Technocraft Ventures Ltd IPO
Status: Closed
Overview
IPO date
07 Aug 2026 to 11 Aug 2026
Face value
₹ 10 per share
Price
₹ 200 to ₹212 per share
Issue Size
11,881,000 shares
(aggregating up to ₹ 251.88 Cr)
(aggregating up to ₹ 251.88 Cr)
Allotment Date
12 Aug 2026
Listing at
NSE
Issue type
Book Building
Sector
Infrastructure Developers & Operators
Unlock Stock of the Month
T&C*
Strengths vs Risks of Technocraft Ventures Ltd
Know the pros & cons
Strengths
- Diversified EPC Capabilities across Core Infrastructure Sectors.
- Execution of High Value Government and Multilateral Funded Projects.
- Regulatory Approved Electrical EPC Capabilities with Statewide Licenses.
- Promoter - Led Business with Strong Execution Capabilities.
- Consistent Revenue Growth and Strengthening Profitability.
Risks
- The company's business is significantly dependent on contracts awarded by Government authorities under Government programmes, and any failures or delay in securing, executing or collecting payments under such contracts could materially and adversely affect its business, financial condition, cash flows and results of operations.
- The company's ability to secure projects is dependent on successful qualification and bidding under government tendering processes, and any failures to qualify or win tenders may adversely affect its order book and financial performance.
- Certain unspent Corporate Social Responsibility ("CSR") amounts pertaining to the Financial Years ended March 31, 2026, March 31, 2025 and March 31, 2024 remain to be utilised in accordance with the provisions of the Companies Act, 2013. Any delay in complying with the applicable CSR requirements may expose the company to regulatory action, penalties and reputational risks.
- There are outstanding legal proceedings involving the Company, Directors, Promoters, Key Managerial Personnel (KMPs) and Senior Managerial Personnel (SMPs) which may adversely affect its business, financial conditions, and results of operations.
- The company's business is largely concentrated in two states ("States") and is affected by various factors associated with these states.
- The Company was incorporated in the year 1998 and, accordingly, certain historical corporate records including forms filed with the Registrar of Companies are not traceable while certain statutory forms were filed with delay with Registrar of Companies. For certain forms its cannot assure you that the company will not be subject to regulatory action or penalties in respect of such matters, which may adversely affect the company's business, financial condition and reputation.
- The company's operations is working capital intensive, and any shortfall or delay in the availability of working capital may adversely affect its project execution, business, financial condition, cash flows and results of operations.
- The company's growth is significantly dependent on leveraging government initiatives in the water and wastewater infrastructure sector and its inability to capitalize on these opportunities could adversely affect the company's business prospects.
- The company's business is subject to seasonal fluctuations that could result in delays or disruptions to its operations during the critical periods of the company's projects and cause severe damages to its premises and equipment's.
- The company relies on its in-house engineering and construction teams and on the continued services of the company's Key Managerial Personnel (KMPs) and Senior Management Personnel (SMPs). Loss of key talent, inability to recruit/retain skilled manpower, or elevated attrition may adversely affect its operations and growth.
- The company is required to furnish bank guarantees as part of its business. The company's inability to arrange such guarantees or the invocation of such guarantees may adversely affect its cash flows and financial condition.
- Failures to meet performance standards or retain skilled staff in the company's Operations and Maintenance (O&M) segment may adversely impact its long-term contracts and client relationships.
- The company's reliance on contract labour introduced through sub-contractors may create operational uncertainties and impact project timelines and cost efficiency.
- The company has entered into, and may continue to enter into, related-party transactions with its Group Company, VVIP Infratech Limited, representing 4.76% and 26.64% of the company's cost of revenue from operations for the Financial Year ended March 31, 2026 and March 31, 2025, respectively. Its cannot assure you that such transactions, individually or in the aggregate, will not have an adverse effect on the company's business, results of operations, financial condition, or cash flows, or that they may potentially involve conflicts of interest.
- The company's Order Book may not be a reliable indicator of its future revenue or profitability, and any delay, modification, or cancellation of projects may materially affect the company's financial performance, liquidity, and cash flows.
- The company cannot assure you that the Objects of the Offer will be achieved within the expected time frame, any variation in the utilisation of the Net Proceeds of the Fresh Issue as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- The company relies on joint venture partners for selective project bids and the execution of certain awarded projects. Failures by such partners to perform their obligations could adversely impact the company's operations, increase its financial and performance-related responsibilities, and reduce the company's profitability.
- The company depends on external suppliers for critical inputs, and any shortfall in their performance could adversely affect its project delivery timelines and quality.
- The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
- The company enters into various contract agreements with its customers for the company's construction projects. Such agreements contain conditions and requirements, the non-fulfilment of which could result in delays or inability to implement and complete its projects as contemplated.
- Destruction, theft, breakdowns of the company's major plants or equipment or failures to repair or maintain the same may adversely affect its business, cash flows, financial condition and results of operations.
- Trade Receivables and Inventories form a substantial part of the company's current assets and net worth. Failures to accurately forecast and manage inventory could result in an unexpected shortfall and/or surplus of raw materials, equipment and manpower, which could affect its business and financial condition.
- The Company has availed Rs. 314.93 million and Rs. 320.04 million as on March 31, 2026 and May 31, 2026 respectively, as unsecured loan which are repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect its cash flow and financial condition.
- Increases in the cost of raw materials, labour, and contract execution charges may impact the company's profitability and cash flows.
- Variations in project execution costs from bid-stage assumptions may result in reduced profitability or losses.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licences in timely manner or comply with such rules and regulations or at all may adversely affect the company's operations.
- Institutional capacity constraints at government and municipal authorities, and evolving regulatory standards may delay inspections, certifications and approvals, adversely affecting billing timelines, costs and cash flows.
- The company's reliance on advanced and rapidly evolving technologies for the design, construction and operation of wastewater treatment plants ("WWTPs") and water supply scheme projects ("WSSPs") exposes the company to the risk of disqualification from tenders and loss of competitiveness.
- The company's government contracts typically contain terms that are more favourable to government authorities. Its limited ability to negotiate such contracts, coupled with provisions permitting unilateral suspension or termination and other onerous obligations, may adversely affect the company's project execution, profitability, financial condition and results of operations.
- Inadequate performance or failures to comply with contractual standards under Operation and Maintenance (O&M) works may result in penalties, termination of contracts, or reputational harm, and could adversely impact the company's business and financial condition.
- The company is presently unable to trace the educational certificates of one of its Director & Promoter, Key Managerial Personnel and certain Senior Management Personnel.
- Potential and perceivable conflict of interest in view of Sanjay Tyagi's prior employment with Ghaziabad Development Authority (GDA) during the period after its incorporation may expose the company to scrutiny and could adversely affect its reputation and business.
- The Company has experienced multiple instances of minor delays in filing of returns required under the CGST Act, 2017, the Employees' Provident Fund and Miscellaneous Provisions Act, 1952.
- The company may be subject to liability claims or claims for damages or termination of contracts for failures to meet project completion timelines or defective work, which may adversely impact its profitability, cash flows, results of operations and reputation.
- Environmental protection policies, legislation, regulations, and judicial directives significantly influence government spending on water reuse solutions. These frameworks are subject to change due to evolving political, social, and economic factors. Amendments to laws and regulations related to environmental protection, water supply, treatment, and discharge may alter the demand for its services. Such changes could materially and adversely impact the company's business, financial condition, and results of operations.
- The company's operations across diverse geographical regions expose the company to executional, regulatory, and logistical challenges that may adversely affect its project performance and financial condition.
- Failures to increase the size of the company's projects or enhance its pre-qualification credentials may negatively impact the company's growth prospects.
- The Company, Promoters, members of Promoter Group and relatives of its Promoters & Promoter Group has mortgaged their personal properties and provided personal guarantees for the company's borrowings to secure its loans. The company's business, financial condition, results of operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal guarantees provided by its Promoters, members of Promoters Group and relatives of the company's Promoters & Promoter Group in connection with the Company's borrowings.
- The company may not be able to successfully protect its brand name and trademark, which may adversely affect the company's business, reputation, and competitive position.
- The company's inability to respond effectively to increasing competition may adversely impact its business, financial condition, and results of operations.
- Industry information included in this Red Herring Prospectus has been derived from an industry report issued by CRISIL Intelligence dated July 2026 ("CRISIL Report"). There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
- Some of the company's borrowings carry restrictive covenants or conditions and could affect its ability to manage the company's business operations.
- The Company has engaged in related party transactions in the past with its Directors, KMPs, members/entities of the Promoter Group and Group Companies and may continue to do so in the future. There can be no assurance that such transactions, individually or in aggregate, will not have an adverse effect on the company's financial condition and results of operations.
- If the company is not successful in managing its growth, the company's business may be disrupted and its profitability may be reduced.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the floor price.
- Any adverse revision to the company's credit rating by rating agencies may adversely affect its ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
- The company's inability to effectively execute its growth strategies, including expansion into Hybrid Annuity Model (HAM) projects and new geographies, could adversely impact the company's business, financial condition, and results of operations.
- The company may not be able to obtain adequate financing on acceptable terms in the future, which could adversely impact its growth plans and business operations.
- Inadequate or insufficient insurance coverage may expose the company to significant losses, liabilities, or regulatory consequences, which could adversely affect its business, financial condition, and results of operations.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholder will receive the Net Proceeds from the Offer for Sale.
- The company's ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- The company's operations may be adversely affected in case of industrial accidents at its construction sites.
- The company cannot assure you that the construction of its projects will be free from any and all defects.
- Water treatment or reuse and zero liquid discharge technology is subject to rapid change. These changes may affect the demand for its services. If the company is unable to keep abreast of the technological changes and new introductions its business, results of operations and financial condition may be adversely affected.
- The company's employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements and the same may results into imposition of criminal proceedings, fines, revocation of regulatory approvals and harm to its reputation, any of which could form a material adverse effect on the company's business.
- If the company is unable to establish and maintain an effective internal control and compliance system, its business and reputation could be adversely affected.
- The company is exposed to the risks of malfunctions or disruptions of information technology systems, which could adversely affect its business operations and financial condition.
- The company's funding requirements and the proposed deployment of Net Proceeds from issue of fresh equity shares ("Net Proceeds") have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.
- Significant differences exist between Ind AS and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar with and may consider material to their assessment of the company's financial condition.
- The company's Promoters and certain members of its Board of Directors hold Equity Shares in the Company and are therefore interested in the company's performance beyond remuneration and reimbursement of expenses.
Technocraft Ventures Ltd Peer Comparison
Understand the company’s industry standing
Technocraft Ventures Limited
EMS Limited
VA Tech Wabag Limited
Face Value
10
10
2
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
344.996
732.747
3944.2
EPS-Basis
14.39
16.3
59.51
EPS-Diluted
14.39
16.3
58.72
NAV Per Share
54.28
190.57
415.11
P/E-Basic EPS
---
24.30
31.96
P/E-Diluted EPS
---
---
---
RONW(%)
26.51
8.62
14.37
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 07 Aug 2026 & closes on 11 Aug 2026.
Technocraft Ventures Limited was originally incorporated as Technocraft Construction Private Limited' as a private Company dated October 21, 1998, issued by the Registrar of Companies, NCT of Delhi & Haryana. Thereafter, the name of Company was changed from Technocraft Construction Private Limited' to Technocraft Ventures Private Limited' dated February 09, 2024. Subsequently, the status was converted into a public Company, the name of Company was changed to Technocraft Ventures Limited', and a fresh certificate of incorporation was issued to Company by the Registrar of Companies, Central Processing Centre, on June 11, 2024.
Technocraft Ventures is a multidisciplinary EPC company specializing in public infrastructure projects across northern India, with a focus on water supply, wastewater treatment, building construction, sewage networks, sewerage, roads and highways and electrification. Company commenced operations in Uttar Pradesh with residential and road construction projects, including the development of planned housing colonies, sector-level layouts, and execution of road construction, widening and strengthening works under Public Works Departments (PWD) and National Highways programs. These early projects laid the foundation for subsequent diversification into wastewater management, water supply, and public utility infrastructure.
In 2008, Company entered into a partnership with M/s Krishna Contractors pursuant to a deed dated August 01, 2008, as 'M/s Krishna-TCPL (J.V.)' to undertake contracting assignments; this partnership was subsequently dissolved with effect from December 31, 2024. In 2009, it further expanded operations by entering the wastewater treatment segment through the formation of M/s Ultratech Engineers, to participate in government contracts in the wastewater infrastructure space.
In 2012, Company diversified into power distribution sector with contract awards from Paschimanchal Vidyut Vitaran Nigam Limited (PVVNL) and Dakshinanchal Vidyut Vitaran Nigam Limited (DVVNL), collectively valued at approximately Rs 891.4 million. In 2016, it acquired the ongoing business of M/s Ultratech Engineers via a business transfer agreement dated June 02, 2016, which had been engaged in executing government infrastructure contracts. The Company entered the multilateral-funded infrastructure projects in 2017 in Udaipur, Rajasthan for sewage network project.
In 2023, Company secured two major AMRUT 2.0 projects in Kota and Bikaner, collectively valued at over Rs 5,500 million. The Company was awarded a major road widening and strengthening project under the PWD UP, valued at over Rs 665 million in FY 2025.
Company is planning the initial public offer by issuing 11,881,000 equity shares of face value of Rs 10 each, comprising a fresh issue of 9,505,000 equity shares and 2,376,000 equity shares through offer for sale.
Technocraft Ventures Ltd IPO will close on 11 Aug 2026.
- Diversified EPC Capabilities across Core Infrastructure Sectors.
- Execution of High Value Government and Multilateral Funded Projects.
- Regulatory Approved Electrical EPC Capabilities with Statewide Licenses.
- Promoter - Led Business with Strong Execution Capabilities.
- Consistent Revenue Growth and Strengthening Profitability.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Sanjay Tyagi | 1212000 | 4.03 | 1212000 | 3.06 |
| 2 | Rekha Tyagi | 395200 | 1.31 | 395200 | 1 |
| 3 | Kartikey Tyagi | 600000 | 1.99 | 600000 | 1.51 |
| 4 | Kartikey Constructions (Partne | 24990000 | 83.02 | 22614000 | 57.1 |
| 5 | Sanjay Tyagi HUF | 2114200 | 7.02 | 2114200 | 5.34 |
| 6 | Vartika Tyagi | 429800 | 1.43 | 429800 | 1.09 |
| 7 | Technocraft Developers Priva | 360000 | 1.2 | 360000 | 0.91 |
- The company's business is significantly dependent on contracts awarded by Government authorities under Government programmes, and any failures or delay in securing, executing or collecting payments under such contracts could materially and adversely affect its business, financial condition, cash flows and results of operations.
- The company's ability to secure projects is dependent on successful qualification and bidding under government tendering processes, and any failures to qualify or win tenders may adversely affect its order book and financial performance.
- Certain unspent Corporate Social Responsibility ("CSR") amounts pertaining to the Financial Years ended March 31, 2026, March 31, 2025 and March 31, 2024 remain to be utilised in accordance with the provisions of the Companies Act, 2013. Any delay in complying with the applicable CSR requirements may expose the company to regulatory action, penalties and reputational risks.
- There are outstanding legal proceedings involving the Company, Directors, Promoters, Key Managerial Personnel (KMPs) and Senior Managerial Personnel (SMPs) which may adversely affect its business, financial conditions, and results of operations.
- The company's business is largely concentrated in two states ("States") and is affected by various factors associated with these states.
- The Company was incorporated in the year 1998 and, accordingly, certain historical corporate records including forms filed with the Registrar of Companies are not traceable while certain statutory forms were filed with delay with Registrar of Companies. For certain forms its cannot assure you that the company will not be subject to regulatory action or penalties in respect of such matters, which may adversely affect the company's business, financial condition and reputation.
- The company's operations is working capital intensive, and any shortfall or delay in the availability of working capital may adversely affect its project execution, business, financial condition, cash flows and results of operations.
- The company's growth is significantly dependent on leveraging government initiatives in the water and wastewater infrastructure sector and its inability to capitalize on these opportunities could adversely affect the company's business prospects.
- The company's business is subject to seasonal fluctuations that could result in delays or disruptions to its operations during the critical periods of the company's projects and cause severe damages to its premises and equipment's.
- The company relies on its in-house engineering and construction teams and on the continued services of the company's Key Managerial Personnel (KMPs) and Senior Management Personnel (SMPs). Loss of key talent, inability to recruit/retain skilled manpower, or elevated attrition may adversely affect its operations and growth.
- The company is required to furnish bank guarantees as part of its business. The company's inability to arrange such guarantees or the invocation of such guarantees may adversely affect its cash flows and financial condition.
- Failures to meet performance standards or retain skilled staff in the company's Operations and Maintenance (O&M) segment may adversely impact its long-term contracts and client relationships.
- The company's reliance on contract labour introduced through sub-contractors may create operational uncertainties and impact project timelines and cost efficiency.
- The company has entered into, and may continue to enter into, related-party transactions with its Group Company, VVIP Infratech Limited, representing 4.76% and 26.64% of the company's cost of revenue from operations for the Financial Year ended March 31, 2026 and March 31, 2025, respectively. Its cannot assure you that such transactions, individually or in the aggregate, will not have an adverse effect on the company's business, results of operations, financial condition, or cash flows, or that they may potentially involve conflicts of interest.
- The company's Order Book may not be a reliable indicator of its future revenue or profitability, and any delay, modification, or cancellation of projects may materially affect the company's financial performance, liquidity, and cash flows.
- The company cannot assure you that the Objects of the Offer will be achieved within the expected time frame, any variation in the utilisation of the Net Proceeds of the Fresh Issue as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- The company relies on joint venture partners for selective project bids and the execution of certain awarded projects. Failures by such partners to perform their obligations could adversely impact the company's operations, increase its financial and performance-related responsibilities, and reduce the company's profitability.
- The company depends on external suppliers for critical inputs, and any shortfall in their performance could adversely affect its project delivery timelines and quality.
- The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
- The company enters into various contract agreements with its customers for the company's construction projects. Such agreements contain conditions and requirements, the non-fulfilment of which could result in delays or inability to implement and complete its projects as contemplated.
- Destruction, theft, breakdowns of the company's major plants or equipment or failures to repair or maintain the same may adversely affect its business, cash flows, financial condition and results of operations.
- Trade Receivables and Inventories form a substantial part of the company's current assets and net worth. Failures to accurately forecast and manage inventory could result in an unexpected shortfall and/or surplus of raw materials, equipment and manpower, which could affect its business and financial condition.
- The Company has availed Rs. 314.93 million and Rs. 320.04 million as on March 31, 2026 and May 31, 2026 respectively, as unsecured loan which are repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect its cash flow and financial condition.
- Increases in the cost of raw materials, labour, and contract execution charges may impact the company's profitability and cash flows.
- Variations in project execution costs from bid-stage assumptions may result in reduced profitability or losses.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licences in timely manner or comply with such rules and regulations or at all may adversely affect the company's operations.
- Institutional capacity constraints at government and municipal authorities, and evolving regulatory standards may delay inspections, certifications and approvals, adversely affecting billing timelines, costs and cash flows.
- The company's reliance on advanced and rapidly evolving technologies for the design, construction and operation of wastewater treatment plants ("WWTPs") and water supply scheme projects ("WSSPs") exposes the company to the risk of disqualification from tenders and loss of competitiveness.
- The company's government contracts typically contain terms that are more favourable to government authorities. Its limited ability to negotiate such contracts, coupled with provisions permitting unilateral suspension or termination and other onerous obligations, may adversely affect the company's project execution, profitability, financial condition and results of operations.
- Inadequate performance or failures to comply with contractual standards under Operation and Maintenance (O&M) works may result in penalties, termination of contracts, or reputational harm, and could adversely impact the company's business and financial condition.
- The company is presently unable to trace the educational certificates of one of its Director & Promoter, Key Managerial Personnel and certain Senior Management Personnel.
- Potential and perceivable conflict of interest in view of Sanjay Tyagi's prior employment with Ghaziabad Development Authority (GDA) during the period after its incorporation may expose the company to scrutiny and could adversely affect its reputation and business.
- The Company has experienced multiple instances of minor delays in filing of returns required under the CGST Act, 2017, the Employees' Provident Fund and Miscellaneous Provisions Act, 1952.
- The company may be subject to liability claims or claims for damages or termination of contracts for failures to meet project completion timelines or defective work, which may adversely impact its profitability, cash flows, results of operations and reputation.
- Environmental protection policies, legislation, regulations, and judicial directives significantly influence government spending on water reuse solutions. These frameworks are subject to change due to evolving political, social, and economic factors. Amendments to laws and regulations related to environmental protection, water supply, treatment, and discharge may alter the demand for its services. Such changes could materially and adversely impact the company's business, financial condition, and results of operations.
- The company's operations across diverse geographical regions expose the company to executional, regulatory, and logistical challenges that may adversely affect its project performance and financial condition.
- Failures to increase the size of the company's projects or enhance its pre-qualification credentials may negatively impact the company's growth prospects.
- The Company, Promoters, members of Promoter Group and relatives of its Promoters & Promoter Group has mortgaged their personal properties and provided personal guarantees for the company's borrowings to secure its loans. The company's business, financial condition, results of operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal guarantees provided by its Promoters, members of Promoters Group and relatives of the company's Promoters & Promoter Group in connection with the Company's borrowings.
- The company may not be able to successfully protect its brand name and trademark, which may adversely affect the company's business, reputation, and competitive position.
- The company's inability to respond effectively to increasing competition may adversely impact its business, financial condition, and results of operations.
- Industry information included in this Red Herring Prospectus has been derived from an industry report issued by CRISIL Intelligence dated July 2026 ("CRISIL Report"). There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
- Some of the company's borrowings carry restrictive covenants or conditions and could affect its ability to manage the company's business operations.
- The Company has engaged in related party transactions in the past with its Directors, KMPs, members/entities of the Promoter Group and Group Companies and may continue to do so in the future. There can be no assurance that such transactions, individually or in aggregate, will not have an adverse effect on the company's financial condition and results of operations.
- If the company is not successful in managing its growth, the company's business may be disrupted and its profitability may be reduced.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the floor price.
- Any adverse revision to the company's credit rating by rating agencies may adversely affect its ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
- The company's inability to effectively execute its growth strategies, including expansion into Hybrid Annuity Model (HAM) projects and new geographies, could adversely impact the company's business, financial condition, and results of operations.
- The company may not be able to obtain adequate financing on acceptable terms in the future, which could adversely impact its growth plans and business operations.
- Inadequate or insufficient insurance coverage may expose the company to significant losses, liabilities, or regulatory consequences, which could adversely affect its business, financial condition, and results of operations.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholder will receive the Net Proceeds from the Offer for Sale.
- The company's ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- The company's operations may be adversely affected in case of industrial accidents at its construction sites.
- The company cannot assure you that the construction of its projects will be free from any and all defects.
- Water treatment or reuse and zero liquid discharge technology is subject to rapid change. These changes may affect the demand for its services. If the company is unable to keep abreast of the technological changes and new introductions its business, results of operations and financial condition may be adversely affected.
- The company's employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements and the same may results into imposition of criminal proceedings, fines, revocation of regulatory approvals and harm to its reputation, any of which could form a material adverse effect on the company's business.
- If the company is unable to establish and maintain an effective internal control and compliance system, its business and reputation could be adversely affected.
- The company is exposed to the risks of malfunctions or disruptions of information technology systems, which could adversely affect its business operations and financial condition.
- The company's funding requirements and the proposed deployment of Net Proceeds from issue of fresh equity shares ("Net Proceeds") have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.
- Significant differences exist between Ind AS and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar with and may consider material to their assessment of the company's financial condition.
- The company's Promoters and certain members of its Board of Directors hold Equity Shares in the Company and are therefore interested in the company's performance beyond remuneration and reimbursement of expenses.
The Issue type of Technocraft Ventures Ltd is Book Building.
The minimum application for shares of Technocraft Ventures Ltd is 70.
The total shares issue of Technocraft Ventures Ltd is 11881000.
Initial public offering of up to 11,881,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Technocraft Ventures Limited ("the Company" or the "Issuer") for cash at a price of Rs. 212 per equity share ("Offer Price") (Including a Premium of Rs. 202 per Equity Share) aggregating up to Rs. 251.88 Crores (the "Offer"). The offer comprises of a fresh issue of up to 9,505,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 201.51 Crores by the company (the "Fresh Issue") and an offer for sale of up to 2,376,000 equity shares by Kartikey Constructions (Partnership Firm) (the "Promoter Selling Shareholder") and referred to as, the "Selling Shareholder" (the "Offer for Sale"). The offer would constitute 30.00% of the post-offer paid-up equity share capital.
Price Band: Rs. 212 per equity share of face value of Rs. 10 each.
The floor price is 21.20 times of the face value of the equity shares.
Bids can be made for a minimum quantity of 70 equity shares of face value of Rs. 10 each and in multiples of 70 equity shares of face value of Rs. 10 each thereafter.