Technocraft Ventures files IPO papers with Sebi, plans Rs 138 crore fundraise for working capital; strong wastewater project pipeline
The IPO will comprise 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) filed on Friday, PTI reported.
Net proceeds of Rs 138 crore from the fresh issue will be used to fund working capital requirements, with the remaining amount allocated for general corporate purposes.
Incorporated in 1998, Gautam Budha Nagar-based Technocraft Ventures executes turnkey engineering, procurement and construction contracts across wastewater treatment, public utility operations and maintenance, and electrical transmission and distribution projects.
The company has completed assignments under flagship schemes like the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Programme, and Pradhan Mantri Gram Sadak Yojana, as well as projects backed by multilateral agencies such as the Asian Development Bank.
As of June 30, 2025, the company's order book for ongoing projects stood at Rs 685.83 crore, including four joint venture projects worth Rs 383.86 crore.
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius)
Lintmit.com
Click Here
Undo
by Taboola
by Taboola
Competitors include Denta Water, VA Tech Wabag, EMS Ltd, and Enviro Infra Engineers.
In FY25, Technocraft Ventures reported revenue from operations of Rs 279.56 crore and a profit after tax of Rs 28.20 crore.
Shares are proposed to be listed on both the BSE and NSE. Khambatta Securities is the sole book-running lead manager, while Bigshare Services will act as registrar to the issue.
Stay informed with the latest
business
news, updates on
bank holidays
,
public holidays
, current
gold rate
and
silver price
.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
16 minutes ago
- India.com
Karnataka CM Siddaramaiah Urges PM Modi For More Central Funds For Development
Karnataka Chief Minister Siddaramaiah, on Sunday, appealed to Prime Minister Narendra Modi to give precedence to Karnataka in terms of allocation of funds. He spoke after inaugurating the Yellow Line of the Metro project, laying the foundation stone for the third phase of Metro project in Bengaluru. Chief Minister Siddaramaiah turning towards Prime Minister Modi reiterated, "I make this request to Prime Minister, that the priority has to be given to Karnataka, like how Maharashtra and Gujarat are given." Asking the dignitaries on the stage why they are laughing over his statement, the Chief Minister said that he is only requesting for additional assistance to Karnataka from the Central government. Talking about the Metro project in Bengaluru city, CM Siddaramaiah added, "The state government is providing 87.37 per cent of the funds for the Metro project, while the Central government's share is only 12.63 per cent." The Central government's partnership has also contributed to the implementation of the Bengaluru Metro project, he said. "The Central government provides financial and technical assistance for the Metro project. The state government has contributed Rs 25,387 crore for phases 1, 2, 2A, 2B, and 3 of the Metro project. In addition, an extra Rs 3,987 crore has been provided as loan repayment assistance. So far, Rs 59,139 crore has been allocated for the Metro projects. The state government's responsibility is 87.37 per cent, while the Central government's contribution from its treasury is only 12.63 per cent. The Central government has provided only Rs 7,468.86 crore," he added. "It was agreed that the Karnataka government and Central government would invest on a 50:50 basis. However, funds from the Central government have come mostly as loans, which the state government and Metro authorities must repay with interest. This has placed a burden of 87.37 per cent on the state," the Chief Minister said. Improving connectivity and making Bengaluru a global attractive city is a major step for us all to be proud of, he added. "With the inauguration of the Yellow Line, Bengaluru Metro now has a total operational length of 96.1 km, making it the longest Metro network in South India. This is a proud moment for every Kannadiga and proof of our commitment to development," CM Siddaramaiah said. He requested the Central government to provide more funds for Bengaluru's development and the nation's progress. There is mutual cooperation between the Central and state governments to provide better facilities to citizens, and he (PM Modi) expressed confidence that this partnership will grow stronger, the CM said. "The newly inaugurated Yellow Line, costing Rs 7,160 crore, connects key IT and technology hubs in Bengaluru, providing safe and fast travel for thousands of professionals, employees, and students. It is expected to serve nearly 3.5 lakh commuters daily. This is expected to greatly improve the severe traffic problems around Central Silk Board and Jayadeva Hospital," he added. "The Yellow Line also connects major biotech and IT hubs and provides easy access to important hospitals and industrial areas. The double-decker flyover constructed with state government funding from Ragigudda to Central Silk Board will improve traffic flow at one of Bengaluru's busiest junctions. This is an example of the state government's efforts to find solutions to Bengaluru's traffic issues," CM Siddaramaiah said. "Increasing urbanisation and population put tremendous pressure on city roads. Nearly nine lakh passengers use Bengaluru Metro services daily. With the addition of the Yellow Line, the number of commuters is expected to exceed 12.5 lakh," he added. "There is still a long way to go on the Bengaluru Metro route. With the operation of the second phase of the project, we will have a total of 117 km of Metro connectivity, allowing 15 lakh people to travel by Metro daily," CM Siddaramaiah said. "Phase 2A and 2B, which includes a 58 km route connecting Outer Ring Road and the airport at a cost of Rs 15,131 crore, will be completed by December 2027. This route will connect the international airport to Bengaluru city," he added. "Phase 3, a 44.65 km route costing Rs 15,611 crore, will further improve Bengaluru's connectivity. Civil work for this has started recently," he stressed. "Feasibility studies are underway for Phase 4, which involves constructing a 53 km double-decker-cum-Metro route," he said. "By 2030, the goal is to complete 220 km of metro routes in Bengaluru city, providing infrastructure for 30 lakh daily commuters," he emphasised. Private organisations such as Infosys Foundation, Biocon, and Delta Electronics have partnered in constructing Metro stations, he said. He (PM Modi) expressed confidence that public-private partnerships will strengthen Bengaluru's development efforts in the future, he added. "Karnataka contributes 35-40 per cent to the country's IT exports, with Bengaluru's share being significant. The state also accounts for more than 40 per cent of electronics and R&D exports. In this context, the government has formulated projects worth more than Rs 1.35 lakh crore, allocating resources to develop Bengaluru as a model city. Several projects are already underway," CM Siddaramaiah said. He appealed to the Central government to join hands in Bengaluru's development, which significantly contributes to the nation's economy.
India.com
16 minutes ago
- India.com
Meet Sanjay Agarwal, brain behind AU Small Finance Bank, India's biggest..., his net worth is Rs...
Sanjay Agarwal (File) Building a successful banking venture is not as an easy task for finance entrepreneurs, especially in India, where the banking sector is dominated by large banks owned by giant corporations and the state. However, Sanjay Agarwal, the man who recently got the nod from RBI for India's newest universal bank, not only built a small yet successful small finance venture, but transformed it into the country's biggest Small Finance Bank (SFB). Who is Sanjay Agarwal? Born in Rajasthan, Sanjay Agarwal earned a Bachelors Degree in Commerce from Government College, Ajmer, and later aced the CA exam from the from the Institute of Chartered Accountants of India, to become a Chartered Accountant. Agarwal's academic excellence was recognized by the institute, who awarded him a gold medal for his topping the CA exam in 1995. After acing the CA exam, Sanjay Agarwal, instead of joining some major finance firm, decided to launch his own finance venture which would cater to the financial needs of people living in Rajasthan's rural and semi-urban areas, where banking facilities were unavailable at the time. How AU Small Finance Bank was born? In 1996, a year after he cleared the CA exam, Sanjay Agarwal launched Au Financiers, small finance venture aimed at catering to unbanked rural and semi-urban population in Rajasthan. Over the years, Au Financiers, which began as a humble vehicle finance firm, grew into the AU mall Finance Bank (SFB), the largest small finance bank in India. Sanjay Agarwal currently serves as the Managing Director and CEO of the AU Small Finance Bank, and was honored with the 2018 Ernst & Young Entrepreneur of the Year Award for his contribution in the banking and finance sector. India's newest commercial bank Under Sanjay Agarwal's leadership, AU Small Finance Bank has now transitioned into a full-service commercial bank after receiving 'in-principle' approval from the Reserve Bank of India on August 7, 2025– the first in almost a decade– to become a Universal Bank. Bandhan Bank was the last financial institution to receive this approval from RBI in 2015. AU SFB's transition into a full-fledged universal bank is a nod to the years of dedicated growth and trust the institution has built under the leadership of Sanjay Agarwal. Sanjay Agarwal net worth According to Forbes, Sanjay Agarwal has a net worth of $1.3 billion (about Rs 11,500 crore), making him one of the wealthiest individuals in India.
India.com
16 minutes ago
- India.com
Bengaluru Needs Rs 1.5 Lakh Crore For Infrastructure, DK Shivakumar Urges PM Modi
Karnataka Deputy Chief Minister DK Shivakumar has urged Prime Minister Narendra Modi to extend funding support to Bengaluru on par with Delhi, to enable the city to emerge as a truly global metropolis. In a letter written to Prime Minister Modi, Deputy CM Shivakumar highlighted the challenges Bengaluru is facing due to 'rapid urbanisation'. The letter read, "On behalf of the Government of Karnataka, I warmly welcome you to Bengaluru, the nation's foremost technology and innovation hub. Contributing substantially to the national GDP and hosting India's largest IT/ITES base, global investments, research institutions, and skilled talent, Bengaluru drives the country's economy and innovation. However, rapid urbanisation has created urgent challenges in mobility, water supply, waste management, drainage, housing, and overall infrastructure." Stating that Karnataka is the second-highest tax-paying state in the country, DK Shivakumar said that Bengaluru required an estimated investment of Rs 1.5 lakh crores. "The construction of urban tunnels, the Bengaluru Business Corridor, integrated solid waste management plants, elevated roads along metro lines, flyovers, additional drinking water projects, new roads over storm water drains, and the Regional Rapid Transit System (RRTS) will require an estimated investment of Rs. 1.5 lakh Cr. As Karnataka is the second-highest tax-paying state in the country, contributing about Rs. 4.50 lakh Cr annually to the national exchequer, I request the Government of India to extend funding support to Bengaluru on par with Delhi, enabling the city to emerge as a truly global metropolis," the letter read. Shivakumar further added, "Your continued guidance and assistance will be invaluable in realising the vision of a world-class Bengaluru with sustainable infrastructure and inclusive growth." Earlier in the day, Karnataka Deputy Chief Minister DK Shivakumar had alleged that Bengaluru has been neglected and the state government have not been given sufficient funds for the development of the city. "I will tell him what is required and to be given to Bengaluru... We have not been given sufficient funds. Bengaluru has been neglected. I would like to tell PM Modi that you have to take care of the city as a national capital... The MPs or MLAs of the BJP are only getting votes in the name of PM Modi or the party," he said.
