Technocraft Ventures Sets IPO Price Band Ahead of August 7 Opening: Check GMP and Key Details!

Noida-based infrastructure developer Technocraft Ventures Limited is set to launch its initial public offering (IPO) with a price band ranging from Rs 200 to Rs 212 per share. The public subscription period will commence on Friday, August 7, and conclude on Tuesday, August 11, 2026. Prior to this, the anchor investor bidding is scheduled for Thursday, August 6. By targeting the upper end of the price band, the company anticipates raising approximately Rs 251.88 crore. Shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with retail investors allowed to apply for a minimum of 70 equity shares, and thereafter in multiples of 70 shares.

As the IPO approaches, grey market sentiment appears optimistic, as indicated by the current Grey Market Premium (GMP) of Rs 11, which represents roughly 5% above the upper price threshold of Rs 212. This places the indicative listing price at around Rs 223 per share. Such a positive GMP suggests that investor confidence is high, anticipating a strong debut for Technocraft Ventures Limited. The company’s public offering consists of a fresh issue of 95.05 lakh equity shares, complemented by an offer for sale (OFS) of up to 23.76 lakh shares from the promoter entity, Kartikey Constructions.

The proceeds from the IPO will predominantly be utilized to address working capital requirements, alongside covering issue expenses and general corporate needs. With a current order book of Rs 1,320.73 crore and a focus on multiple infrastructure segments, Technocraft Ventures’ robust performance in FY26—showing an operational revenue increase to Rs 344.99 crore and a net profit jump to Rs 43.32 crore—is encouraging for potential investors. Given the company’s strategic expansion and solid track record, this IPO presents an intriguing opportunity for Indian investors looking to participate in the growing infrastructure sector.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)