Technocraft Ventures Files for IPO to Boost Wastewater Treatment Projects

Technocraft Ventures, a leading provider of wastewater treatment solutions and public infrastructure development, has officially filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The move marks a significant step in the company's expansion plans, aiming to raise Rs 138 crore primarily for working capital needs.

IPO Details: The offering includes a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions. According to the draft red herring prospectus (DRHP), the net proceeds will fuel the company's ambitious projects and general corporate purposes.

A Strong Portfolio and Future Prospects

Since its incorporation in 1998, Technocraft Ventures has established itself as a key player in executing turnkey projects across wastewater treatment, public utility operations, and electrical transmission. The company boasts a robust order book of Rs 685.83 crore as of June 30, 2025, including four joint venture projects worth Rs 383.86 crore.

Notable Projects: Technocraft Ventures has successfully completed assignments under major schemes like the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Programme, and projects supported by the Asian Development Bank.

Financial Performance and Market Position

In FY25, the company reported a revenue of Rs 279.56 crore from operations and a profit after tax of Rs 28.20 crore. Competing with firms like Denta Water and VA Tech Wabag, Technocraft Ventures is poised for significant growth in the wastewater treatment sector.

Listing Plans: The shares are proposed to be listed on both the BSE and NSE, with Khambatta Securities acting as the sole book-running lead manager and Bigshare Services as the registrar to the issue.