Technocraft Ventures Ltd
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹212
Per ShareLot Size
70 Shares
Minimum Investment
₹14,840
Issue Size
₹251.88 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Technocraft Ventures Ltd
Business model, operations, and market positioning.
About the Company
We are a multidisciplinary public infrastructure development company engaged in the execution of turnkey Engineering, Procurement and Construction ("EPC") contracts. We operate across various infrastructure segments, including Water & Wastewater Infrastructure such as Water Supply Scheme Projects ("WSSPs"), Sewerage Networks, Sewerage Treatment Plants ("STPs"), Wastewater Treatment Plants ("WWTPs"), Transmission mains, Reservoirs, Trenchless & Micro tunnelling Works, Roads and Highways work, Electrical Transmission work, Urban Infrastructure which includes sector-level planning and execution of residential building projects and Operation and Maintenance ("O&M") of public utilities. We execute projects primarily for state governments and government agencies across Northern & Central India, including Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Territory of Delhi. Recently, we have expanded our footprint in the State of Madhya Pradesh, Bihar and Odisha.
Industry Overview
India's infrastructure EPC sector is set for robust growth, with the construction industry projected to grow at a CAGR of 7-9% between FY 2023 and 2028, supported by government initiatives like NIP, PM Gati Shakti, and AMRUT 2.0. With ?3.2 trillion earmarked for water supply and sanitation under the NIP, demand is rising for EPC players with sectoral expertise, integrated O&M capabilities, and technology-driven execution. Our Company, with proven experience in wastewater management, microtunnelling, and renewable integration, is well-positioned to capitalize on these emerging opportunities.
Company History
Our Company was originally incorporated as `Technocraft Construction Private Limited' a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 21, 1998, issued by the Registrar of Companies, NCT of Delhi & Haryana. Thereafter, the name of our Company was changed from `Technocraft Construction Private Limited' to `Technocraft Ventures Private Limited' pursuant to a board resolution dated January 08, 2024, and a special resolution passed by our Shareholders on January 10, 2024, and a fresh certificate of incorporation dated February 09, 2024, was issued pursuant to change of name, by the Registrar of Companies, Delhi. Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors dated February 16, 2024, and a special resolution passed by our Shareholders on March 13, 2024. Consequently, the name of our Company was changed to `Technocraft Ventures Limited', and a fresh certificate of incorporation was issued to our Company by the Registrar of Companies, Central Processing Centre, on June 11, 2024. The CIN of the Company is U70101DL1998PLC096763.
Growth Strategy
- Strategic Expansion of Project Scale and Capacity to Enhance Market Position.
- Expanding the company Presence in Other States and Leveraging the Infrastructure Demand.
- On-site Renewable Energy Generation to Support Project Execution and Reduce Costs.
- Capitalize on Government policy initiatives.
- Strategic diversification into High-Growth Sectors aligned with National Infrastructure Goals.
- Continue to enhance our core strengths by attracting, retaining and training qualified personnel.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
66.05%
Issue Type
Book Building
ISIN
INE1D0W01018
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of up to 11,881,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Technocraft Ventures Limited ("the Company" or the "Issuer") for cash at a price of Rs. 212 per equity share ("Offer Price") (Including a Premium of Rs. 202 per Equity Share) aggregating up to Rs. 251.88 Crores (the "Offer"). The offer comprises of a fresh issue of up to 9,505,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 201.51 Crores by the company (the "Fresh Issue") and an offer for sale of up to 2,376,000 equity shares by Kartikey Constructions (Partnership Firm) (the "Promoter Selling Shareholder") and referred to as, the "Selling Shareholder" (the "Offer for Sale"). The offer would constitute [*]% of the post-offer paid-up equity share capital. Price Band: Rs. 212 per equity share of face value of Rs. 10 each. The floor price is 21.20 times of the face value of the equity shares. Bids can be made for a minimum quantity of 70 equity shares of face value of Rs. 10 each and in multiples of 70 equity shares of face value of Rs. 10 each thereafter.
*Subject to approvals and market conditions.
- 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.
- 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.