Technocraft Ventures is launching its ₹252 crore IPO on August 7, with a price band set between ₹200 and ₹212 per share. The Noida-based EPC firm plans to use the proceeds to bolster its working capital and fund general corporate expenses. The subscription window for the public offering remains open until August 11.
Technocraft Ventures Ltd, an engineering, procurement, and construction (EPC) company focused on public infrastructure, is set to enter the public market. The initial public offering (IPO) will open for subscription on August 7, 2026, with the bidding process concluding on August 11. The company has fixed a price band of ₹200 to ₹212 per equity share for this maiden offering.
The public issue comprises a fresh issuance of up to 95.05 lakh equity shares and an offer for sale of up to 23.76 lakh shares by the promoter, Kartikey Constructions. Prospective anchor investors will be able to participate in the bidding process on August 6. The company intends to direct ₹150 crore of the fresh issue proceeds toward meeting its working capital requirements, while the remainder will support general corporate activities and cover the expenses related to the offering.
Order Book and Financial Growth
As of July 15, 2026, Technocraft Ventures reported an order book worth ₹1,320.73 crore, which includes 19 active projects. The firm has shown growth in its financial metrics, reporting revenue from operations of ₹344.99 crore for the 2026 fiscal year, compared to ₹279.56 crore in the previous year. Profit after tax also improved significantly, rising to ₹43.32 crore from ₹28.20 crore in the preceding year.
Business Context and Operations
Since its incorporation in 1998, the company has concentrated on public infrastructure, including roads, highways, water and wastewater management, and electrical transmission systems. Its client base consists primarily of state governments and government agencies. While its current operations are concentrated in Uttar Pradesh, Uttarakhand, Rajasthan, and Delhi, the company is actively expanding its presence into Madhya Pradesh, Bihar, and Odisha.
As an EPC contractor, the company's performance is often tied to the timely execution of government contracts and the availability of funds from state agencies. Investors may monitor the company’s ability to manage its working capital cycle effectively as it scales its operations into new states. The equity shares are expected to be listed on both the BSE and the NSE following the conclusion of the IPO. Khambatta Securities is acting as the lead manager for the issue, and Bigshare Services has been appointed as the registrar.