The Technocraft Ventures IPO has opened for subscription today, August 7.
The company is looking to raise Rs 251.88 crore through the book-building issue.
The IPO includes two parts:
Fresh issue: Rs 201.51 crore through 95 lakh shares
Offer for Sale (OFS): Rs 50.37 crore through 24 lakh shares
Since the fresh issue forms the larger part of the IPO, most of the funds raised through this portion will go directly to the company.
The IPO price band has been fixed between Rs 200 and Rs 212 per equity share.
Technocraft Ventures IPO GMP: Shares Trading at Premium
Technocraft Ventures shares are seeing positive movement in the grey market before listing.
The shares are reportedly trading at a premium of around 7.55%, with the grey market price at nearly Rs 228 per share.
Based on this premium, investors applying at the upper price band may expect a potential listing gain of around Rs 1,120 per lot.
However, investors should remember that Grey Market Premium (GMP) is not an official measure of stock performance.
The actual listing price can be different from grey market expectations, as GMP only reflects market sentiment before listing.
Technocraft Ventures IPO Dates and Lot Size
As per the tentative IPO schedule:
IPO opening date: August 7
Share allotment date: August 12
Expected listing date on NSE and BSE: August 14
Retail investors can apply for a minimum of one lot containing 70 shares.
At the upper price band of Rs 212 per share, one lot will require an investment of around Rs 14,840.
IPO Manager and Registrar Details
Khambatta Securities is the lead book-running manager for the issue.
Bigshare Services has been appointed as the registrar for the Technocraft Ventures IPO.
What Does Technocraft Ventures Do?
Technocraft Ventures is an infrastructure development company involved in Engineering, Procurement and Construction (EPC) projects.
The company was incorporated in October 1998 and works on large infrastructure projects mainly for state governments and government agencies.
Its projects are spread across states including:
Uttar Pradesh
Uttarakhand
Rajasthan
National Capital Territory of Delhi
The company focuses on delivering turnkey infrastructure solutions across different sectors.
Should You Subscribe to Technocraft Ventures IPO?
Brokerage firm Anand Rathi Research has shared a mixed view on the IPO.
At the upper price band, the company is valued at a P/E ratio of 19.4 times based on its FY26 annualised earnings per share (EPS) of Rs 14.39.
This gives the company an estimated post-issue market capitalisation of around Rs 839.7 crore.
The brokerage noted that Technocraft Ventures has advantages such as a diversified order book, expanding presence across regions and integrated EPC capabilities.
However, it also highlighted that the IPO valuation appears fairly priced compared with listed industry peers.
Investors should review the company’s financial performance, growth prospects and valuation before deciding whether to invest.
