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Technocraft Ventures IPO
44.58xsubscribed

Technocraft Ventures IPO

Engineering - Construction
listed
₹14,000Min. investment

Technocraft Ventures Limited IPO Details

SectorEngineering - Construction
Price range₹200 – ₹212
IPO type
Regular
Lot size70 shares
Issue size₹252Cr
Red Herring Prospectus
Read
Market cap
₹839.65CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹344.99CrLower than sector avg
Growth rate3Y CAGR
23.53%Higher than sector avg

Technocraft Ventures IPO Subscription Status

Date
QIB
NII
Retail
Total
07-Aug-26
4.31 times (X)
9.59 times (X)
0.65 times (X)
2.62 times (X)
10-Aug-26
4.32X
14.94X
2.64X
4.22X
11-Aug-26
40.93X
191.73X
24.56X
44.58X

As on 07-Aug-26, 5:30 PM

Technocraft Ventures IPO Timeline

  1. Pre-apply
    5 Aug 2026
  2. Bid start
    7 Aug 2026
  3. Bid end
    11 Aug 2026
  4. Allotment
    12 Aug 2026
  5. Release of funds
    13 Aug 2026
  6. Demat transfer
    13 Aug 2026
  7. Listing
    14 Aug 2026

About Technocraft Ventures Limited

Technocraft Ventures is a multidisciplinary public infrastructure development company engaged in the execution of turnkey Engineering, Procurement and Construction (“EPC”) contracts.
Incorporated in 1998, the company started its business in Uttar Pradesh by executing residential building and road construction projects before expanding into wastewater management. The company undertakes turnkey Engineering, Procurement and Construction (EPC) projects. Its operations cover water & wastewater infrastructure, including water supply schemes, sewerage networks, sewerage treatment plants (STPs), wastewater treatment plants (WWTPs), transmission mains, reservoirs, trenchless and micro-tunnelling works.
The company also executes roads and highways projects, electrical transmission projects, urban infrastructure projects such as residential buildings, and provides operation & maintenance (O&M) services for public utility infrastructure. Over the years, it has delivered projects under major government programmes such as AMRUT, JNNURM, UIDSST, Namami Gange, Jal Jeevan Mission and PMGSY.
Technocraft Ventures has also executed infrastructure projects funded by the Asian Development Bank. The company mainly works on projects which are awarded by state governments and government agencies across North and Central India. Its key markets include Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Territory (NCT) of Delhi. In recent years, it has also expanded its presence into Madhya Pradesh, Bihar and Odisha.
As of July 15, 2026, the company had ongoing projects with a balance work value of ₹1,320.7 crore, including O&M contracts. Out of this, ₹917.6 crore represents the unexecuted value of 7 joint venture projects. The total order book stood at ₹1,947.7 crore (excluding taxes), comprising 13 water & wastewater infrastructure projects worth ₹1,856.2 crore, 1 roads and highways project worth ₹66.5 crore and five O&M projects worth ₹24.8 crore. In addition, the company has emerged as the L1 bidder for an AMRUT 2.0 project awarded by the Delhi Jal Board valued at ₹196.4 crore.
Water & Wastewater Infrastructure remained the company's largest business segment, contributing 85.4% of revenue, or ₹294.76 crore, during FY26. Roads and highways contributed 12.8%, or ₹44.4 crore, while O&M contributed 1.6%, or ₹5.7 crore. Urban Infrastructure and Electrical Transmission did not contribute any revenue in FY26, compared with 8.8% and 7.5%, respectively, in FY25. Rajasthan was the company's largest market, contributing 63.1% of revenue in FY26 followed by Uttar Pradesh at 25.5% and Delhi with 10.3%.
Government departments and government agencies contributed 99.98% of the company's revenue in FY26, amounting to ₹344.9 crore. This is much higher than 81.3% in FY25 and 77.1% in FY24, indicating that the company is almost entirely dependent on government projects. Revenue from private sector clients was just 0.02% in FY26, compared to 18.6% in FY25 and 22.9% in FY24. In FY26, Top 10 customers contributed 95.6% of total revenue, with the largest single customer contributing 24.5%. The company had served 19 customers during the year, of which 47.3% were repeat customers on a PAN-wise classification.
As of July 15, 2026, the company had laid more than 1,200 km of sewer pipelines across cities including Kota, Kotputli, Bikaner, Indore, Ghaziabad, Agra, Udaipur, Etah, Pilakhuwa and Jaunpur. Out of this, nearly 750 km has already been commissioned. It has also completed STP projects with capacities of 56 MLD in Ghaziabad, 3 MLD in Pilkhuwa and 40 MLD in Shahjahanpur. These projects are supported by O&M contracts with tenures of up to nearly 10 years. As an independent bidder, it won 13 contracts out of 36 net bids submitted between FY24 and July 2026, resulting in a bid conversion ratio of 36.11%. As the lead partner in joint ventures, it secured 6 projects out of 8 bids. However, it did not win any project when participating only as a non-lead joint venture partner, with 0 awards out of 3 bids.
According to the Central Pollution Control Board (CPCB), urban India generated 72,368 MLD of wastewater during 2020–21, nearly double the 39,604 MLD generated in rural areas. This creates an increasing need for sewage treatment plants, wastewater treatment facilities and modern sewerage infrastructure, particularly in urban areas. By 2050, India’s demand for water is projected to rise to 1,180 billion cubic metres. Of this, nearly 70% is likely to be used for agriculture, around 9% for drinking water, about 7% for industries and around 6% for energy generation.
The Indian government continues to pump money into water and sanitation infrastructure. The Union Budget for FY26-27 has provided around ₹67,670 crore to the Jal Jeevan Mission. AMRUT 2.0 has been allocated ₹8,000 crore for upgrading water security and sewerage management. Together, Jal Jeevan Mission and AMRUT 2.0 provide over ₹3,66,670 crore for funding water and wastewater infrastructure across the country. India has set a target of 500 GW renewable energy capacity by 2030, creating opportunities to integrate solar power into water treatment infrastructure.
Technocraft Ventures is well positioned to benefit from a favourable growth opportunity, given rapid urbanisation and strong government spending on water and wastewater infrastructure. The company’s core water & wastewater infrastructure business revenue in FY26 was ₹294.7 crore, which was 85.4% of FY26 revenue, and the order book in this segment was ₹1,856.28 crore. Government schemes such as Jal Jeevan Mission and AMRUT 2.0 for water security and sewerage management are expected to drive sustained project opportunities. The company plans to target bigger infrastructure projects by focusing on Common Effluent Treatment Plants (CETPs) of 50 MLD capacity and Sewage Treatment Plants (STPs) of 200 MLD capacity to improve profitability and enhance eligibility for bigger contracts. The company has a proven execution track record of laying over 1,200 km of sewer pipelines and completing STPs with capacities from 3 MLD to 56 MLD. This puts the company in a good position to benefit from increasing government investments, expand into new states and secure larger, higher value projects in the long term.
Now, Technocraft Ventures Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹ 202 crore and an offer for sale of ₹50 crore. The total issue size of the IPO is ₹252 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for Technocraft Ventures IPO?

You can pre-apply for Technocraft Ventures IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Technocraft Ventures IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for Technocraft Ventures IPO?

If you are interested in this investment opportunity but unsure how to apply for Technocraft Ventures IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Technocraft Ventures IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Technocraft Ventures IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check the Technocraft Ventures IPO allotment status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Technocraft Ventures IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Technocraft Ventures IPO allotment status will be mentioned

Technocraft Ventures Limited IPO Analysis

IPO REVIEW

Technocraft Ventures IPO | Analysis Video

Should you apply?

Watch our analysts break down the Technocraft Ventures Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Diverse EPC experience

Experience in water, urban and electrical infrastructure. 1,200+ km of pipelines and 99 MLD of STP capacity commissioned which reduces dependence on a single segment.

Execution excellence

Executed an ADB-funded project worth ₹82.81 crore under stringent international standards. The company has 14 government projects and 5 O&M contracts on hand.

Regulatory and technological barrier

Class-A electrical licences in two states and an in-house engineering team consisting of 78 members and micro-tunnelling capabilities provide high barriers to entry.

Strong order book

A healthy order book of ₹1,305.45 crore along with an additional L1 contract worth ₹196.47 crore ensures visibility into the future.

Objectives of Technocraft Ventures Limited IPO

Working capital
74.40%
₹150 crore will be used for incremental working capital.
General corporate purposes
25.50%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹344.99Cr23.53%₹43.31Cr₹839.65Cr14.730.55
This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.871.33
₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.291.36
₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.030.57
₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.811.04

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Technocraft Ventures IPO Contact Details

Company NameTechnocraft Ventures Limited

How to apply for Technocraft Ventures IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Technocraft Ventures Limited IPO FAQs

Investors can apply for the Technocraft Ventures IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Technocraft Ventures IPO is 252 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Technocraft Ventures IPO will be open between 2026-08-07 and 2026-08-11.
Technocraft Ventures IPO allotment date is 2026-08-13. For Technocraft Ventures IPO allotment status check, you can visit the website of the registrar of the IPO.
For Technocraft Ventures IPO, the IPO registrar is BIGSHARE SERVICES PRIVATE LIMITED. You can check Technocraft Ventures IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Technocraft Ventures IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Technocraft Ventures IPO lot size is 70 and minimum order quantity is 70.
Technocraft Ventures IPO has set the price band for its IPO at 212 per equity share with a face value of 10.