Technocraft Ventures Limited, a leading infrastructure development company based in New Delhi, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The offering includes a fresh issue of 9,505,000 equity shares and an offer for sale of up to 2,376,000 equity shares, with a face value of ₹10 per share. The offer for sale will be made by the promoter, Kartikey Constructions (a partnership firm). Khambatta Securities Limited is acting as the sole Book Running Lead Manager for the issue, while Bigshare Services Private Limited is the Registrar to the issue.
Technocraft Ventures is a multidisciplinary EPC (Engineering, Procurement, and Construction) company engaged in delivering turnkey solutions for infrastructure projects across a range of sectors. These include wastewater treatment, operation and maintenance of public utilities, water supply schemes, electrical transmission and distribution networks, road and national highway works, micro tunneling, and urban development at the sector level.
The company, which operates primarily in northern India—including Uttar Pradesh, Uttarakhand, Rajasthan, and Delhi—focuses on projects for central and state governments, as well as government agencies. Technocraft Ventures aims to use ₹138 crore of the proceeds from the fresh issue to fund its working capital needs, with the remaining funds earmarked for general corporate purposes.
The company has worked on key government initiatives such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Namami Gange Program, Jal Jeevan Mission (JJM), Pradhan Mantri Gram Sadak Yojana (PMGSY), and Urban Infrastructure Development Scheme in Satellite Towns (UIDSST). It has also managed projects funded by multilateral agencies like the Asian Development Bank (ADB), ensuring compliance with stringent technical and environmental standards.
Founded in 1998, Technocraft Ventures initially focused on residential and road construction projects in Uttar Pradesh. Over the years, the company expanded into wastewater management, water supply, and public utility infrastructure, marking its evolution into a major player in the public infrastructure space.
The company is led by Sanjay Tyagi, Rekha Tyagi, and Kartikey Tyagi. Sanjay Tyagi, who joined in 2007, brings significant experience in civil engineering and government contract execution. His leadership in strategic planning, project oversight, and quality control has been instrumental in the company’s growth and success. For the financial year 2024-25, Technocraft Ventures reported a revenue of ₹279.56 crore and a profit of ₹28.20 crore, compared to ₹226.10 crore in revenue and ₹19.05 crore in profit for the previous fiscal year.
