3 weeks ago
Technocraft Ventures IPO Opens Today with Rs 252 Crore Issue
A company called Technocraft Ventures builds big public projects like roads and other infrastructure for state governments.
It wants to raise money to grow its business.
So it decided to sell pieces of itself, called shares, to the public for the first time.
This is called an IPO, which stands for initial public offering.
The company wants to collect about 252 crore rupees.
Each share costs between 200 and 212 rupees, and the smallest amount a regular buyer can purchase is 70 shares.
People are already excited, and the shares are being talked about at a higher price in the grey market, though that is not an official sign of what will happen.
If all goes as planned, the shares will be finalised on August 12 and start trading on August 14.
Technocraft Ventures IPO opened for bidding on August 7, aiming to raise about Rs 252 crore through a book-building issue that runs until August 11.
The price band is Rs 200-212 per equity share, with a minimum retail lot of 70 shares worth Rs 14,840 at the upper band.
The issue combines a fresh issue of 95 lakh shares worth Rs 201.51 crore with an offer for sale of 24 lakh shares worth Rs 50.37 crore.
Grey market premium stood at Rs 13 (with another report citing a 7.55% premium at Rs 228), and the issue was subscribed 0.41 times as of the 12:09 PM update.
Allotment is expected on August 12 and listing on NSE and BSE on August 14; Anand Rathi and other brokers assigned 'subscribe' tags, calling the IPO 'fairly valued' at a P/E of 19.4x.
- Who
- Technocraft Ventures, a public infrastructure development company, and investors bidding in the IPO
- What
- The company's IPO opened for bidding to raise about Rs 252 crore through a fresh issue and an offer for sale
- Where
- India, with listing planned on the NSE and BSE; the company operates mainly in northern India including Uttar Pradesh, Uttarakhand, Rajasthan, and Delhi
- When
- Bidding opened on August 7, 2026 and will close on August 11; allotment is expected on August 12 and listing on August 14
- Why
- To raise capital for the company through the fresh issue, while the offer for sale provides an exit for existing shareholders
Growth Supporters
Valuation Skeptics
Should investors subscribe to the IPO?
Growth Supporters
Brokerages including Anand Rathi, Sushil Financial Services, Beacon Capital Advisors and Swastika Investmart assigned 'subscribe' or 'apply' tags, citing a diversified order book, expanding geographical presence, integrated EPC capabilities and light debt reliance.
Valuation Skeptics
At the upper price band, the issue is valued at a P/E of 19.4x and appears 'fairly valued' relative to listed peers, implying limited upside; grey market premium is not an official indicator of listing trends.
Key facts
- Total issue size
- Rs 251.88 crore (approx Rs 252 crore)
- Fresh issue
- 95 lakh shares worth Rs 201.51 crore
- Offer for sale
- 24 lakh shares worth Rs 50.37 crore
- Price band
- Rs 200-212 per equity share
- Lot size
- 70 shares (Rs 14,840 at the upper band)
- Grey market premium
- Rs 13 per Investorgain (up Rs 3 from Rs 10); another report cites a 7.55% premium at Rs 228
- Subscription (12:09 PM update)
- 0.41 times overall; retail 0.46x, NII 0.82x, QIB 0.00x
- Key dates
- Closes August 11; allotment August 12; listing August 14 on NSE and BSE (tentative)
Quotes
Sushil Financial Services
An investment advisor at Sushil Financial Services
“At the upper price band, the company is valued at a P/E of 19.4x based on its FY26 annualised EPS of ₹14.39, implying a post‑issue market capitalisation of approximately ₹8,397 million. Its diversified order book, expanding geographical presence and integrated EPC capabilities provide visibility for long-term growth. However, considering the proposed valuation relative to listed peers, the IPO appears fairly valued.”
livemint.com
“Backed by strong revenue/profit growth, pure working‑capital deployment for order book expansion, light debt reliance, and competitive relative valuation against peers.”
livemint.com
Sources
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