Technocraft Ventures IPO Day 3: GMP Soars 14% as Subscription Reaches 4.73x—Is it Time to Buy?

The Technocraft Ventures IPO is currently in its final phase, attracting considerable investor attention amid a strong bidding process. With a total public issue value of Rs 251.88 crore, the IPO’s subscription levels have been impressive, reaching 4.73 times overall by Day 2 of bidding. Specifically, the retail segment was also robust, showing a subscription of 4.12 times against the available shares. The price band for the IPO has been set between Rs 200 and Rs 212 per share, with a minimum investment requirement of Rs 14,840 for retail investors, signaling a strong interest in this offering.

Investor sentiment in the grey market has been positive, with the Grey Market Premium (GMP) rising to around 14%—equating to a potential listing price of approximately Rs 242 per share. This increase from the previous 11% premium indicates a bullish outlook among traders. Market analysts have supported this sentiment by issuing a “Subscribe – Long Term” rating, underlining the IPO’s potential for significant growth. However, while GMP serves as a useful indicator, investors should be cautious since it is subject to fluctuations and does not guarantee actual listing gains.

For Indian investors, the Technocraft Ventures IPO represents an attractive opportunity, particularly for those with a long-term investment horizon. The company’s focus on infrastructure projects, combined with a solid track record of financial performance—including a 54% rise in profit after tax in FY26—positions it favorably within the growing Indian infrastructure sector. While the IPO valuation appears fairly priced relative to its peers, the fundamentals and diversified order book paint a promising picture for future growth, making it a compelling option for investors looking to capitalize on the expanding EPC market in India.

Source: The Economic Times

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