Technocraft Ventures Ltd's initial public offering (IPO) was subscribed 7.35 times by the third day of bidding, the company announced on Tuesday. The IPO, which opened on August 7 and closes on August 11, has a price band of ₹200-212 per share. The infrastructure-focused company reported revenue of ₹344.99 crore for fiscal year 2026, with ₹75.55 crore raised from anchor investors ahead of the public subscription, according to livemint.com.
The IPO saw a steady increase in subscription levels, with 2.59 times subscription on the first day and 4.73 times on the second day. The strong demand reflects investor interest in Technocraft Ventures' public infrastructure projects. The company set the price band at ₹200-212 per share, aiming to raise capital to support its growth plans. The subscription process will close on August 11, marking the end of the public offering period, as detailed by livemint.com.
Technocraft Ventures' IPO performance highlights robust investor appetite for infrastructure sector stocks amid India's ongoing public infrastructure development. The company's reported revenue growth to ₹344.99 crore in FY26 positions it among mid-sized infrastructure firms attracting market attention. The ₹75.55 crore anchor investment also signals confidence from institutional investors. This IPO adds to a series of infrastructure listings this year, reflecting the sector's expanding role in India's economic growth, according to livemint.com.
The IPO subscription will close on Tuesday, August 11, with investors awaiting final allotment details. The company's listing on stock exchanges is expected to follow shortly after the subscription period ends, completing the public offering process, as reported by livemint.com.