Global Markets
Home›Global Markets›India›Technocraft Ventures IPO sees higher subscription ahea…
Technocraft Ventures IPO sees higher subscription ahead of listing
The infrastructure company raised ₹75.55 crore from anchor investors and set a price band of ₹200-212 per share, with listing expected on August 14.
Technocraft Ventures Ltd, an engineering, procurement and construction firm focused on public infrastructure, saw its IPO subscribed 4.73 times on the second day of bidding, up from 2.59 times on day one, according to LiveMint Markets.
The IPO subscription runs Friday, 7 August, through Tuesday, 11 August. The company fixed the IPO price band at ₹200-212 per share and said it raised ₹75.55 crore from anchor investors ahead of the offer.
Technocraft Ventures is headquartered in India and primarily undertakes projects for state governments and government agencies across Uttar Pradesh, Uttarakhand, Rajasthan and Delhi, with expansion into Madhya Pradesh, Bihar and Odisha. In FY26, revenue from operations rose to ₹344.99 crore from ₹279.56 crore in FY25, while profit after tax increased to ₹43.32 crore from ₹28.20 crore.
The IPO lot size is 70 equity shares, with bids allowed in multiples of 70. Basis of allotment is scheduled for Wednesday, August 12, refunds are expected to begin Thursday, August 13, and shares are slated to be credited that day, with listing on BSE and NSE expected on Friday, August 14. LiveMint Markets also cited grey market indications, with the GMP noted at +30.