Technocraft Ventures IPO Subscription Status Day 1: Retail booked 0.40x as public issue opens

Mumbai, August 07:Technocraft Ventures IPO opened for public subscription on Friday, giving investors their first opportunity to bid for the ₹251.88 crore public issue. Early demand remained measured during the opening session, with the issue subscribed 0.35 times overall by around 11:39 AM, reflecting a steady start as investors continued evaluating the offer.

Retail investors accounted for most of the early participation. The Retail Individual Investors (RII) segment was subscribed 0.40 times, while the Non-Institutional Investors (NII/HNI) category saw relatively stronger interest at 0.71 times. The Qualified Institutional Buyers (QIB) portion, excluding anchor investors, had not received bids at this stage, which is common during the initial hours of book-built IPOs as institutional investors typically participate closer to the closing date.

The IPO, which will remain open for bidding until August 11, 2026, comprises a fresh issue worth ₹201.51 crore and an Offer for Sale (OFS) worth ₹50.37 crore, taking the total issue size to ₹251.88 crore.

Technocraft Ventures IPO Day 1 Subscription Status

As of around 11:39 AM on August 07, 2026, the subscription stood at:

The issue had received 19,379 applications during the first trading session.

Technocraft Ventures IPO Details

Technocraft Ventures is raising ₹251.88 crore through a combination of:

• Fresh Issue: 95,05,000 equity shares aggregating ₹201.51 crore

• Offer for Sale: 23,76,000 equity shares aggregating ₹50.37 crore

The IPO has been priced in the ₹200 to ₹212 per share band.

Each application lot comprises 70 equity shares, requiring a minimum investment of ₹14,840 for retail investors at the upper price band.

Reservation Breakdown

The net issue has been reserved as follows:

Retail Investors: 50.00%

Qualified Institutional Buyers (QIB): 28.57% (excluding anchor allocation)

Non-Institutional Investors (NII): 21.43%

Key IPO Dates

• IPO Opens: August 07, 2026
• IPO Closes: August 11, 2026
• Expected Allotment: August 12, 2026
• Expected Refunds: August 13, 2026
• Expected Share Credit: August 13, 2026
• Tentative Listing: August 14, 2026

About Technocraft Ventures Ltd.

Incorporated in 1998, Technocraft Ventures is an infrastructure EPC company engaged in executing projects primarily for government departments and public sector agencies.

The company undertakes projects across three major verticals:

• Water and wastewater infrastructure
• Roads and highways
• Urban infrastructure development

Its operations are concentrated across northern India, including Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Territory of Delhi.

What Investors Should Watch Next

With the IPO now entering its subscription period, investor attention will shift to how demand builds over the remaining bidding days. Retail participation has begun on a moderate note, while the NII segment has shown comparatively stronger interest. Institutional participation is expected to become clearer closer to the final day of bidding.

The subscription trend over the next few sessions will be closely watched, particularly for activity from QIB investors, which often shapes overall demand in the latter stages of the IPO.

Source:

• https://www.sebi.gov.in/filings/public-issues/jul-2026/technocraft-ventures-limited-rhp_103278.html