Technocraft Ventures IPO opened for subscription on Friday, August 7, 2026, aiming to raise ₹251.88 crore through a combination of a fresh issue and an Offer for Sale (OFS). The IPO will remain open until Tuesday, August 11, 2026, and is proposed to be listed on both the BSE and NSE on August 14, 2026.
The infrastructure-focused EPC company has set the price band at ₹200–₹212 per equity share, with a lot size of 70 shares. At the upper price band, retail investors need a minimum investment of ₹14,840.
Technocraft Ventures IPO at a Glance
| Particulars | Details |
|---|---|
| IPO Type | Book Building Issue |
| Issue Size | ₹251.88 Crore |
| Price Band | ₹200 – ₹212 per share |
| Face Value | ₹10 per share |
| Lot Size | 70 Shares |
| IPO Opens | August 7, 2026 |
| IPO Closes | August 11, 2026 |
| Allotment Date | August 12, 2026 (Tentative) |
| Listing Date | August 14, 2026 (Tentative) |
| Exchange | BSE & NSE |
About Technocraft Ventures Ltd.
Established in 1998, Technocraft Ventures Ltd. is an Engineering, Procurement and Construction (EPC) company engaged in executing government infrastructure projects across North India.
The company specialises in:
- Water & Wastewater Infrastructure
- Roads & Highways
- Urban Infrastructure
- Power Distribution Projects
- Trenchless & Micro-Tunnelling Works
- Operation & Maintenance (O&M) Services
Its projects have been executed under flagship government schemes including Jal Jeevan Mission (JJM), Namami Gange, AMRUT, PMGSY and JNNURM.
Financial Performance Of Technocraft Ventures
Technocraft Ventures has delivered healthy financial growth over the last few years.
| Financial Year | FY26 | FY25 | FY24 |
| Total Income | ₹347 Cr | ₹281 Cr | ₹227.3 Cr |
| PAT | ₹43.32 Cr | ₹28.20 Cr | ₹19.05 Cr |
| EBITDA | ₹72.18 Cr | ₹49.63 Cr | ₹35.03 Cr |
Between FY25 and FY26:
- Revenue increased by 23%
- Profit After Tax (PAT) surged by 54%
IPO Objectives
The company plans to utilise the fresh issue proceeds for:
- ₹150 crore towards working capital requirements.
- General corporate purposes.
Technocraft Ventures IPO GMP Today
According to grey market sources, Technocraft Ventures IPO GMP is around ₹13 per share, indicating an estimated listing premium of nearly 6% over the upper price band of ₹212. However, GMP is unofficial and should not be considered a guarantee of listing performance.
Brokerage Views On Technocraft Ventures IPO
Brokerages have shared mixed opinions on the IPO:
- Anand Rathi: Subscribe for Long Term
- Swastika Investmart: Subscribe
- SBI Securities: Neutral
Most analysts appreciate the company’s strong order book, improving profitability, and diversified EPC business. However, concerns remain regarding dependence on government contracts and working capital requirements.
Strengths
- Diversified EPC business across multiple infrastructure sectors.
- Strong order book exceeding ₹1,200 crore.
- Healthy revenue and profit growth.
- Experienced management with over two decades in infrastructure execution.
- Government infrastructure spending provides long-term opportunities.
Risks
- Heavy dependence on government projects.
- Working capital-intensive business model.
- Aggressive pricing compared to historical earnings.
- Execution delays may impact profitability.
Should You Apply For Technocraft Ventures IPO?
Technocraft Ventures operates in a sector expected to benefit from continued government investment in infrastructure and water projects. The company has reported consistent financial growth and maintains a strong order book. While valuations appear fair to slightly aggressive, positive brokerage recommendations and healthy fundamentals make the IPO worth considering for investors with a medium- to long-term investment horizon. Investors seeking only listing gains should also monitor subscription levels and GMP before making a decision.
Disclaimer: This article is for informational and educational purposes only and should not be treated as investment advice. Please consult your financial advisor before investing in IPOs.
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