Technocraft Ventures IPO

The Technocraft Ventures mainboard IPO opens for subscription on 7 Aug 2026 and closes on 11 Aug 2026, offered at a price band of ₹200–212 per share, and is set to list on NSE and BSE. In total, the issue aims to mobilise ₹251.88 crore. Retail investors bid in lots of 70 shares, a minimum application of ₹14,840.

Issue structure

The offer combines a fresh issue of ₹201.51 crore with an offer for sale (OFS) of ₹50.37 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding working capital requirements of the company (₹150 crore), alongside general corporate purposes.

Financials

In FY2026, Technocraft Ventures reported revenue of ₹347 crore and a net profit of ₹43.32 crore. Revenue grew from ₹227.3 crore in FY2024 to ₹347 crore in FY2026 (+53.0%). Net worth stood at ₹163.38 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 19.38× post-issue earnings and 3.91× book value, against a return on net worth of 26.51% and a debt-to-equity ratio of 0.55. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Denta Water And Infra Solutions Ltd and EMS Limited, with a median peer P/E of about 22.5×. The issue's own post-issue P/E works out to 19.38×.

Promoters

The promoters of the company are <p>Sanjay Tyagi, Rekha Tyagi, Kartikey Tyagi, Kartikey Constructions (Partnership Firm), Sanjay Tyagi (HUF)</p>. Promoter holding stands at 100% before the issue and comes down to 70% after listing.

Grey market premium (GMP)

In the unofficial grey market, Technocraft Ventures shares are quoted at a premium of ₹42 implying an expected listing around ₹254, about +19.8% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Technocraft Ventures IPO was subscribed 38.69 times overall. The strongest demand came from non-institutional investors (NII) at 65.06 times, with qualified institutional buyers (QIB) at 42.26× and retail investors at 25.35×.

Listing performance

Technocraft Ventures listed on 14 Aug 2026 at ₹285, a premium of +34.4% over the issue price of ₹212.

What to weigh

When evaluating the Technocraft Ventures IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Technocraft Ventures

Technocraft Ventures Ltd. , incorporated on October 21, 1998, is a public infrastructure development company that undertakes turnkey Engineering, Procurement, and Construction (EPC) projects. The company works across multiple infrastructure sectors, delivering projects mainly for state governments and government agencies in northern India, including Uttar Pradesh, Uttarakhand, Rajasthan, and the National Capital Territory of Delhi. Its services cover a wide range of areas: Water &amp; Wastewater Infrastructure &ndash; Designing and building water supply schemes, sewerage networks, sewage and wastewater treatment plants, transmission mains, and reservoirs, as well as providing long-term operation and maintenance services. Roads &amp; Highways &ndash; Executing road and national highway projects. Urban Infrastructure &ndash; Sector-level planning and residential building projects. Power Distribution &ndash; Implementing electrification schemes, constructing substations, and installing transmission lines. Trenchless &amp; Micro-Tunnelling Works &ndash; Laying pipelines in crowded areas with minimal disruption to the surface. As of June 30, 2025, Technocraft Ventures employed 170 full-time staff, including 76 engineers, across functions such as engineering, procurement, finance, safety, business development, and administration. The company's strengths include its broad EPC capabilities and proven record of executing high-value projects. Competitive Strength: Diversified EPC Capabilities across Core Infrastructure Sectors Execution Capabilities Demonstrated through High-Value Government and Multilateral Projects, with Strong Financial Growth. In-House Engineering Strength with Technological Adaptation Consistent Revenue Growth and Strengthening Profitability Regulatory-Approved Electrical Works Capabilities with Statewide Licenses.