Technocraft Ventures Limited IPO: Price Band Fixed At ₹200-212; Issue Opens On 7 August

Technocraft Ventures Limited is set to launch its initial public offering (IPO) next week after announcing a price band of ₹200-212 per equity share. The public issue, with an issue size of ₹251.88 crore, comprises a fresh issue and an offer for sale (OFS).

The subscription period will begin on Friday, 7 August, and conclude on Tuesday, 11 August, with anchor investors bidding a day earlier.

Technocraft Ventures Limited IPO: What Are The Key Details?

The Technocraft Ventures Limited IPO consists of a fresh issue of 95.05 lakh equity shares and an OFS of up to 23.76 lakh shares by promoter entity Kartikey Constructions. At the upper price band of ₹212, the company expects to raise ₹251.88 crore.

The bidding window will remain open from 7 to 11 August, while the anchor investor portion will open on 6 August. Shares are proposed to be listed on both the Bombay Stock Exchange and the National Stock Exchange.

Retail investors can bid for a minimum of 70 shares and in multiples of 70 thereafter. Under the allocation structure, 41.58 lakh shares have been reserved for retail investors, 23.76 lakh shares for qualified institutional buyers (QIBs), 17.82 lakh shares for non-institutional investors (HNIs), and 35.63 lakh shares for anchor investors.

How Will The Technocraft Ventures IPO Proceeds Be Used?

The company plans to utilise ₹150 crore from the IPO proceeds for its working capital requirements. The remaining proceeds will be used to meet issue-related expenses and for general corporate purposes.

Khambatta Securities Limited is the sole book-running lead manager for the issue, while Bigshare Services Private Limited is the registrar.

How Has Technocraft Ventures Performed Financially?

Founded in 1998, Technocraft Ventures operates as an EPC contractor across water supply, sewerage, wastewater treatment, roads, power transmission and urban infrastructure projects. The company has expanded beyond its traditional markets in northern India to Madhya Pradesh, Bihar and Odisha.

As of 15 July, its order book stood at ₹1,320.73 crore across 19 ongoing projects. The company has also emerged as the lowest bidder (L1) for a ₹196.47 crore Delhi Jal Board project under the AMRUT 2.0 scheme.

For FY26, operational revenue increased to ₹344.99 crore, up from ₹279.56 crore in FY25. Net profit also grew, reaching ₹43.32 crore compared with ₹28.20 crore in the previous financial year.

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