📞Call us
+91 80629 16290
Technocraft Ventures Ltd IPO
Status: Upcoming
Overview
IPO date
07 Aug 2026 to 11 Aug 2026
Face value
₹ 10 per share
Price
₹ 0 per share
Issue Size
11,881,000 shares
(aggregating up to ₹ 0 Cr)
(aggregating up to ₹ 0 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
- Our business is significantly dependent on contracts awarded by Government authorities under Government programmes, and any failure or delay in securing, executing or collecting payments under such contracts could materially and adversely affect our business, financial condition, cash flows and results of operations.
- Our ability to secure projects is dependent on successful qualification and bidding under government tendering processes, and any failure to qualify or win tenders may adversely affect our 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 us to regulatory action, penalties and reputational risks.
- There are outstanding legal proceedings involving our Company, Directors, Promoters, Key Managerial Personnel (KMPs) and Senior Managerial Personnel (SMPs) which may adversely affect our business, financial conditions, and results of operations.
- Our business is largely concentrated in two states ("States") and is affected by various factors associated with these states.
- Our 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 we cannot assure you that we will not be subject to regulatory action or penalties in respect of such matters, which may adversely affect our business, financial condition and reputation.
- Our operations are working capital intensive, and any shortfall or delay in the availability of working capital may adversely affect our project execution, business, financial condition, cash flows and results of operations.
- Our growth is significantly dependent on leveraging government initiatives in the water and wastewater infrastructure sector and our inability to capitalize on these opportunities could adversely affect our business prospects.
- Our business is subject to seasonal fluctuations that could result in delays or disruptions to our operations during the critical periods of our projects and cause severe damages to our premises and equipment's.
- We rely on our in-house engineering and construction teams and on the continued services of our 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 our operations and growth.
- We are required to furnish bank guarantees as part of our business. Our inability to arrange such guarantees or the invocation of such guarantees may adversely affect our cash flows and financial condition.
- Failure to meet performance standards or retain skilled staff in our Operations and Maintenance (O&M) segment may adversely impact our long-term contracts and client relationships.
- Our reliance on contract labour introduced through sub-contractors may create operational uncertainties and impact project timelines and cost efficiency.
- We have entered into, and may continue to enter into, related-party transactions with our Group Company, VVIP Infratech Limited, representing 4.76% and 26.64% of our cost of revenue from operations for the Financial Year ended March 31, 2026 and March 31, 2025, respectively. We cannot assure you that such transactions, individually or in the aggregate, will not have an adverse effect on our business, results of operations, financial condition, or cash flows, or that they may potentially involve conflicts of interest.
- Our Order Book may not be a reliable indicator of our future revenue or profitability, and any delay, modification, or cancellation of projects may materially affect our financial performance, liquidity, and cash flows.
- We 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.
- We rely on joint venture partners for selective project bids and the execution of certain awarded projects. Failure by such partners to perform their obligations could adversely impact our operations, increase our financial and performance-related responsibilities, and reduce our profitability.
- We depend on external suppliers for critical inputs, and any shortfall in their performance could adversely affect our project delivery timelines and quality.
- We have certain contingent liabilities, which, if materialized, may affect our financial condition and results of operations.
- We enter into various contract agreements with our customers for our construction projects. Such agreements contain conditions and requirements, the non-fulfilment of which could result in delays or inability to implement and complete our projects as contemplated.
- Destruction, theft, breakdowns of our major plants or equipment or failures to repair or maintain the same may adversely affect our business, cash flows, financial condition and results of operations.
- Trade Receivables and Inventories form a substantial part of our current assets and net worth. Failure to accurately forecast and manage inventory could result in an unexpected shortfall and/ or surplus of raw materials, equipment and manpower, which could affect our business and financial condition.
- Our 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 our cash flow and financial condition.
- Increases in the cost of raw materials, labour, and contract execution charges may impact our profitability and cash flows.
- Variations in project execution costs from bid-stage assumptions may result in reduced profitability or losses.
- We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, and the failure 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 our 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.
- Our 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 us to the risk of disqualification from tenders and loss of competitiveness.
- Our government contracts typically contain terms that are more favourable to government authorities. Our limited ability to negotiate such contracts, coupled with provisions permitting unilateral suspension or termination and other onerous obligations, may adversely affect our project execution, profitability, financial condition and results of operations.
- Inadequate performance or failure 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 our business and financial condition.
- We are presently unable to trace the educational certificates of one of our Director & Promoter, Key Managerial Personnel and certain Senior Management Personnel.
- Potential and perceivable conflict of interest in view of Mr. Sanjay Tyagi's prior employment with Ghaziabad Development Authority (GDA) during the period after our incorporation may expose us to scrutiny and could adversely affect our reputation and business.
- Our 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.
- We may be subject to liability claims or claims for damages or termination of contracts for failure to meet project completion timelines or defective work, which may adversely impact our 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 our services. Such changes could materially and adversely impact our business, financial condition, and results of operations.
- Our operations across diverse geographical regions expose us to executional, regulatory, and logistical challenges that may adversely affect our project performance and financial condition.
- Failure to increase the size of our projects or enhance our pre-qualification credentials may negatively impact our growth prospects.
- Our Company, Promoters, members of Promoter Group and relatives of our Promoters & Promoter Group have mortgaged their personal properties and provided personal guarantees for our borrowings to secure our loans. Our 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 our Promoters, members of Promoters Group and relatives of our Promoters & Promoter Group in connection with our Company's borrowings.
- We may not be able to successfully protect our brand name and trademark, which may adversely affect our business, reputation, and competitive position.
- Our inability to respond effectively to increasing competition may adversely impact our 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.
- 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.
- Our Company has engaged in related party transactions in the past with our 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 our financial condition and results of operations.
- If we are not successful in managing our growth, our business may be disrupted and our profitability may be reduced.
- The average cost of acquisition of Equity Shares by our Promoters is lower than the floor price.
- Any adverse revision to our credit rating by rating agencies may adversely affect our ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
- Any adverse revision to our credit rating by rating agencies may adversely affect our ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
- We may not be able to obtain adequate financing on acceptable terms in the future, which could adversely impact our growth plans and business operations.
- Inadequate or insufficient insurance coverage may expose us to significant losses, liabilities, or regulatory consequences, which could adversely affect our business, financial condition, and results of operations.
- Inadequate or insufficient insurance coverage may expose us to significant losses, liabilities, or regulatory consequences, which could adversely affect our business, financial condition, and results of operations.
- Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Our operations may be adversely affected in case of industrial accidents at our construction sites.
- We cannot assure you that the construction of our 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 our services. If we are unable to keep abreast of the technological changes and new introductions our business, results of operations and financial condition may be adversely affected.
- Our 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 our reputation, any of which could form a material adverse effect on our business.
- If we are unable to establish and maintain an effective internal control and compliance system, our business and reputation could be adversely affected.
- We are exposed to the risks of malfunctions or disruptions of information technology systems, which could adversely affect our business operations and financial condition.
- Our 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 our 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 our financial condition.
- Our Promoters and certain members of our Board of Directors hold Equity Shares in our Company and are therefore interested in our 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
---
---
---
How to check the allotment status of Technocraft Ventures Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT AnalysisRead More
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%Read More
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details HereRead More
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!Read More
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!Read More
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowRead MoreOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchRead MoreMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 07 Aug 2026 & closes on 11 Aug 2026.
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 | 2.89 |
| 2 | Rekha Tyagi | 395200 | 1.31 | 395200 | 0.94 |
| 3 | Kartikey Tyagi | 600000 | 1.99 | 600000 | 1.43 |
| 4 | Kartikey Constructions (Partne | 24990000 | 83.02 | 22614000 | 53.87 |
| 5 | Sanjay Tyagi HUF | 2114200 | 7.02 | 2114200 | 5.04 |
| 6 | Vartika Tyagi | 429800 | 1.43 | 429800 | 1.02 |
| 7 | Technocraft Developers Priva | 360000 | 1.2 | 360000 | 0.86 |
- Our business is significantly dependent on contracts awarded by Government authorities under Government programmes, and any failure or delay in securing, executing or collecting payments under such contracts could materially and adversely affect our business, financial condition, cash flows and results of operations.
- Our ability to secure projects is dependent on successful qualification and bidding under government tendering processes, and any failure to qualify or win tenders may adversely affect our 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 us to regulatory action, penalties and reputational risks.
- There are outstanding legal proceedings involving our Company, Directors, Promoters, Key Managerial Personnel (KMPs) and Senior Managerial Personnel (SMPs) which may adversely affect our business, financial conditions, and results of operations.
- Our business is largely concentrated in two states ("States") and is affected by various factors associated with these states.
- Our 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 we cannot assure you that we will not be subject to regulatory action or penalties in respect of such matters, which may adversely affect our business, financial condition and reputation.
- Our operations are working capital intensive, and any shortfall or delay in the availability of working capital may adversely affect our project execution, business, financial condition, cash flows and results of operations.
- Our growth is significantly dependent on leveraging government initiatives in the water and wastewater infrastructure sector and our inability to capitalize on these opportunities could adversely affect our business prospects.
- Our business is subject to seasonal fluctuations that could result in delays or disruptions to our operations during the critical periods of our projects and cause severe damages to our premises and equipment's.
- We rely on our in-house engineering and construction teams and on the continued services of our 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 our operations and growth.
- We are required to furnish bank guarantees as part of our business. Our inability to arrange such guarantees or the invocation of such guarantees may adversely affect our cash flows and financial condition.
- Failure to meet performance standards or retain skilled staff in our Operations and Maintenance (O&M) segment may adversely impact our long-term contracts and client relationships.
- Our reliance on contract labour introduced through sub-contractors may create operational uncertainties and impact project timelines and cost efficiency.
- We have entered into, and may continue to enter into, related-party transactions with our Group Company, VVIP Infratech Limited, representing 4.76% and 26.64% of our cost of revenue from operations for the Financial Year ended March 31, 2026 and March 31, 2025, respectively. We cannot assure you that such transactions, individually or in the aggregate, will not have an adverse effect on our business, results of operations, financial condition, or cash flows, or that they may potentially involve conflicts of interest.
- Our Order Book may not be a reliable indicator of our future revenue or profitability, and any delay, modification, or cancellation of projects may materially affect our financial performance, liquidity, and cash flows.
- We 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.
- We rely on joint venture partners for selective project bids and the execution of certain awarded projects. Failure by such partners to perform their obligations could adversely impact our operations, increase our financial and performance-related responsibilities, and reduce our profitability.
- We depend on external suppliers for critical inputs, and any shortfall in their performance could adversely affect our project delivery timelines and quality.
- We have certain contingent liabilities, which, if materialized, may affect our financial condition and results of operations.
- We enter into various contract agreements with our customers for our construction projects. Such agreements contain conditions and requirements, the non-fulfilment of which could result in delays or inability to implement and complete our projects as contemplated.
- Destruction, theft, breakdowns of our major plants or equipment or failures to repair or maintain the same may adversely affect our business, cash flows, financial condition and results of operations.
- Trade Receivables and Inventories form a substantial part of our current assets and net worth. Failure to accurately forecast and manage inventory could result in an unexpected shortfall and/ or surplus of raw materials, equipment and manpower, which could affect our business and financial condition.
- Our 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 our cash flow and financial condition.
- Increases in the cost of raw materials, labour, and contract execution charges may impact our profitability and cash flows.
- Variations in project execution costs from bid-stage assumptions may result in reduced profitability or losses.
- We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, and the failure 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 our 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.
- Our 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 us to the risk of disqualification from tenders and loss of competitiveness.
- Our government contracts typically contain terms that are more favourable to government authorities. Our limited ability to negotiate such contracts, coupled with provisions permitting unilateral suspension or termination and other onerous obligations, may adversely affect our project execution, profitability, financial condition and results of operations.
- Inadequate performance or failure 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 our business and financial condition.
- We are presently unable to trace the educational certificates of one of our Director & Promoter, Key Managerial Personnel and certain Senior Management Personnel.
- Potential and perceivable conflict of interest in view of Mr. Sanjay Tyagi's prior employment with Ghaziabad Development Authority (GDA) during the period after our incorporation may expose us to scrutiny and could adversely affect our reputation and business.
- Our 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.
- We may be subject to liability claims or claims for damages or termination of contracts for failure to meet project completion timelines or defective work, which may adversely impact our 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 our services. Such changes could materially and adversely impact our business, financial condition, and results of operations.
- Our operations across diverse geographical regions expose us to executional, regulatory, and logistical challenges that may adversely affect our project performance and financial condition.
- Failure to increase the size of our projects or enhance our pre-qualification credentials may negatively impact our growth prospects.
- Our Company, Promoters, members of Promoter Group and relatives of our Promoters & Promoter Group have mortgaged their personal properties and provided personal guarantees for our borrowings to secure our loans. Our 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 our Promoters, members of Promoters Group and relatives of our Promoters & Promoter Group in connection with our Company's borrowings.
- We may not be able to successfully protect our brand name and trademark, which may adversely affect our business, reputation, and competitive position.
- Our inability to respond effectively to increasing competition may adversely impact our 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.
- 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.
- Our Company has engaged in related party transactions in the past with our 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 our financial condition and results of operations.
- If we are not successful in managing our growth, our business may be disrupted and our profitability may be reduced.
- The average cost of acquisition of Equity Shares by our Promoters is lower than the floor price.
- Any adverse revision to our credit rating by rating agencies may adversely affect our ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
- Any adverse revision to our credit rating by rating agencies may adversely affect our ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
- We may not be able to obtain adequate financing on acceptable terms in the future, which could adversely impact our growth plans and business operations.
- Inadequate or insufficient insurance coverage may expose us to significant losses, liabilities, or regulatory consequences, which could adversely affect our business, financial condition, and results of operations.
- Inadequate or insufficient insurance coverage may expose us to significant losses, liabilities, or regulatory consequences, which could adversely affect our business, financial condition, and results of operations.
- Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Our operations may be adversely affected in case of industrial accidents at our construction sites.
- We cannot assure you that the construction of our 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 our services. If we are unable to keep abreast of the technological changes and new introductions our business, results of operations and financial condition may be adversely affected.
- Our 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 our reputation, any of which could form a material adverse effect on our business.
- If we are unable to establish and maintain an effective internal control and compliance system, our business and reputation could be adversely affected.
- We are exposed to the risks of malfunctions or disruptions of information technology systems, which could adversely affect our business operations and financial condition.
- Our 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 our 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 our financial condition.
- Our Promoters and certain members of our Board of Directors hold Equity Shares in our Company and are therefore interested in our 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 0.
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. [*] per equity share ("Offer Price") (Including a Premium of Rs. [*] per Equity Share) aggregating up to Rs. [*] 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. [*] 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 [*]% of the post-offer paid-up equity share capital.
The face value of the equity shares is Rs. 10/- each and the offer price is [*] times the face value of the equity shares.
The price band and the minimum bid lot size will be decided by the company.