Technocraft Ventures' Initial Public Offering (IPO) is set to open for public subscription on Friday, August 7, 2026, and will conclude on Tuesday, August 11, 2026. The company has fixed the price band for its shares at Rs 200 to Rs 212 per equity share.
The public issue comprises 1.18 crore equity shares. This includes a fresh issue of 95.05 lakh shares and an offer for sale (OFS) of 23.76 lakh shares by promoter entity Kartikey Constructions. Investors can bid for a minimum of 70 equity shares and in multiples thereof.
Key Dates and Allotment Timeline
- Anchor Investor Allocation: Thursday, August 6, 2026
- IPO Open Date: Friday, August 7, 2026
- IPO Close Date: Tuesday, August 11, 2026
- Basis of Allotment Finalization: Wednesday, August 12, 2026 (tentative)
- Refunds Initiated & Demat Account Credit: Thursday, August 13, 2026
- Listing Date: Friday, August 14, 2026 (on BSE and NSE)
Not more than 50% of the issue size is reserved for Qualified Institutional Buyers (QIBs), while not less than 15% is allocated for non-institutional investors, and not less than 35% for retail investors.
Company Overview and Financials
Technocraft Ventures is an infrastructure development company specializing in turnkey EPC (Engineering, Procurement, and Construction) projects across various sectors. The firm primarily undertakes projects for state governments and government agencies in northern India, with a notable presence in Uttar Pradesh, Uttarakhand, Rajasthan, and the National Capital Territory of Delhi.
The company plans to utilize Rs 150 crore from the net proceeds of the fresh issue to meet its working capital requirements, with the remaining funds allocated for general corporate purposes. Khambatta Securities is the sole book-running lead manager for the issue.
As of July 15, 2026, Technocraft Ventures boasted a total order book of Rs 1,320.7 crore, which includes operation and maintenance contracts. Notably, projects worth Rs 917.6 crore are slated for execution through seven joint ventures.
In the fiscal year 2026, the company reported a significant increase in its financial performance. Profit after tax (PAT) rose by 53.6% to Rs 43.3 crore, up from Rs 28.2 crore in the previous fiscal year. Revenue from operations also saw a healthy increase of 23.4%, reaching Rs 345 crore compared to Rs 279.6 crore in FY25.