Technocraft Ventures IPO

On August 8, 2025, Technocraft Ventures Ltd. submitted its DRHP for its IPO. The company plans a book-built offering of up to 11,881,000 equity shares, including 9,505,000 new shares and 2,376,000 shares offered for sale by Kartikey Constructions. The lead managers for this IPO are Khambatta Securities Ltd., and the registrar is Bigshare Services.

The price band and subscription dates are yet to be announced. Shares will be listed on both the BSE and NSE.

Company Background

Technocraft Ventures Ltd. was established in 1998 as Technocraft Construction Private Ltd. The company focuses on water and wastewater management projects and plans to become a public entity in 2024. Operations include a registered office in New Delhi and a corporate headquarters in Noida, providing end-to-end engineering solutions.

Operations and Product Range

The company operates on a tender-based model, assisting state and public works departments primarily in Northern India. Key operations include sewage treatment plants (STP), water supply system engineering, road and highway construction, electrical generation projects, and pipeline installation using trenchless technology. It also provides long-term operation and maintenance (O&M) services for public utilities.

Facilities and Capacity

Technocraft Ventures operates from its Noida corporate office and a regional network of facilities. Its supply chain and resource management systems ensure timely project completion across multiple joint ventures, forming a key part of the IPO’s value proposition.

Brands and Market Image

The company has built a strong reputation in the infrastructure sector, recognized for delivering ongoing projects and adhering to high corporate governance standards. Technocraft Ventures aims to leverage its market presence to compete with EMS Ltd. and VA Tech Wabag Ltd.

Revenue Streams and Business Model

Technocraft Ventures generates revenue primarily from Engineering, Procurement, and Construction (EPC) contracts for sewerage systems, potable water, and building projects. Recurring revenues are earned through long-term O&M contracts. The company leverages over 25 years of expertise to target large-scale, state-funded infrastructure projects under national initiatives such as AMRUT.

Management and Shareholding

Promoters include Sanjay Tyagi, Rekha Tyagi, Kartikey Tyagi, Kartikey Constructions, and Sanjay Tyagi HUF. They hold a majority of the pre-offer equity capital, with Kartikey Constructions acting as the selling shareholder offering 2,376,000 shares in the IPO.

Board and Key Management

The board is led by Managing Director Sanjay Tyagi (civil engineer, 35+ years’ experience), Executive Director Rekha Tyagi (26 years in administration & HR), and Whole-Time Director Kartikey Tyagi (University of Pennsylvania graduate, financial strategy). Company Secretary Saket Surolia oversees compliance.