Technocraft Ventures has filed its DRHP with SEBI for an IPO, aiming to raise funds for working capital and corporate expansion.
Technocraft Ventures Limited, a New Delhi-based public infrastructure development firm, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds via an initial public offering (IPO). The equity shares are proposed to be listed on both the NSE and BSE.
The IPO includes a fresh issue of 95,05,000 equity shares and an offer for sale of up to 23,76,000 equity shares by promoter selling shareholder Kartikey Constructions. Each share carries a face value of Rs10. Khambatta Securities Limited is the sole Book Running Lead Manager, while Bigshare Services Private Limited is the Registrar.
As per the DRHP, Rs138 crore from the fresh issue will be allocated to working capital requirements, with the remaining proceeds earmarked for general corporate purposes.
Incorporated in 1998, Technocraft Ventures specializes in turnkey Engineering, Procurement and Construction (EPC) contracts across sectors such as:
- Wastewater treatment
- Public utility operations
- Water supply schemes
- Electrical transmission and distribution
- Substations, roads, highways
- Micro tunneling and urban development
The company primarily executes projects for central and state governments in Uttar Pradesh, Uttarakhand, Rajasthan, and Delhi, and has contributed to flagship programs like AMRUT, JNNURM, UIDSST, Namami Gange, Jal Jeevan Mission, and PMGSY. It also undertakes infrastructure works funded by multilateral agencies including the Asian Development Bank.
In FY25, Technocraft Ventures reported:
- Revenue from operations: Rs279.56 crore
- Profit after tax: Rs28.20 crore Compared to FY24 figures of Rs226.10 crore in revenue and Rs19.05 crore in profit.
The company is promoted by Sanjay Tyagi, Rekha Tyagi, and Kartikey Tyagi. Sanjay Tyagi, Managing Director, joined in 2007 after a 17-year tenure with the Ghaziabad Development Authority, and has been instrumental in driving the firm’s growth and diversification.
