Technocraft Ventures files DRHP with SEBI for IPO; proposes NSE, BSE listing

Technocraft Ventures Limited, a New Delhi-headquartered public infrastructure development company, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The equity shares are proposed to be listed on the NSE and the BSE.

The IPO comprises a fresh issue of 95,05,000 equity shares and an offer for sale of up to 23,76,000 equity shares of face value ₹10 each by promoter selling shareholder Kartikey Constructions (Partnership Firm). Khambatta Securities Limited is the sole Book Running Lead Manager to the issue, while Bigshare Services Private Limited is the Registrar.

According to the DRHP, the company plans to utilize ₹138 crore from the fresh issue proceeds to meet its working capital requirements, with the balance earmarked for general corporate purposes.

Technocraft Ventures, incorporated in 1998, is engaged in executing turnkey Engineering, Procurement and Construction (EPC) contracts across diverse infrastructure segments, including wastewater treatment, operation and maintenance of public utilities, water supply schemes, electrical transmission and distribution, substations, roads and highways, micro tunneling, and urban development projects.

The company executes projects primarily for central and state governments and related agencies in northern India, including Uttar Pradesh, Uttarakhand, Rajasthan, and Delhi. It has undertaken projects under flagship government programmes such as AMRUT, JNNURM, UIDSST, Namami Gange, Jal Jeevan Mission and PMGSY, besides infrastructure works funded by multilateral agencies like the Asian Development Bank.

In FY25, Technocraft Ventures reported revenue from operations of ₹279.56 crore and profit after tax of ₹28.20 crore, against revenue of ₹226.10 crore and profit of ₹19.05 crore in FY24.

The company is promoted by Sanjay Tyagi, Rekha Tyagi and Kartikey Tyagi. Managing Director Sanjay Tyagi, who joined the company in 2007 after serving over 17 years with the Ghaziabad Development Authority, has played a key role in steering its growth and diversification.

Source : Equity Bulls

Keywords

TechnocraftVentures FundRaising IPO SEBI DRHP