The Technocraft Ventures Ltd IPO allotment status is expected to be finalized on Wednesday, August 12, by late evening, as per latest NSE data. Investors who applied for the public offer can check their allotment status online through multiple platforms including NSE, BSE, and Bigshare Services. The IPO received exceptional investor interest, achieving 38.69 times subscription as of 17:30 IST on August 11, with bids received for 32.17 crore equity shares against 83.17 lakh shares on offer. The retail investor portion achieved 6.82 times subscription against the 41.58 lakh shares reserved for retail investors, while the price band remains fixed between ₹200 and ₹212 per share. Following the finalization of allotment, refunds for unsuccessful applicants are expected to be processed on August 13, with shares being credited to successful investors' Demat accounts on the same day.
The latest grey market premium (GMP) for Technocraft Ventures has shown remarkable strength, rising from ₹10 as of August 3 to ₹31 currently, indicating an estimated listing price of ₹243 per share based on the upper price band of ₹212 plus the GMP. This represents a potential 12.74% premium on listing, with the GMP showing an upward trend throughout the past 13 sessions, fluctuating between ₹0.00 and ₹30 according to expert analysis. The company's shares are scheduled to list on both NSE and BSE with a tentative listing date of August 14, 2026. Applicants can check their allotment status through multiple platforms including BSE, NSE, and Bigshare Services by entering their application number or PAN details. The IPO opened for subscription on August 7 and closed on August 11, with the issue comprising a book-built issue worth ₹251.88 crore.
The subscription showed strong demand across all investor categories, with non-institutional investors (NIIs) emerging as the strongest performers with 65.06 times subscription against the 17.82 lakh shares on offer, significantly outpacing other segments. Qualified institutional buyers (QIBs) achieved 42.26 times subscription against the 23.76 lakh shares reserved for them, while the retail individual investor portion was subscribed 25.35 times. At the upper end of the price band, retail investors will need a minimum investment of ₹14,840 to apply for one lot of 70 shares. The IPO comprises a book-built issue worth ₹251.88 crore, with the fresh issue comprising 95 lakh shares valued at ₹201.51 crore and an offer for sale of 24 lakh shares worth ₹50.37 crore. The company plans to use the net proceeds from the fresh issue primarily to meet its working capital requirements, with the balance earmarked for general corporate purposes.
Ahead of the IPO, Technocraft Ventures on August 6 raised ₹75.55 crore from anchor investors, with the company allotting 35.63 lakh equity shares at ₹212 per share - the upper end of the IPO price band - to 4 anchor investors. The anchor book included LRSD Securities, Vikasa India EIF I Fund, Nakshatra Bharat Vantage Fund and Venus Stellar Fund. The company reported strong financial performance with consolidated net profit of ₹43.32 crore and sales of ₹344.99 crore for the twelve months ended March 31, 2026. Water and wastewater projects accounted for nearly 85 percent of revenue, while road and highway projects contributed around 13 percent. The company demonstrated robust growth with net profit increasing 53.6 percent year-on-year from ₹28.20 crore in FY25, while revenue from operations grew 23.4 percent to ₹344.99 crore from ₹279.56 crore in the previous fiscal year. The company's debt-to-equity ratio improved significantly from 0.87x to 0.55x during FY24-26, while the debt service coverage ratio more than doubled from 1.83x to 4.09x.
Technocraft Ventures' subsidiary Taron is recognized as the leading forklift pooling player and a leader in the lithium-ion segment of MHEs, having been the first to introduce these solutions in India. Its customer list includes reputed companies such as Hindustan Coca-Cola Beverages, Marico, Toll (India) Logistics, and Daikin Air-conditioning India. The company's core business is water and wastewater infrastructure, including water supply schemes (WSSPs), sewage treatment plants (STPs), wastewater treatment plants (WWTPs), transmission pipelines and reservoirs. As of July 15, 2026, Technocraft Ventures had an unexecuted EPC order book of ₹1,320.7 crore, comprising 19 projects, with the majority in the water and wastewater segment, providing healthy revenue visibility. The company has executed projects under schemes including AMRUT, JNNURM, UIDSST, Namami Gange, JJM, and PMGSY, with experience implementing ADB-funded infrastructure projects. Incorporated in 1998, Technocraft Ventures is an engineering, procurement and construction (EPC) company focused on public infrastructure projects, operating across 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.
