• Order book status: Technocraft Ventures holds an order book of approximately ₹1,500 crore, with 98% in wastewater treatment and ₹120 crore in long-term O&M contracts, providing 3.85x revenue visibility alongside ₹750 crore in active bids.
• IPO proceeds utilisation: Funds raised through the fresh issue will be deployed as working capital to execute current contracts and bid for upcoming projects under Central Government schemes like Amrut 2.0 and Namami Gange.
• Receivables and cash flow: The company maintains a debtor cycle of 90 to 120 days for its B2G projects, with receivables aged over six months standing at around ₹2 crore due to direct central funding oversight.
• Sustainable margin outlook: Management targets sustainable EBITDA margins of 20% to 21% and PAT margins between 12% and 13%, driven by a focus on wastewater management and higher eligibility for ₹400 to ₹500 crore contracts.