Technocraft Ventures IPO Details

A Complete Investor Guide to the Fresh Issue and Offer for Sale

Technocraft Ventures Limited, a Delhi-based water and wastewater infrastructure and EPC (engineering, procurement and construction) company, is coming out with its initial public offering (IPO). Below is a structured overview of the offer, drawn entirely from the company's Red Herring Prospectus (RHP) dated July 30, 2026, covering everything from the issue structure and timeline to the company's financials and valuation.

1. IPO Snapshot

2. IPO Details

The IPO comprises two components - a Fresh Issue of new Equity Shares by the company, and an Offer for Sale (OFS) by an existing shareholder. The company will receive proceeds only from the Fresh Issue; it will not receive any money from the OFS portion.

Key capital structure figures disclosed in the RHP:

3. IPO Timetable

4. Issue Reservation

As per Regulation 6(1) of the SEBI ICDR Regulations, the offer follows the standard book-built reservation structure across the three main investor categories: Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Bidders (RIB). Within the Non-Institutional Investors category, the RHP specifies a further sub-split:

• One-third of the NII portion is reserved for applications above ₹0.20 million and up to ₹1.00 million.
• Two-thirds of the NII portion is reserved for applications above ₹1.00 million.

5. IPO Lot Size

6. About Technocraft Ventures Ltd.

Technocraft Ventures Limited was originally incorporated on October 21, 1998 as Technocraft Construction Private Limited. The company's name was changed to Technocraft Ventures Private Limited on February 9, 2024, and it was subsequently converted into a public limited company on June 11, 2024, taking its current name, Technocraft Ventures Limited. The company's registered office is in Shakarpur, New Delhi, with a corporate office in Sector-2, Noida, Uttar Pradesh.

Services Per the RHP, Technocraft Ventures operates in the water and wastewater infrastructure / EPC (engineering, procurement and construction) space, with its business largely dependent on contracts awarded under Government of India infrastructure programmes such as AMRUT, the Jal Jeevan Mission, Namami Gange, and PMGSY.

Competitive Strengths

• Order book of ₹12,358.97 million as of FY2026, spread across 18 orders.
• 6 government projects completed in FY2026.
• A tender success ratio of 36.36% in FY2026.

One Risk Factor in the RHP notes that the company's business is largely concentrated in two States, which is a relevant consideration alongside its government-programme dependence.

7. Company Financials (Restated Consolidated)

All figures below are in ₹ million unless otherwise stated, and are drawn from the Restated Consolidated Financial Information (Summary) in the RHP, for the financial years ended March 31, 2026, 2025 and 2024.

Restated Summary Balance Sheet

Restated Summary Statement of Profit and Loss

Restated Summary Statement of Cash Flows

Dividend History

No dividends were declared by the company in FY2026, FY2025 or FY2024, nor in the period between April 1, 2026 and the date of the RHP.

Contingent Liabilities (as at March 31, 2026)

The RHP discloses income tax disputes totalling approximately ₹7.81 million. It also lists several individually disclosed GST disputes; summed together, these come to approximately ₹57.38 million.

8. IPO Objects of the Issue

The company will not receive any proceeds from the Offer for Sale - that portion of the proceeds (net of proportionate offer expenses and taxes) will go entirely to the Promoter Selling Shareholder, Kartikey Constructions. Proceeds from the Fresh Issue are proposed to be used as follows:

9. Key Performance Indicators (KPI)

Financial KPIs

Operational KPIs

10. IPO Valuation

Because the Price Band and Issue Price are yet to be disclosed in the RHP, headline valuation metrics such as market capitalisation and Offer P/E cannot be calculated at this stage. The RHP does, however, disclose the following valuation-relevant figures:

• Diluted EPS (FY2026): ₹14.39
• NAV per Share (FY2026, consolidated): ₹54.28
• RoNW (FY2026): 26.51%
• Weighted average cost of acquisition (WACA) per share for the OFS shares (Kartikey Constructions, the selling shareholder): ₹2.50

Industry Peer P/E (as at July 29, 2026, on Diluted EPS as of March 31, 2026)

Comparison of Accounting Ratios with Listed Industry Peers (FY2026)

Peer financials are on a consolidated basis, sourced from annual results submitted to the stock exchanges; the closing price used is as at July 29, 2026, against Diluted EPS as of March 31, 2026.

11. Shareholding Structure

Promoters

Board of Directors

12. Offer for Sale – Selling Shareholder

The entire Offer for Sale is being made by a single Promoter Selling Shareholder:

As noted above, the company will not receive any proceeds from this portion of the offer; all net proceeds from the OFS will accrue to Kartikey Constructions.

13. IPO Registrar

14. IPO Lead Manager

15. Company Contact Details