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Home/Business/Technocraft Ventures IPO Oversubscribed …

Technocraft Ventures IPO Oversubscribed 7.35x; GMP at +30

Business
By IPO Desk•
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Four executives stand on a platform overlooking a large bridge under construction, with cranes and workers below.

Executives observe bridge construction in India

Key Highlights

Technocraft Ventures IPO closes 7.35x subscribed on Day 3. Company secured ₹75.55 Cr from anchor investors. Price band ₹200-212. Strong investor interest.

Technocraft Ventures’ initial public offering achieved a 7.35 times subscription rate by Day 3, demonstrating significant investor interest. The infrastructure company had previously secured ₹75.55 crore from anchor investors last Thursday.

Breakdown

The , which closes on Tuesday, saw varied interest across investor categories.

  • Portion: 7.08 times booked
  • Non-Institutional Investors (): 11.79 times subscribed
  • (QIBs): 4.50 times bids received

Company Overview & Financials

Established in 1998, Technocraft Ventures focuses on engineering, procurement, and construction (EPC) for public infrastructure projects across various Indian states.

  • from operations in FY26: ₹344.99 crore (up from ₹279.56 crore in FY25)
  • Profit after tax () in FY26: ₹43.32 crore (up from ₹28.20 crore)
  • IPO : 70 equity shares

Market Sentiment & Brokerage Views

The (GMP) for Technocraft Ventures IPO currently stands at +30, suggesting an estimated listing price of ₹242 per share. This estimated price is 14.15% above the upper end of its ₹200-212 per share IPO price band.

Brokerage firms have issued positive recommendations:

  • SMIFS highlighted diversification, geographic expansion, and strong return ratios (RoE of 26.51%, RoCE of 27.72% in FY26).
  • Swastika Investmart cited attractive valuations ( multiple of 14.73x), healthy financial performance, and a favorable sector outlook for their “subscribe” recommendation.

IPO Structure & Key Dates

The IPO comprises 1.18 crore equity shares, including a fresh issue of 95.05 lakh shares and an Offer For Sale () of 23.76 lakh shares by promoter entity Kartikey Constructions.

The company plans to use ₹150 crore from the fresh issue proceeds for working capital, with the rest for general corporate purposes. Khambatta Securities is the sole book-running lead manager.

  • (tentative): August 12
  • Refunds Initiated: August 13
  • Listing on and : August 14
BSEIndiaKartikey ConstructionsKhambatta SecuritiesNSESMIFSSwastika InvestmartTechnocraft Ventures