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₹212 - 212
Technocraft Ventures Ltd
Infrastructure Developers & OperatorsIPO
₹212 - 212
We are a multidisciplinary public infrastructure development company engaged in the execution of turnkey Engineering, Procurement and Construction ("EPC") contracts. We operate across various infrastructure segments, including Water & Wastewater Infrastructure such as Water Supply Scheme Projects ("WSSPs"), Sewerage Networks, Sewerage Treatment Plants ("STPs"), Wastewater Treatment Plants ("WWTPs"), Transmission mains, Reservoirs, Trenchless & Micro tunnelling Works, Roads and Highways work, Electrical Transmission work, Urban Infrastructure which includes sector-level planning and execution of residential building projects and Operation and Maintenance ("O&M") of public utilities. We execute projects primarily for state governments and government agencies across Northern & Central India, including Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Territory of Delhi. Recently, we have expanded our footprint in the State of Madhya Pradesh, Bihar and Odisha.
Lot70Min Invest₹14,840Face Value₹10Issue Size₹252 CrFresh Issue₹202 CrOffer for Sale₹50 CrListing Price₹285CMP₹366
Timeline
7 Aug
Bidding opens
11 Aug
Bidding closes
12 Aug
Allotment
13 Aug
Refund & demat credit
14 Aug
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹252 Cr1.19 Cr shares
Fresh Issue₹202 Cr
Offer for Sale₹50 Cr
Face Value₹10
Lot Size70 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8401-13 lots
sNII₹2,07,760from 14 lots
bNII₹10,09,120from 68 lots
Managers & Registrar
Lead ManagerKhambatta Securities Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrKartikey Constructions (Partnership Firm)PRMTR23,76,00050.37Total23,76,00050.37
Shareholding
CategoryPre IPOPost IPOPromoter Group100%70.01%Public0%29.99%
Objects of the Issue
- Funding working capital requirements of the Company
- General Corporate Purpose
Anchor Book
Bid Date06-Aug-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 179 | 226 | 280 | 345 |
| Operating ProfitCr | 22 | 34 | 48 | 70 |
| OPM% | 12.3 | 14.8 | 17.1 | 20.3 |
| PBTCr | 15 | 26 | 39 | 59 |
| PATCr | 11 | 19 | 28 | 43 |
| EPS | 4 | 6 | 9 | 14 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 8 | 8 | 8 | 30 |
| ReservesCr | 65 | 84 | 112 | 133 |
| BorrowingsCr | 51 | 80 | 87 | 90 |
| Total AssetsCr | 183 | 258 | 270 | 354 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 10 | 1 | 22 | 29 |
| Investing Cash FlowCr | 6 | 0 | -13 | -8 |
| Financing Cash FlowCr | -14 | -3 | -10 | -9 |
| Net Cash FlowCr | 2 | -2 | -1 | 13 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diversified EPC Capabilities across Core Infrastructure Sectors.
- Execution of High Value Government and Multilateral Funded Projects.
- Regulatory Approved Electrical EPC Capabilities with Statewide Licenses.
- Promoter - Led Business with Strong Execution Capabilities.
- Consistent Revenue Growth and Strengthening Profitability.
Strategies · as stated in the DRHP
- Strategic Expansion of Project Scale and Capacity to Enhance Market Position.
- Expanding the company Presence in Other States and Leveraging the Infrastructure Demand.
- On-site Renewable Energy Generation to Support Project Execution and Reduce Costs.
- Capitalize on Government policy initiatives.
- Strategic diversification into High-Growth Sectors aligned with National Infrastructure Goals.
- Continue to enhance our core strengths by attracting, retaining and training qualified personnel.
Risks · as stated in the DRHP
- The company's business is significantly dependent on contracts awarded by Government authorities under Government programmes, and any failures or delay in securing, executing or collecting payments under such contracts could materially and adversely affect its business, financial condition, cash flows and results of operations.
- The company's ability to secure projects is dependent on successful qualification and bidding under government tendering processes, and any failures to qualify or win tenders may adversely affect its order book and financial performance.
- Certain unspent Corporate Social Responsibility ("CSR") amounts pertaining to the Financial Years ended March 31, 2026, March 31, 2025 and March 31, 2024 remain to be utilised in accordance with the provisions of the Companies Act, 2013. Any delay in complying with the applicable CSR requirements may expose the company to regulatory action, penalties and reputational risks.
- There are outstanding legal proceedings involving the Company, Directors, Promoters, Key Managerial Personnel (KMPs) and Senior Managerial Personnel (SMPs) which may adversely affect its business, financial conditions, and results of operations.
- The company's business is largely concentrated in two states ("States") and is affected by various factors associated with these states.
- The Company was incorporated in the year 1998 and, accordingly, certain historical corporate records including forms filed with the Registrar of Companies are not traceable while certain statutory forms were filed with delay with Registrar of Companies. For certain forms its cannot assure you that the company will not be subject to regulatory action or penalties in respect of such matters, which may adversely affect the company's business, financial condition and reputation.