Jaipur: Technocraft Ventures Ltd. is set to enter the Indian capital markets with a book-built mainboard IPO comprising 1.1881 crore equity shares, including a fresh issue of 95.05 lakh shares and an Offer for Sale (OFS) of 23.76 lakh shares.
The company has fixed the IPO subscription period from August 7 to August 11, 2026, while listing on both the BSE and NSE is tentatively scheduled for August 14, 2026.
Although the final price band had not been announced at the time of publication, the company intends to raise approximately ₹150 crore through the fresh issue, largely to strengthen working capital requirements.
Technocraft Ventures has built its business around government infrastructure contracts, executing projects for state governments and public agencies in Rajasthan, Uttar Pradesh, Uttarakhand, Delhi and other northern Indian regions.
Its operations span multiple sectors including water supply projects, sewage treatment plants, highways, urban infrastructure, electrical distribution networks and trenchless pipeline construction.
Financial Performance
The company reported another year of robust financial growth during FY2025-26.
Key Investment Indicators
KPI. FY26
ROE. 26.51%
ROCE. 27.72%
PAT Margin. 12.56%
EBITDA Margin 20.92%
Debt/Equity. 0.55
NAV. ₹54.28
EPS (Pre-IPO). ₹14.39
Issue Structure
Particular. Details
IPO Type. Mainboard Book Built
Subscription Aug 7–11, 2026
Listing. BSE & NSE
Face Value. ₹10
Fresh Issue. 95.05 lakh shares
OFS. 23.76 lakh shares
Total Share. 1.1881 crore
Utilisation of IPO Proceeds
Purpose. Amount
Working Capital ₹150 Crore
General Corporate Purposes
Balance
Business Strengths
Diversified EPC operations across multiple infrastructure sectors.
Strong exposure to government-funded infrastructure programmes.
Experience executing projects under AMRUT, Jal Jeevan Mission, Namami Gange, PMGSY and JNNURM.
Capability in water treatment, highways, electrical infrastructure and micro-tunnelling.
Engineering workforce led by experienced technical professionals.
Potential Risks
Heavy dependence on government contracts.
Working-capital-intensive EPC business.
Delays in project execution or payment cycles may impact profitability.
Infrastructure spending slowdown could affect future order inflo
Deepstate network Market Outlook
India's continued investment in water infrastructure, urban development, highways and power distribution provides a favourable backdrop for EPC companies. Investors will closely watch the company's valuation once the price band is announced, along with subscription demand from institutional investors.
With revenue growth exceeding 20% and profit growth above 50% in FY26, Technocraft Ventures enters the IPO market during a period when infrastructure remains one of India's strongest long-term investment themes.
