Technocraft Ventures IPO is in focus today as August 11 is the final day for investors to place their bids. The ₹251.88 crore mainboard IPO opened for subscription on August 7 and has already received strong demand from investors.
The company had earlier raised ₹75.55 crore from anchor investors on August 6. So far, the public issue has been subscribed more than six times.
Technocraft Ventures IPO GMP Rises
Technocraft Ventures is also showing positive signs in the grey market. According to Investors Gain, the IPO is trading at a grey market premium (GMP) of around ₹30 per share.
Based on the upper price band, this indicates a potential listing gain of around 14%. The GMP was ₹23 on August 9, meaning it has increased by ₹7 in just two days.
However, investors should remember that GMP is unofficial and can change before the shares are listed.
Price Band and Minimum Investment
Technocraft Ventures has fixed the IPO price band at ₹200 to ₹212 per share.
The minimum lot size is 70 shares. At the upper price of ₹212, retail investors need to invest at least ₹14,840 for one lot.
Big Share Services Private Limited has been appointed as the registrar for the IPO.
IPO Subscribed Nearly 7 Times
The IPO received strong demand across different investor categories. As of 10:50 am on August 11, the issue was subscribed 6.87 times overall.
The retail investor portion was subscribed 6.52 times, while the Qualified Institutional Buyers (QIB) category received 4.50 times subscription. The Non-Institutional Investors (NII) portion saw the strongest demand at 10.86 times.
How Will the Company Use the IPO Money?
Technocraft Ventures plans to use ₹150 crore raised through the fresh issue to meet its working capital requirements.
The remaining funds will be used for general corporate purposes. As of March 31, 2026, the company reportedly had an order book worth ₹1,235.90 crore.
Some experts believe the IPO pricing appears aggressive. However, the company management remains confident about its order book and financial position.
Investors considering the IPO should carefully study the company’s financials, valuation and risks before making a decision.
