Technocraft Ventures files ₹252 crore IPO to tap India’s water infrastructure boom
The anchor book opened on August 6, with Khambatta Securities Limited as the lead manager; Shares will be listed on both BSE and NSE
Technocraft Ventures Limited is set to launch its initial public offering (IPO) on Friday, August 7, 2026, with the shares slated to trade on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under the listing on both platforms. The Noida-based infrastructure firm is seeking to raise up to ₹252 crore through a mix of new equity shares and share sale, priced between ₹200 and ₹212 per share, with a minimum issuance lot of 70 shares.
The anchor broker for the offering is Khambatta Securities Limited. Technocraft plans to utilize the fresh capital for working capital needs, while the balance will be allocated to general corporate activities and IPO-related expenses. Established in 1998, the company specializes in turnkey Engineering, Procurement, and Construction (EPC) projects in key sectors such as water supply, sewage treatment, power transmission and distribution, and road construction, with a geographical focus on six states in northern India.
The company has a strong track record, having completed 18 projects worth ₹9,307.46 million in the past five years and maintaining an order book of ₹13,207.32 million across 19 ongoing projects that amount to roughly 3.85 times its FY26 revenue. Technocraft's financial performance has also been robust, with revenue growing from ₹2,261 million in FY24 to ₹3,449.96 million in FY26, representing a two-year compound annual growth rate (CAGR) of approximately 23.5 per cent.
The company reported an EBITDA of ₹721.75 million and net profit of ₹433.15 million for FY26, with return on equity and capital employed at 26.51 per cent and 27.72 per cent, respectively.
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