Technocraft Ventures IPO sets price band, opens August 7. Check GMP, key details

Noida-based infrastructure developer Technocraft Ventures Limited has fixed a price band of Rs 200-212 per share for its upcoming initial public offering (IPO), which will open for public subscription on Friday, August 7.

The three-day bidding period will close on Tuesday, August 11, while the anchor investor bidding will take place a day before the issue opens, on Thursday, August 6.

At the upper end of the price band, the company expects to mobilise Rs 251.88 crore from the market. Shares will be listed on both the BSE and NSE, with retail investors able to apply for a minimum lot of 70 equity shares, and in multiples of 70 shares thereafter.


Technocraft Ventures IPO key details and latest GMP

The public issue of Rs 251.88 crore will open for subscription on Friday, August 7, 2026, and close on Tuesday, August 11, 2026, with anchor bidding scheduled for Thursday, August 6. Meanwhile, grey market signals suggest a positive initial response ahead of the launch. The share was trading at a current Grey Market Premium (GMP) of Rs 11, which translates to a GMP percentage of roughly 5% over the upper price band of Rs 212. Based on this premium, the indicative listing price for the stock currently stands at Rs 223 per share.

Issue details and share allocation

The public offering comprises a fresh issue of 95.05 lakh equity shares alongside an offer for sale (OFS) of up to 23.76 lakh shares by promoter entity Kartikey Constructions. The face value of each share is Rs 10.

Under the allocation plan, 35.63 lakh shares are reserved for anchor investors, while 23.76 lakh shares go to qualified institutional buyers (QIBs). High net-worth individuals (HNIs) have been allocated 17.82 lakh shares, and retail investors account for the largest chunk with 41.58 lakh shares.

Khambatta Securities Limited is managing the issue as the sole book-running lead manager, with Bigshare Services Private Limited handling registrar duties.

Use of IPO proceeds

Net proceeds worth Rs 150 crore from the fresh issue will go toward meeting working capital needs, according to the company's Red Herring Prospectus. The remaining cash will cover issue expenses and general corporate needs.

Order book and core business

Founded in 1998, Technocraft Ventures works as an EPC contractor across water supply, sewerage, wastewater treatment, roads, power transmission, and urban building projects. While traditionally focused on Northern and Central Indian states like Uttar Pradesh, Uttarakhand, Rajasthan, and Delhi, the company has recently expanded into Madhya Pradesh, Bihar, and Odisha.

Its order book stood at Rs 1,320.73 crore across 19 active projects as of July 15. The firm has also emerged as the lowest bidder (L1) for a Rs 196.47 crore Delhi Jal Board contract under the AMRUT 2.0 scheme.

Financial track record

The company is led by Managing Director Sanjay Tyagi, a civil engineer with 17 years of prior experience at the Ghaziabad Development Authority. Other promoters include Rekha Tyagi, Kartikey Tyagi, Kartikey Constructions, and Sanjay Tyagi HUF.

On the financial front, operational revenue grew to Rs 344.99 crore in FY26 from Rs 279.56 crore in FY25. Net profit rose to Rs 43.32 crore for the fiscal year ended March 31, compared with Rs 28.20 crore a year earlier.

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