The initial public offer (IPO) is a combination of a new issue of a maximum of 95.05 Lakh stock shares and an offer for sale of a maximum of 23.76 Lakh shares by Promoter Kartikey Constructions, according to the Red Herring Prospectus (DRHP) design that was submitted on Friday.
The net proceeds from the new issue up to an amount of RS 138 Crore will be used to finance the working capital requirements of the company and the balance for general business purposes, according to the design papers.
Technocrraft Ventures is included in 1998 and is a multidisciplinary public infrastructure development company that is involved in the implementation of Turnkey Engineering, Purchasing and Building Contracts, including waste water treatment, operation and maintenance of public utilities, electrical transmission and distribution networks.
The company established in Gautam Budha Nagar has carried out projects under important central and the State sponsored schemes, including the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Program and Pradhan Mantri Gram Sadak Yojana.
It also has experience with the implementation of infrastructure projects that are financed by multilateral agencies such as the Asian Development Bank. From June 30, 2025, the Technocrraft order book for current projects was RS 685.83 Crore. Furthermore, the four current projects worth RS 383.86 Crore performs under the Joint Ventures. The company competes with renowned players such as Denta Water, VA Tech Wabag, EMS LTD and Enviro Infra Engineers.
The company reported income from the activities of RS 279.56 Crore and profit after tax on RS 28.20 Crore in FY25.
The shares of the company are proposed to be mentioned on the BSE and the NSE.
Khambatta Securities is the only book Running Lead Manager, while Bigshare Services is the registrar for the IPO.
#Technocrraft #Ventures #Files #IPO #Papers #Sebi #collect #funds #public #issue