Noida-based wastewater treatment solutions provider Technocraft Ventures has filed its red herring prospectus (RHP) with the Registrar of Companies, paving the way for its initial public offering to open for public subscription on August 7, 2026. According to The Hindu BusinessLine, the three-day bidding period will close on August 11, 2026, while the one-day anchor book opened on August 6, 2026. The company has set the price band at ₹200-212 per share with a lot size of 70 shares and face value of ₹10 per share. Share allotment is expected to be finalised on August 12, 2026, with the company's shares likely to list on the stock exchanges on August 14, 2026. The IPO comprises 1.18 crore equity shares, including a fresh issue of 95.05 lakh shares and an offer for sale (OFS) of 23.76 lakh shares, as per the RHP filed on July 30. However, the latest reports indicate this is a pure fresh issue with no OFS component, with the entire ₹150 crore proceeds earmarked for funding working capital requirements including inventories, trade receivables, project execution, and arranging bank guarantees.
The IPO comprises 1.18 crore equity shares, including a fresh issue of 95.05 lakh shares and an offer for sale (OFS) of 23.76 lakh shares, as per the RHP filed on July 30. Promoter entity Kartikey Constructions, a partnership firm, will be the selling shareholder in the OFS. The company has reserved 50 percent of the issue for qualified institutional buyers (QIBs), 35 percent for retail investors and the remaining 15 percent for non-institutional investors (NIIs). Khambatta Securities is the sole book-running lead manager to the issue, while Bigshare Services Pvt Ltd serves as the registrar. As many as 3,563,810 equity shares have been reserved for anchor investors, with anchor bidding scheduled for August 6. The company has 3.01 crore pre-issue shares outstanding, with a face value of ₹10 per share. At the upper end of the price band, the total issue size works out to about ₹251.88 crore. According to The Hindu BusinessLine, shares will be listed on both BSE and NSE exchanges, with retail investors able to apply for a minimum lot of 70 equity shares.
On the financial front, profit for the year ended March 2026 rose 53.6 percent year-on-year to ₹43.3 crore from ₹28.2 crore, while revenue increased 23.4 percent to ₹345 crore from ₹279.6 crore. As reported by The Hindu BusinessLine, the company recorded ₹344.99 crore revenue from operations with a profit (PAT) of ₹43.32 crore in the financial year 2025-26, compared to ₹279.56 crore revenue and a profit (PAT) of ₹28.20 crore in the fiscal year 2024-25. The company's financial metrics show strong growth with Revenue growing from ₹226.10 crore in FY2024 to ₹345 crore in FY2026, representing a CAGR of approximately 23.52%. EBITDA stood at ₹721.75 million and net profit at ₹433.15 million for FY26. Return on equity was 26.51 percent and return on capital employed was 27.72 percent. The company plans to utilise ₹150 crore from the net proceeds of the fresh issue primarily towards working capital requirements, while the balance will be used for general corporate purposes and offer expenses.
As of July 15, 2026, Technocraft Ventures had an order book of ₹1,320.73 crore, comprising 19 projects, as per The Hindu BusinessLine. Of the total order book, projects worth ₹917.6 crore remain to be executed under seven joint ventures. The company had filed its draft IPO papers in August 2025 and received approval from the Securities and Exchange Board of India (SEBI) in December 2025. As of May 31, 2026, the company employed 170 full-time employees, including 78 engineers, deployed across various domains, supporting its diversified project portfolio. Technocraft Ventures operates as a New Delhi-based multidisciplinary public infrastructure development company, engaged in the execution of turnkey EPC contracts across water, wastewater, roads, and electrical transmission sectors. The company works under government schemes including AMRUT, Namami Gange, and PMGSY, and has also executed projects funded by the Asian Development Bank. The company's bid has also been recently awarded L1 status by the Delhi Jal Board under AMRUT 2.0 valuing ₹196.47 crore. Founded in 1998, the company is led by Managing Director Sanjay Tyagi, a civil engineer with 17 years of prior experience at the Ghaziabad Development Authority.
According to InvestorGain and IPO Watch, the grey market premium (GMP) for the Technocraft Ventures IPO stood at ₹10 on August 4, indicating an estimated listing gain of around 4.7 percent over the upper price band of ₹212. Based on this premium, the indicative listing price for the stock currently stands at ₹223 per share. The grey market signals suggest a modest initial response ahead of the launch, with the premium representing a slight moderation from earlier levels. However, market participants should note that grey market premiums are unofficial and are not a guaranteed indicator of listing performance. Following the closure of the issue, the basis of allotment is expected to be finalised on August 12, 2026, with refunds for unsuccessful applicants and credit of shares to successful bidders' demat accounts likely on August 13, 2026. The shares are scheduled to debut on the BSE and NSE on August 14, 2026.
