Technocraft Ventures IPO
Technocraft Ventures IPO is a mainboard IPO raising ₹252 Cr at ₹200 – ₹212 a share. It listed on 14 Aug 2026 at ₹284, +34.0% against its issue price of ₹212, and trades at ₹483 today (+127.9% since issue). It was subscribed 39× in total.
38.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs212. Checked: exchange issue size Rs252 Cr vs derived Rs251.9 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 35% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| EMS Limited | 24.3× | 8.62% | ₹16.3 |
| VA Tech Wabag Limited | 31.96× | 14.37% | ₹58.72 |
| Enviro Infra Engineers Limited | 20.76× | 15.22% | ₹10.41 |
| Denta Water and Infra Solutions Limited | 14.81× | 13.27% | ₹22.81 |
| This issue | 14.7× | 26.51% | ₹14.39 |
derived: cut-off price Rs212 / stated EPS Rs14.39 (FY2025-26 (year ended March 31, 2026) diluted EPS, restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.