Technocraft Ventures raises Rs 75.55 cr from anchor investors ahead of IPO
Technocraft Ventures Ltd secured Rs 75.55 crore from anchor investors before its public offering. The company's Rs 252-crore initial public offering will open for subscription on August 7. It has fixed a price band of Rs 200-212 per share for th...
By PTI |
Agencies
Infrastructure company Technocraft Ventures Ltd on Thursday raised Rs 75.55 crore from anchor investors, a day before the launch of its Rs 252-crore initial public offering (IPO) for public subscription.
The Noida-headquartered company allotted 35.63 lakh equity shares to anchor investors at Rs 212 apiece, the upper end of the IPO price band, according to its statement.
Anchor investors are LRSD Securities Private Limited, Vikasa India EIF 1 Fund, Nakshatra Bharat Vantage Fund and Venus Investments VCC.
The company's IPO will open for subscription on August 7 and conclude on August 11. It has fixed a price band of Rs 200-212 per share for the issue.
The IPO comprises a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions.
At the upper end of the price band, the total issue size works out to about Rs 251.88 crore.
Of the fresh issue proceeds, Rs 150 crore will be used to fund the company's working capital requirements, while the remaining amount will be utilised for general corporate purposes and offer-related expenses.
As of July 15, 2026, the company's order book stood at Rs 1,320.73 crore, comprising 19 projects.
Technocraft Ventures' revenue from operations rose to Rs 344.99 crore in FY26 from Rs 279.56 crore in the preceding financial year, while its profit after tax increased to Rs 43.32 crore from Rs 28.20 crore.
Incorporated in 1998, Technocraft Ventures is an engineering, procurement and construction (EPC) company engaged in public infrastructure projects.
Its operations span water and wastewater infrastructure, roads and highways, electrical transmission, urban infrastructure, and operation and maintenance of public utilities..
The company primarily executes projects for state governments and government agencies across Uttar Pradesh, Uttarakhand, Rajasthan and Delhi, and has expanded its presence to Madhya Pradesh, Bihar and Odisha.
Khambatta Securities is the book-running lead manager to the issue, while Bigshare Services is the registrar. The company's equity shares are proposed to be listed on the BSE and NSE.
The Noida-headquartered company allotted 35.63 lakh equity shares to anchor investors at Rs 212 apiece, the upper end of the IPO price band, according to its statement.
Anchor investors are LRSD Securities Private Limited, Vikasa India EIF 1 Fund, Nakshatra Bharat Vantage Fund and Venus Investments VCC.
The company's IPO will open for subscription on August 7 and conclude on August 11. It has fixed a price band of Rs 200-212 per share for the issue.
The IPO comprises a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions.
At the upper end of the price band, the total issue size works out to about Rs 251.88 crore.
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Of the fresh issue proceeds, Rs 150 crore will be used to fund the company's working capital requirements, while the remaining amount will be utilised for general corporate purposes and offer-related expenses.
As of July 15, 2026, the company's order book stood at Rs 1,320.73 crore, comprising 19 projects.
Technocraft Ventures' revenue from operations rose to Rs 344.99 crore in FY26 from Rs 279.56 crore in the preceding financial year, while its profit after tax increased to Rs 43.32 crore from Rs 28.20 crore.
Incorporated in 1998, Technocraft Ventures is an engineering, procurement and construction (EPC) company engaged in public infrastructure projects.
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Its operations span water and wastewater infrastructure, roads and highways, electrical transmission, urban infrastructure, and operation and maintenance of public utilities..
The company primarily executes projects for state governments and government agencies across Uttar Pradesh, Uttarakhand, Rajasthan and Delhi, and has expanded its presence to Madhya Pradesh, Bihar and Odisha.
ADVERTISEMENT
Khambatta Securities is the book-running lead manager to the issue, while Bigshare Services is the registrar. The company's equity shares are proposed to be listed on the BSE and NSE.
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