August 3: Technocraft Ventures Limited, a Noida-headquartered integrated public infrastructure development Company, announced that its initial public offering will open for subscription on Friday, August 07, 2026. The anchor investor bidding date is Thursday, August 06, 2026, and the bid/offer will conclude on Tuesday, August 11, 2026. The Company intends to raise INR 251.88 crore at the higher end of the price band from the offering and aims to be listed on the BSE & NSE platforms.
The price band for the offer has been fixed at INR 200-212 per share, and bids can be made for a minimum of 70 equity shares and multiples of 70 equity shares thereafter. Khambatta Securities Limited is the Book Running Lead Manager, and Bigshare Services Private Limited is the Registrar to the offer.
The IPO comprises a Fresh Issue of 9,505,000 equity shares and an Offer for Sale of up to 2,376,000 equity shares by the Promoter Selling Shareholder, Kartikey Constructions , with a face value of INR10 each through book-building route. As many as 3,563,810 equity shares have been reserved for the Anchor investors, 1,782,690 equity shares allocated for the HNI portion, 2,376,150 equity shares for QIBs, and the Retail portion accounts for 4,158,350 equity shares.
According to Red Herring Prospectus, Technocraft Ventures Limited intends to utilize INR150 crores from the proceeds of fresh issue of equity shares, for funding its working capital requirements and the company plans to deploy remaining funds for general corporate purposes and offer expenses.
Incorporated in 1998, the Noida-headquartered company is a multidisciplinary public infrastructure development company engaged in the execution of turnkey Engineering, Procurement and Construction contracts. Company operates across various infrastructure segments, including Water & Wastewater Infrastructure such as Water Supply Scheme Projects , Sewerage Networks, Sewerage Treatment Plants , Wastewater Treatment Plants , Transmission mains, Reservoirs, Trenchless & Micro tunnelling Works, Roads and Highways work, Electrical Transmission work, Urban Infrastructure which includes sector-level planning and execution of residential building projects and Operation and Maintenance of public utilities. Company execute projects primarily for state governments and government agencies across Northern & Central India, including Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Territory of Delhi. Recently, they have expanded their footprint in the State of Madhya Pradesh, Bihar and Odisha.
As of July 15, 2026, the Company’s total order book stands at INR1,320.73 crores with 19 projects under the pipeline. Apart from this, the bid of the Company has also been recently awarded as L1 status by Delhi Jal Board under AMRUT 2.0 valuing INR196.47 crores.
The Company is promoted by Mr. Sanjay Tyagi, Ms. Rekha Tyagi and Mr. Kartikey Tyagi, Kartikey Constructions and Sanjay Tyagi HUF. Its growth and strategic direction have significantly benefited from the leadership of its Promoter and Managing Director, Mr. Sanjay Tyagi, who joined the company in April 2007. His professional journey began at the Ghaziabad Development Authority, where he served as an Engineer for over 17 years. Mr. Tyagi’s expertise in civil engineering and infrastructure development, combined with his extensive experience in government contract procurement and execution, has been crucial to the company’s success. He is responsible for strategic planning, execution oversight, quality control, and project delivery, ensuring the company maintains its high standards of performance.
Technocraft Ventures Limited recorded INR 344.99 crores revenue from operations with a profit of INR 43.32 crores in the financial year 2025-26, compared to INR 279.56 crores revenue from operations and a profit of INR 28.20 crores in the fiscal year 2024-25.