Technocraft Ventures IPO Day 2: GMP jumps! Subscription status, review, other details — apply or not?
Technocraft Ventures IPO GMP today: According to Investorgain, the company shares are available at a premium of ₹21 in the grey market today
Technocraft Ventures IPO Day 2: The initial public offering (IPO) of Technocraft Ventures Ltd hit the Indian Primary Market last Friday and will remain open until 11 August 2026. The company management has offered Technocraft Ventures shares at a price band of ₹200 to ₹212 per equity share. The company aims to raise ₹252 crore, which means the Technocraft Ventures IPO size is ₹252 crore. The book-build issue comprises both fresh shares and an Offer for Sale (OFS). The public issue is proposed for listing on the BSE and NSE exchanges. Meanwhile, the company's shares are available in the grey market.
Technocraft Ventures IPO GMP today
According to Investorgain, the company shares are available at a premium of ₹21 in the grey market today. This means Technocraft Ventures' IPO GMP (Grey Market Premium) today is ₹21, up ₹11 from Thursday's ₹10.
Technocraft Ventures IPO subscription status
By 4:36 PM on day 1 of bidding, the public issue had been booked 4.68 times, the retail portion had been subscribed 4.03 times, whereas the NII segment had been filled 6.41 times. The QIB portion had been subscribed to 4.50 times.
Technocraft Ventures IPO review
Whether one should apply for the public issue or not, Anand Rathi said, "At the upper price band, the company is valued at a P/E of 19.4x based on its FY26 annualised EPS of ₹14.39, implying a post-issue market capitalisation of approximately ₹8,397 million. Its diversified order book, expanding geographical presence and integrated EPC capabilities provide visibility for long-term growth. However, considering the proposed valuation relative to listed peers, the IPO appears fairly valued."
Sushil Financial Services has also assigned an ‘apply’ tag to the book-building issue, saying, “Backed by strong revenue/profit growth, pure working-capital deployment for order book expansion, light debt reliance, and competitive relative valuation against peers.”
Beacon Capital Advisors and Swastika Investmart have also assigned a ‘subscribe’ tag to the book-building issue.
Technocraft Ventures IPO details
The company aims to raise ₹252 crore; of this, ₹202 crore will be raised through the issuance of fresh shares, while the remaining ₹50 crore is reserved for the OFS route.
The tentative date for the finalisation of share allotment is 12 August 2026. Bigshare Services Private Ltd has been appointed as the official registrar for the book-build issue.
The public issue is proposed for listing on the BSE and NSE exchanges. The most likely date for the share listing is 14 August 2026. Khambatta Securities has been appointed lead manager of the upcoming IPO.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
About the Author
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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