reference Date | 15 July 2026 |
| Major Segment | Water & Wastewater Infrastructure |
| Business Type | EPC Projects |
The order book was substantially concentrated in water and wastewater infrastructure, making project execution in this segment an important factor for future revenue generation.
Technocraft Ventures IPO GMP
Grey Market Premium is an unofficial indicator of market sentiment before listing. It is not an exchange-published price and does not guarantee the actual listing price.
| Date | GMP |
|---|---|
| 31 July 2026 | ₹0 |
| 1 August 2026 | ₹0 |
| 2 August 2026 | ₹0 |
| 3 August 2026 | ₹10 |
| 4 August 2026 | ₹10 |
| 5 August 2026 | ₹13 |
| 6 August 2026 | ₹16 |
| 7 August 2026 | ₹15 |
| 8 August 2026 | ₹20.50 |
| 9 August 2026 | ₹22 |
| 10 August 2026 | ₹29 |
| 11 August 2026 | ₹29 |
| 12 August 2026 | ₹37 |
| 13 August 2026 | ₹42 |
| 14 August 2026 | ₹42 |
The GMP increased substantially during the period leading to listing. However, grey-market quotations are unofficial and can change rapidly, so they should not be considered a guaranteed indication of listing performance.
Technocraft Ventures IPO Listing Performance
Technocraft Ventures shares were listed on August 14, 2026, on BSE and NSE.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 14 August 2026 |
| Issue Price | ₹212 Per Share |
| Listing Price – BSE | ₹285 Per Share |
| Listing Price – NSE | ₹284 Per Share |
| Listing Gain – BSE | ₹73 Per Share |
| Listing Gain – NSE | ₹72 Per Share |
| Listing Gain (%) – BSE | 34.43% |
| Listing Gain (%) – NSE | 33.96% |
The shares opened significantly above the issue price, producing a listing gain of approximately 34% on both exchanges.
Technocraft Ventures IPO Subscription Status
The IPO received strong demand across all investor categories.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 42.26x |
| Non-Institutional Investors (NII) | 65.06x |
| Retail Individual Investors (RII) | 25.35x |
| Total Subscription | 38.69x |
The NII category recorded the highest subscription among the three principal investor categories, followed by QIBs and retail investors.
Technocraft Ventures IPO Review
Technocraft Ventures operates in the public infrastructure EPC sector, with a strong focus on water and wastewater projects. Its business model benefits from ongoing demand for drinking-water networks, sewage treatment, wastewater management and related infrastructure.
One of the most important positives is the company’s sizeable order book. The unexecuted order book of approximately ₹1,305.45 crore as of July 15, 2026, was substantially higher than its FY2026 revenue, providing meaningful project visibility.
The company’s financial performance has also shown consistent improvement. Revenue increased from ₹227.30 crore in FY2024 to approximately ₹347 crore in FY2026, while PAT increased from ₹19.05 crore to ₹43.32 crore.
Operating profitability also improved, with EBITDA increasing from ₹34.74 crore to ₹71.86 crore during the same period. The FY2026 EBITDA margin stood at 20.92%.
The company’s exposure to government infrastructure programmes can provide opportunities for future projects. Its experience across water, wastewater, roads, power and urban infrastructure also gives it access to multiple tender categories.
However, the business remains exposed to the risks associated with government contracts and EPC execution. Delays in approvals, project execution, customer payments, material procurement or working-capital cycles can affect financial performance.
The company also operates in a competitive industry where project margins can depend on bidding discipline, cost control and timely completion.
Overall, Technocraft Ventures has a combination of improving financial performance, a sizeable order book and exposure to essential public infrastructure. Investors should nevertheless evaluate valuation, execution risks, working-capital requirements and government-contract dependence before making an investment decision.
Technocraft Ventures IPO Strengths
- Established EPC company with operations dating back to 1998.
- Strong presence in public infrastructure development.
- Core expertise in water and wastewater infrastructure.
- Additional exposure to roads, highways, power and urban infrastructure.
- Large unexecuted order book of approximately ₹1,305.45 crore as of July 15, 2026.
- Revenue increased consistently during FY2024 to FY2026.
- PAT increased from ₹19.05 crore in FY2024 to ₹43.32 crore in FY2026.
- FY2026 EBITDA margin stood at 20.92%.
- Experience executing projects under major public infrastructure programmes.
- Established relationships with government departments and public agencies.
- Working-capital funding through the IPO can support project execution and business growth.
Technocraft Ventures IPO Risk Factors
- A substantial portion of business is dependent on government and government-related contracts.
- Delays in project approvals can affect execution schedules.
- Government payment cycles may result in working-capital pressure.
- EPC projects are exposed to increases in material, labour and other input costs.
- Delays in project completion can affect profitability and cash flows.
- The company operates in a competitive infrastructure contracting industry.
- A significant portion of the order book is concentrated in water and wastewater projects.
- Future revenue depends on successful execution of the existing order book and securing new contracts.
- Working-capital requirements can increase as project activity expands.
- Changes in government infrastructure spending and tender policies can affect business opportunities.
Technocraft Ventures IPO Promoters
The promoters of Technocraft Ventures Limited are Sanjay Tyagi, Rekha Tyagi, Kartikey Tyagi, Kartikey Constructions and Sanjay Tyagi HUF.
Before the IPO, the promoter and promoter-group shareholders held the entire issued share capital. Following the issue, promoter and promoter-group ownership was reduced to approximately 70%.
Technocraft Ventures IPO Promoters Details
| Promoter | Status |
|---|---|
| Sanjay Tyagi | Promoter |
| Rekha Tyagi | Promoter |
| Kartikey Tyagi | Promoter |
| Kartikey Constructions | Promoter Group |
| Sanjay Tyagi HUF | Promoter Group |
Kartikey Constructions participated in the Offer for Sale by selling 23,76,000 equity shares.
Technocraft Ventures IPO Management Team
The company’s management and board include executive and independent directors responsible for project execution, finance, administration, compliance and corporate governance.
| Name | Designation |
|---|---|
| Sanjay Tyagi | Executive Director / Promoter |
| Rekha Tyagi | Executive Director |
| Kartikey Tyagi | Executive Director / CFO / Promoter |
| Saket Surolia | Company Secretary & Compliance Officer |
| Mukesh Kumar Garg | Independent Director |
| Bhawna Saunkhiya | Independent Director |
| Shruti Gupta | Independent Director |
Technocraft Ventures IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar Name | Bigshare Services Private Limited |
| Role | Registrar to the Issue |
| Office | S-62, 6th Floor, Pinnacle Business Park, Andheri East, Mumbai – 400093 |
| Contact Number | +91 22 6263 8200 |
| Email ID | [email protected] |
Bigshare Services Private Limited handled the application processing, allotment, refund and share-credit related activities for the issue.
Technocraft Ventures IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Manager | Khambatta Securities Limited |
| Role | Book Running Lead Manager |
| Issue | Technocraft Ventures IPO |
Khambatta Securities Limited acted as the Book Running Lead Manager for the public issue.
Technocraft Ventures Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Technocraft Ventures Limited |
| Registered Office | S 553/54, Ground Floor, School Block, Shakarpur, New Delhi – 110092 |
| Corporate Office | B-137, Sector-2, Noida, Gautam Buddha Nagar, Uttar Pradesh – 201301 |
| Website | www.technocraftventures.com |
| Email ID | [email protected] |
| Contact Number | +91 9211252228 |
| CIN | U70101DL1998PLC096763 |
How to Check Technocraft Ventures IPO Allotment Status
Investors can check the Technocraft Ventures IPO allotment status through the registrar’s online facility.
Through Bigshare Services
- Open the IPO allotment facility.
- Select Technocraft Ventures Limited.
- Choose the relevant search option.
- Enter the PAN, application number or DP/Client ID.
- Complete the required verification.
- Submit the details to view the allotment status.
Through Stock Exchange
Investors can also check the relevant BSE or NSE IPO facilities using their application details.
The basis of allotment was finalised on August 12, 2026, followed by refund and demat-credit activities on August 13. The shares were listed on August 14, 2026.
Technocraft Ventures IPO Conclusion
Technocraft Ventures IPO offered investors exposure to a North India-focused EPC company working across water and wastewater infrastructure, roads and highways, power infrastructure and urban development.
The company’s large unexecuted order book is one of its key strengths. With approximately ₹1,305.45 crore of projects pending execution as of July 15, 2026, the company entered the public market with significant project visibility.
Its financial performance has also improved steadily. Revenue increased from ₹227.30 crore in FY2024 to approximately ₹347 crore in FY2026, while PAT rose from ₹19.05 crore to ₹43.32 crore. EBITDA and operating margins also strengthened during the period.
The IPO proceeds are primarily intended to support working-capital requirements, which is relevant for an EPC business where project execution can require significant upfront funding.
At the same time, investors should carefully consider the company’s dependence on government contracts, project execution risks, payment cycles, competition, cost inflation and concentration in water and wastewater infrastructure.
The shares listed at ₹285 on BSE and ₹284 on NSE against the issue price of ₹212, resulting in listing gains of approximately 34%. However, long-term performance will depend on order execution, new order acquisition, margins, cash flows and efficient working-capital management.
Technocraft Ventures IPO FAQs
What is Technocraft Ventures IPO?
Technocraft Ventures IPO was a Mainboard public issue of Technocraft Ventures Limited consisting of a fresh issue of up to 95.05 lakh equity shares and an Offer for Sale of up to 23.76 lakh equity shares.
What was the price band of Technocraft Ventures IPO?
The price band was ₹200 to ₹212 per equity share.
What was the issue size of Technocraft Ventures IPO?
The total issue size was approximately ₹251.88 crore.
When did the Technocraft Ventures IPO open?
The IPO opened on August 7, 2026.
When did the Technocraft Ventures IPO close?
The IPO closed on August 11, 2026.
What was the lot size of Technocraft Ventures IPO?
The minimum lot size was 70 shares. At ₹212 per share, one lot required ₹14,840.
When was the Technocraft Ventures IPO allotment date?
The basis of allotment was finalised on August 12, 2026.
When were Technocraft Ventures shares listed?
Technocraft Ventures shares were listed on BSE and NSE on August 14, 2026.
What was the Technocraft Ventures IPO listing price?
The shares opened at ₹285 on BSE and ₹284 on NSE against the issue price of ₹212.
What was the Technocraft Ventures IPO listing gain?
The BSE listing gain was approximately 34.43%, while the NSE listing gain was approximately 33.96%.
