Technocraft Ventures IPO

About Technocraft Ventures IPO

The Technocraft Ventures Limited IPO, a mainboard IPO, opens on Friday, August 7, 2026 and closes on Tuesday, August 11, 2026. The allotment of shares will take place on Wednesday, August 12, 2026. The credit of shares to the demat account will take place on Thursday, August 13, 2026. The initiation of refunds will take place on Thursday, August 13, 2026. The listing of shares will take place on Friday, August 14, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 9,505,000 shares aggregating up to ₹202 crores. The offer for sale portion includes 2,376,000 shares of ₹10 aggregating up to ₹50 crores. The total number of shares and aggregate amount are 11,881,000 shares aggregating up to ₹252 crores.

Technocraft Ventures Limited IPO's price band is set at ₹200 to ₹212 per share. The lot size for an application is 70. The minimum amount of investment required by a retail investor is ₹14,840 (70 shares) based on upper price.

Technocraft Ventures Limited is a turnkey engineering, procurement, and construction contractor focused on water and wastewater infrastructure, electrical transmission, roads, and urban infrastructure. The Company delivers projects under flagship government schemes such as AMRUT, Jal Jeevan Mission, and Namami Gange for clients including the Delhi Jal Board and Uttar Pradesh Jal Nigam.

Objectives of Technocraft Ventures IPO

• Funding of working capital requirements of the company.
  
• General corporate purposes.
  

Industry Outlook

India's infrastructure build-out is accelerating. Total infrastructure investment is projected at ₹55–58 trillion over FY27–31P, up from ₹37–39 trillion during FY22–26. The construction industry is expected to grow at an annual rate of 5–7% over the coming fiscal years, with infrastructure holding a share of roughly 68–70%.

Urban infrastructure is the segment most relevant to the Company. Investment here grew at a compound annual rate of about 25% between fiscal 2022 and fiscal 2024, driven by water supply and sanitation projects under schemes such as the Swachh Bharat Mission, Jal Jeevan Mission, and AMRUT. Spending dipped in fiscals 2025 and 2026 as central allocations under the Jal Jeevan Mission were trimmed. Recovery is expected. The segment is projected to grow at a 10–11% CAGR over fiscals 2027 and 2028, supported by central and state government allocations.

Water supply and sanitation is expected to remain the dominant contributor, accounting for approximately 66% of total urban infrastructure investment. Under the Jal Jeevan Mission, the Government had committed ₹2.08 trillion, released ₹1.79 trillion, and spent ₹1.14 trillion as of June 2026. This funding backdrop positions a water focused EPC contractor to bid for a widening pipeline of centrally sponsored and multilateral funded projects.

About Technocraft Ventures

The Company executes turnkey EPC contracts across core infrastructure sectors. Its segments span water and wastewater infrastructure, sewerage networks, sewage treatment plants, electrical transmission and distribution, roads and highways, and urban residential infrastructure. It also undertakes long-term operation and maintenance of public utilities.

Its clientele includes the Delhi Jal Board, RUIDP, Uttar Pradesh Jal Nigam, PVVNL, and DVVNL. The Company holds 'Class A' electrical contractor licences from the governments of Rajasthan and Uttarakhand for high-tension and extra high-tension works. As on July 15, 2026, its unexecuted order book stood at ₹1,305.45 crores, alongside 5 O&M projects worth ₹15.29 crores. Its promoters, led by Managing Director Sanjay Tyagi, collectively held 100% of the pre-offer equity share capital.

Strengths of Technocraft Ventures

• Diversified EPC capabilities across core infrastructure sectors.
• Execution capabilities demonstrated through high-value government and multilateral projects, supported by strong financial growth.
• In-house engineering strength with technological adaptability.
• Consistent revenue growth and strengthening profitability.
• Regulatory-approved electrical work capabilities with statewide licenses.
• As of July 15, 2026, the company had an unexecuted order book of ₹1,305.45 crores across its EPC and O&M projects.

Risks of Technocraft Ventures

• The company's operations are concentrated in select states in northern India, exposing it to regional political, environmental, and administrative risks that could affect project execution.
• The company derives all of its revenue from government departments and public sector undertakings, making it vulnerable to delays in project awards, payment cycles, and changes in government policies.
• The execution of large-scale EPC projects requires significant working capital, and delays in project certifications or customer payments could adversely impact liquidity.
• Fluctuations in raw material prices and delays by subcontractors could increase project costs, reduce margins, and affect timely project execution.
• The company's limited brand recognition outside the government sector may restrict its ability to diversify its customer base and expand into the private sector.

Anchor Investor Bidding Date

Thursday, August 6, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
Bigshare Services Private Limited
E-mail: ipo@bigshareonline.com
Tel: +91 22 6263 8200

Book Running Lead Manager
Khambatta Securities Limited

Technocraft Ventures Contact Details
S 553/54, Ground Floor, School Block, Shakarpur, New Delhi-110092, India.
Tel: +91 9211252228
Email: www.technocraftventures.com

Technocraft Ventures Business Model

The company earns its revenue through turnkey EPC contracts awarded primarily by central and state government bodies and public sector undertakings, won through competitive bidding. Revenue is recognised against milestone-based billing across water and wastewater, electrical, roads, and urban infrastructure projects.

The Company supplements EPC work with long-term operation and maintenance contracts, typically spanning five to ten years, which provide a recurring income stream. Its differentiation rests on in-house engineering, micro-tunnelling and trenchless execution capability, and 'Class A' electrical licences that allow it to bid for high-tension works independently.

Technocraft Ventures Growth Trajectory

Technocraft Ventures Limited's Total Income for FY26 was ₹347.00 crores, whereas in FY25 and FY24 it was ₹281.00 crores and ₹227.30 crores, respectively.

The Profit After Tax for FY26 was ₹43.32 crores, whereas in FY25 and FY24 it was ₹28.20 crores and ₹19.05 crores, respectively.

Their EBITDA for FY26 was ₹72.18 crores, whereas in FY25 and FY24 it was ₹49.63 crores and ₹35.03 crores, respectively.

Technocraft Ventures Market Position

The Company operates across Uttar Pradesh, Rajasthan, Uttarakhand, Madhya Pradesh, Bihar, Odisha, and the National Capital Territory of Delhi. Its water and wastewater projects have been delivered under flagship schemes including UIDSSMT, JNNURM, AMRUT, Namami Gange, and the Jal Jeevan Mission, for clients such as the Delhi Jal Board, RUIDP, Uttar Pradesh Jal Nigam, PVVNL, and DVVNL.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹347.00 crores, ₹43.32 crores, and ₹72.18 crores, respectively.

How to apply for Technocraft Ventures IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.