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Technocraft Ventures IPO Oversubscribed 4.73x
10 Aug
Summary
- IPO subscribed 4.73 times with bids for 3.93 crore shares.
- Issue comprises offer for sale and fresh issue for working capital.
- Company specializes in water/wastewater infrastructure projects.
The initial public offer for Technocraft Ventures has seen significant investor interest, with bids reaching 3.93 crore shares against the 83.17 lakh shares available, resulting in a 4.73 times subscription. The IPO, which opened on August 7, 2026, and closes on August 11, 2026, is priced between Rs 200 and Rs 212 per share.
The offer includes both an offer for sale by promoter Kartikey Constructions and a fresh issue. Net proceeds from the fresh issue, amounting to Rs 150 crore, will be allocated to working capital needs, with the remainder for general corporate purposes.
Technocraft Ventures is a North India-focused engineering, procurement, and construction (EPC) company specializing in water and wastewater infrastructure. As of July 15, 2026, the company had an unexecuted order book of Rs 1,305.45 crore, indicating strong future revenue prospects.
Prior to the IPO opening, Technocraft Ventures successfully raised Rs 75.55 crore from anchor investors on August 6, 2026. For the twelve months ending March 31, 2026, the firm reported a consolidated net profit of Rs 43.32 crore and sales of Rs 345 crore.
