About the Company: Turnkey Infrastructure EPC Specialist
Incorporated in October 1998, Technocraft Ventures Ltd. is a public infrastructure development company that undertakes turnkey Engineering, Procurement, and Construction (EPC) projects. The company operates across core infrastructure verticals, executing projects primarily for state government bodies and public sector agencies in northern India, including Uttar Pradesh, Uttarakhand, Rajasthan, and the National Capital Territory of Delhi.
The company’s execution capabilities encompass key infrastructure segments, including:
- Water & Wastewater Infrastructure: Designing and constructing comprehensive water supply networks, sewerage systems, treatment plants, transmission mains, and reservoirs, along with long-term operation and maintenance (O&M) services.
- Roads & Highways: Developing road networks and national highway infrastructure projects.
- Urban Infrastructure: Executing sector-level urban planning and residential building projects.
- Power Distribution: Implementing electrification schemes, constructing power substations, and erecting transmission lines.
- Trenchless & Micro-Tunnelling Works: Deploying advanced micro-tunnelling techniques to lay underground pipelines in dense urban zones with minimal surface disruption.
Technocraft Ventures has executed government-backed projects under major schemes including AMRUT, JNNURM, UIDSST, Namami Gange, Jal Jeevan Mission (JJM), and PMGSY, alongside Asian Development Bank (ADB)-funded projects meeting stringent technical and environmental standards. As of May 31, 2026, the company employed 170 full-time staff, including 78 engineers.
The company’s promoters are Kartikey Constructions (Partnership Firm), Kartikey Tyagi, Rekha Tyagi, Sanjay Tyagi, and Sanjay Tyagi (HUF).
Financial Trends & Performance
Technocraft Ventures Ltd.’s revenue increased by 23% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | ₹354.38 Cr | ₹269.74 Cr | ₹258.05 Cr |
| Total Income | ₹347.00 Cr | ₹281.00 Cr | ₹227.30 Cr |
| Profit After Tax (PAT) | ₹43.32 Cr | ₹28.20 Cr | ₹19.05 Cr |
| EBITDA | ₹72.18 Cr | ₹49.63 Cr | ₹35.03 Cr |
| Net Worth | ₹163.38 Cr | ₹119.98 Cr | ₹91.78 Cr |
| Reserves and Surplus | ₹133.16 Cr | ₹112.42 Cr | ₹84.21 Cr |
| Total Borrowings | ₹89.76 Cr | ₹87.43 Cr | ₹80.11 Cr |
All figures in ₹ Crore | Source: Chittorgarh / DRHP (Restated Consolidated)
Key Performance Indicators & Valuation (FY2026)
Competitive Strengths
- Diversified EPC Portfolio: Broad execution capabilities spanning water supply, power distribution, roadways, and specialized micro-tunnelling.
- Proven Multilateral Execution Track Record: Demonstrated history of completing high-value government and ADB-backed infrastructure programs.
- In-House Technical Capability: Experienced engineering team of 78 specialized professionals supporting project planning and execution.
- Consistent Profitability Expansion: Steady margin growth supported by strong operational controls and prudent debt management.
Issue Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
IPO Structure & Use of Proceeds
The ₹251.88 Cr issue consists of a Fresh Issue of ₹201.51 Cr (95,05,000 shares) and an Offer for Sale of ₹50.37 Cr (23,76,000 shares) by selling promoter Kartikey Constructions. The net fresh proceeds are proposed to be utilized as follows:
- Funding working capital requirements of the Company ₹150.00 Cr
- General Corporate Purposes Balance
Bidding opens on August 7, 2026 and closes on August 11, 2026. Minimum retail application lot size is fixed at 70 shares (₹14,840 based on upper price band).
Technocraft Ventures Limited offers solid exposure to northern India’s expanding public infrastructure buildout across water treatment, urban development, and power distribution.
With a steady financial performance showing PAT expansion to ₹43.32 Cr in FY26, healthy return ratios (ROE of 26.51%), and a reasonable post-IPO P/E valuation of 19.38x, the company presents an interesting opportunity in the civil construction and EPC space. Channeling ₹150 Cr of fresh capital directly into working capital will further boost its project execution capacity.
