Technocraft Ventures made a remarkable debut on Dalal Street, soaring by 45.17% on its first day. The infrastructure company's shares opened at ₹285 on BSE and ₹284 on NSE, representing a 40% premium over the IPO issue price of ₹212. The stock hit a high of ₹308.55 and a low of ₹285 during the trading session, with over 11.79 lakh shares traded on BSE. This strong market response validates the positive sentiment reflected in the earlier grey market premium of ₹17, which had indicated strong investor confidence ahead of the listing. The company's shares are set to list today (August 14) at 10 AM on BSE and NSE, following the completion of allotment process on Wednesday, August 12. According to BSE notifications, Technocraft Ventures share price will list in a special pre-open session during Friday's trades, with shares permitted for trading within the 'B' Group of Securities.
Technocraft Ventures achieved impressive subscription levels on Day 2, with the public issue oversubscribed by 38.69 times by 1:12 PM, demonstrating exceptional investor interest. The QIB portion maintained strong demand at 42.26 times subscription, while the NII segment was filled 65.06 times, showing the highest subscription rate among all categories. The retail segment showed robust participation at 25.35 times subscription, indicating healthy appetite across all investor categories. In contrast, LEAP India recorded only 0.31 times subscription during the same period, highlighting the stark difference in investor response between the two IPOs. The subscription breakdown shows Technocraft Ventures QIBs at 42.26 times, NIIs at 65.06 times, and RIIs at 25.35 times. The IPO structure reserves not more than 50% for QIBs, not less than 15% for NIIs, and not less than 35% for retail investors. According to InvestorGain, investors bid for over 32.17 crore shares against 83.17 lakh shares offered.
Investors who received Technocraft Ventures IPO allotment made ₹5,040 per lot, taking the value of their investment to ₹19,880 at the listing price on NSE. A lot consisted of 70 shares and cost ₹14,840 at the upper price band, making the 34% premium worth ₹5,040 per lot. Before the IPO, the company raised ₹75.55 crore from anchor investors, including LRSD Securities, Vikasa India EIF 1 Fund, Nakshatra Bharat Vantage Fund, and Venus Investments VCC. The Noida-headquartered firm allotted 35.63 lakh equity shares to anchor investors at ₹212 apiece, the upper end of the IPO price band. The anchor book included investors such as LRSD Securities, Vikasa India EIF I Fund, Nakshatra Bharat Vantage Fund and Venus Stellar Fund.
The ₹251.88 crore Technocraft Ventures IPO comprises a fresh issue of ₹186.70 crore and an offer-for-sale of ₹65.18 crore by promoter Kartikey Constructions. The price band ranges from ₹200–212 per share with a lot size of 70 shares. Of the fresh issue proceeds, ₹138 crore will be used to fund working capital requirements, while the remaining amount will be utilized for general corporate purposes and offer-related expenses. The IPO opened for subscription on August 7 and closed on August 11. The company is an EPC company engaged in public infrastructure projects since 1998, operating across water and wastewater infrastructure, roads and highways, electrical transmission, urban infrastructure, and operation and maintenance of public utilities. Khambatta Securities acts as the book-running lead manager, while Bigshare Services Pvt. Ltd. serves as the registrar. The IPO requires retail investors to invest at least in one lot worth ₹14,840 at the upper price band.
For FY26, Technocraft Ventures reported total income of ₹345 crore compared to ₹279.6 crore in FY25, while profit after tax increased to ₹43.3 crore from ₹28.2 crore in the previous fiscal. The company's revenue from operations rose 23.4% year-on-year to ₹345 crore in FY26 from ₹279.6 crore in FY25. The company's EBITDA grew to ₹72.18 crore from ₹49.63 crore last fiscal. Incorporated in 1998, the company is a public infrastructure development company executing turnkey EPC projects, mainly for state governments and agencies in north India. Its portfolio spans water and wastewater, roads and highways, electrical transmission, urban infrastructure, and operation and maintenance of public utilities. The company benefits from a diversified order book of around ₹1,305.45 crore as of July 15, 2026, providing visibility for future project execution, driven by public utility schemes including Jal Jeevan Mission, AMRUT, and Namami Gange. As of May 31, 2026, Technocraft Ventures employed 170 full-time staff, including 78 engineers, across functions such as engineering, procurement, finance, safety, business development, and administration.
