Technocraft Ventures IPO GMP Hits ₹21 Amid Strong Bidding
Traders and analysts on a bustling stock exchange floor
Key Highlights
Technocraft Ventures IPO sees Grey Market Premium surge to ₹21 on Day 1, with overall subscription reaching 2.59x. Details on price band, raise target, and subscription performance.
Technocraft Ventures Ltd saw its (GMP) climb to ₹21 today, an increase of ₹11 from Thursday’s ₹10. The public offering, aiming to raise ₹252 crore, remains open until August 11, 2026.
IPO Details at a Glance
- GMP: ₹21 (up ₹11 from Thursday)
- : ₹200 to ₹212 per equity share
- Total Raise Target: ₹252 crore
- Fresh Share Issuance: ₹202 crore
- (OFS): ₹50 crore
Day one of bidding indicated strong investor interest, with the IPO oversubscribed overall.
Performance
- Overall Subscription: 2.59 times
- Portion: 1.00 times
- (NII) Segment: 3.80 times
- Qualified Institutional Buyer () Portion: 4.47 times
Analysts at Anand Rathi valued Technocraft Ventures at a of 19.4x based on its FY26 annualised of ₹14.39. The post-issue market capitalization is estimated at approximately ₹8,397 million.
The firm cited diversified order books, expanding geographical presence, and integrated EPC capabilities as growth drivers. Sushil Financial Services, Beacon Capital Advisors, and Swastika Investmart have all recommended applying for the IPO, noting strong revenue and profit growth.
Key Dates and Stakeholders
The tentative date for share allotment finalization is August 12, 2026, with listing on the and expected on August 14, 2026. Bigshare Services Private Ltd is the official registrar for the IPO.