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Technocraft Ventures submitted IPO application to SEBI, Fresh Issue and OFS

Technocraft Ventures submitted IPO application to SEBI, Fresh Issue and OFS

Technocraft Ventures IPO Details

The IPO date of Technocraft Ventures Limited is yet to be announced. It will be a Book-Built Issue, with plans to raise approximately ₹[.] crores. The issue consists of a fresh issue of ₹[.] crores and an Offer for Sale (OFS) of ₹[.] crores, aggregating up to 23,76,000 equity shares with a face value of ₹10 each.

As per the Draft Red Herring Prospectus (DRHP), the IPO allocation is structured as follows:

  • Qualified Institutional Buyers (QIBs): 50%
  • Retail Individual Investors (RIIs): 35%
  • Non-Institutional Investors (NIIs): 15%

The company’s shares will be listed on both NSE and BSE.

IPO Structure & Fund Utilization

On August 8, 2025, Technocraft Ventures filed its DRHP with SEBI, proposing an issue of 1.19 crore equity shares through IPO.

  • Fresh Issue: 95.05 lakh equity shares
  • Offer for Sale (OFS): 23.76 lakh equity shares by promoter Kartikey Constructions

Objects of the Issue

  • ₹138 crores → To fund working capital requirements
  • Balance proceeds → For general corporate purposes including expansion, technology upgrades, and strengthening financial position

This will help the company improve operational liquidity and support growth in upcoming projects.

About Technocraft Ventures Limited

Founded in 1998, Technocraft Ventures is a leading public infrastructure company, specializing in sewerage systems, wastewater treatment, and water supply projects. The company executes turnkey EPC contracts, with expertise spanning project design, engineering, procurement, and construction.

Key Competitors

  • EMS Ltd.
  • VA Tech Wabag
  • Enviro Infra Engineers
  • Denta Water
  • Infra Solutions

The company continues to expand its footprint in India’s growing urban infrastructure and sanitation sector, aligned with government initiatives such as AMRUT 2.0 and the Jal Jeevan Mission.

Ongoing Projects (as of June 2025)

  • Active projects worth ₹685.8 crores
  • 4 Joint Venture projects under execution worth ₹383.86 crores
  • Presence across multiple states, with strong order visibility and robust project pipeline

Financial Performance

  • The company has shown consistent revenue growth along with a sharp rise in profitability, reflecting operational efficiency and strong demand in the wastewater infrastructure sector.

Strengths of the Company

  • Experienced in EPC execution for large-scale wastewater and water supply projects
  • Strong order book visibility, ensuring future revenue streams
  • Technological expertise in advanced wastewater treatment methods
  • Focus on sustainable and eco-friendly infrastructure
  • Experienced promoters and management team

IPO Lead Manager

The sole Book Running Lead Manager (BRLM) for the Technocraft Ventures IPO is Khambatta Securities Limited.

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