Technocraft Ventures is set to make its stock market debut on the BSE and NSE today, August 14, with grey market sentiment pointing to a potentially strong debut. The IPO is currently commanding a 17% grey market premium (GMP), suggesting that the shares could list well above their issue price.
The healthy GMP comes after an impressive subscription response. The IPO, which was open from August 7 to August 11, was subscribed 38.69 times overall, reflecting robust investor appetite across investor categories.
The Non-Institutional Investors (NII) category saw the strongest demand, with subscription reaching 65.06 times. Institutional investors in the Qualified Institutional Buyers (QIB) portion subscribed 42.26 times, while the retail portion was subscribed 25.35 times.
The issue comprised a fresh issue of 95 lakh shares aggregating to Rs 201.51 crore, along with an offer for sale (OFS) of 24 lakh shares worth Rs 50.37 crore.
Technocraft Ventures had fixed the IPO price band at Rs 200–Rs 212 per share.
Khambatta Securities served as the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar.
Technocraft Ventures IPO: Where will the funds be used?
The company plans to primarily utilise the IPO proceeds to strengthen its working capital position. Around Rs 150 crore has been earmarked for meeting working capital requirements, which will help support business expansion, improve operational efficiency, and provide additional financial flexibility. Any remaining funds from the issue will be deployed toward general corporate purposes.
Established in October 1998, Technocraft Ventures Ltd. is an infrastructure development company engaged in turnkey Engineering, Procurement, and Construction (EPC) projects. The company executes infrastructure projects largely for state governments and government agencies across northern India, including Uttar Pradesh, Uttarakhand, Rajasthan, and the National Capital Territory of Delhi.
Its services cover a wide range of areas: Water & Wastewater Infrastructure, Roads & Highways, Urban Infrastructure, Urban Infrastructure, and Trenchless & Micro-Tunnelling Works. The company has executed projects under schemes including AMRUT, JNNURM, UIDSST, Namami Gange, JJM, and PMGSY.
The company has experience implementing ADB-funded infrastructure projects with rigorous technical and environmental standards.
As of May 31, 2026, Technocraft Ventures employed 170 full-time staff, including 78 engineers, across functions such as engineering, procurement, finance, safety, business development, and administration.
Technocraft Ventures reported healthy growth in FY26, with total income rising 23% year-on-year to Rs 347 crore from Rs 281 crore in FY25. Profitability also improved significantly; profit after tax (PAT) jumped 54% to Rs 43.32 crore in FY26, compared with Rs 28.20 crore in the previous fiscal year, highlighting stronger operational performance.
