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Technocraft Ventures Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

Listed
Price Band ₹212 per share per share
Lot Size 70 Shares
Min. Investment ₹14840
Issue Size ₹251.88 Cr
Face Value ₹10
IPO Open 07 August 2026
IPO Close 11 August 2026
Allotment 12 Aug 2026
Listing 14 Aug 2026
Live demand

Subscription status for Technocraft Ventures Ltd IPO

As of 02 May 26, 5:00 PM. Will get Updated in every 30 minutes

QIB 3.42x

Qualified Institutional Buyers

NII 2.15x

Non-Institutional Investors

Retail 1.84x

Retail Individual Investors

Total 2.48x

Across all investor categories

Key dates

IPO schedule for Technocraft Ventures Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 07 Aug 2026
IPO Close 11 Aug 2026
Allotment 12 Aug 2026
Refund / Unblock 13 Aug 2026
Listing 14 Aug 2026
About the company

Who is Technocraft Ventures Ltd ?

Technocraft Ventures Limited was originally incorporated as Technocraft Construction Private Limited' as a private Company dated October 21, 1998, issued by the Registrar of Companies, NCT of Delhi & Haryana. Thereafter, the name of Company was changed from Technocraft Construction Private Limited' to Technocraft Ventures Private Limited' dated February 09, 2024. Subsequently, the status was converted into a public Company, the name of Company was changed to Technocraft Ventures Limited', and a fresh certificate of incorporation was issued to Company by the Registrar of Companies, Central Processing Centre, on June 11, 2024.

Technocraft Ventures is a multidisciplinary EPC company specializing in public infrastructure projects across northern India, with a focus on water supply, wastewater treatment, building construction, sewage networks, sewerage, roads and highways and electrification. Company commenced operations in Uttar Pradesh with residential and road construction projects, including the development of planned housing colonies, sector-level layouts, and execution of road construction, widening and strengthening works under Public Works Departments (PWD) and National Highways programs. These early projects laid the foundation for subsequent diversification into wastewater management, water supply, and public utility infrastructure.

In 2008, Company entered into a partnership with M/s Krishna Contractors pursuant to a deed dated August 01, 2008, as 'M/s Krishna-TCPL (J.V.)' to undertake contracting assignments; this partnership was subsequently dissolved with effect from December 31, 2024. In 2009, it further expanded operations by entering the wastewater treatment segment through the formation of M/s Ultratech Engineers, to participate in government contracts in the wastewater infrastructure space.

In 2012, Company diversified into power distribution sector with contract awards from Paschimanchal Vidyut Vitaran Nigam Limited (PVVNL) and Dakshinanchal Vidyut Vitaran Nigam Limited (DVVNL), collectively valued at approximately Rs 891.4 million. In 2016, it acquired the ongoing business of M/s Ultratech Engineers via a business transfer agreement dated June 02, 2016, which had been engaged in executing government infrastructure contracts. The Company entered the multilateral-funded infrastructure projects in 2017 in Udaipur, Rajasthan for sewage network project.

In 2023, Company secured two major AMRUT 2.0 projects in Kota and Bikaner, collectively valued at over Rs 5,500 million. The Company was awarded a major road widening and strengthening project under the PWD UP, valued at over Rs 665 million in FY 2025.

Company is planning the initial public offer by issuing 11,881,000 equity shares of face value of Rs 10 each, comprising a fresh issue of 9,505,000 equity shares and 2,376,000 equity shares through offer for sale.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2024
FY 2023
No Data Available
Metric (₹ Cr)FY 2024FY 2023-
Total Income227.69180.56-
EBITDA35.2023.86-
PAT19.3711.08-
AUM262.29187.59-

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • 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.

Risks

  • 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.
  • The company's operations is working capital intensive, and any shortfall or delay in the availability of working capital may adversely affect its project execution, business, financial condition, cash flows and results of operations.
  • The company's growth is significantly dependent on leveraging government initiatives in the water and wastewater infrastructure sector and its inability to capitalize on these opportunities could adversely affect the company's business prospects.
  • The company's business is subject to seasonal fluctuations that could result in delays or disruptions to its operations during the critical periods of the company's projects and cause severe damages to its premises and equipment's.
  • The company relies on its in-house engineering and construction teams and on the continued services of the company's Key Managerial Personnel (KMPs) and Senior Management Personnel (SMPs). Loss of key talent, inability to recruit/retain skilled manpower, or elevated attrition may adversely affect its operations and growth.

Technocraft Ventures Ltd IPO — frequently asked questions

The Technocraft Ventures Ltd IPO opens on 07 August 2026 and closes on 11 August 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Technocraft Ventures Ltd IPO is Rs 212 to Rs 212 per share. The lot size is 70 shares per lot, requiring a minimum investment of Rs 14840 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 70 lots as per SEBI guidelines.
You can apply for the Technocraft Ventures Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Technocraft Ventures Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 11 August 2026 at 5:00 PM.
Allotment for Technocraft Ventures Ltd IPO is scheduled on 12 Aug 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 13 Aug 2026. The shares are expected to list on 14 Aug 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Technocraft Ventures Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Technocraft Ventures Ltd IPO bid before the subscription window closes on 11 August 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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