Latest news with #TechnocraftVentures
Time of India
4 days ago
- Business
- Time of India
Technocraft Ventures files IPO papers with Sebi, plans Rs 138 crore fundraise for working capital; strong wastewater project pipeline
Technocraft Ventures, a wastewater treatment solutions provider and public infrastructure development firm, has filed draft papers with markets regulator Sebi to launch an initial public offering (IPO). 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) 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 .
Time of India
4 days ago
- Business
- Time of India
Technocraft Ventures files IPO papers with Sebi, to raise funds via public issue
Technocraft Ventures , a wastewater treatment solutions provider, has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial share sale. The initial public offering (IPO) is a combination of fresh issuance of up to 95.05 lakh equity shares and an offer for sale of up to 23.76 lakh shares by promoter Kartikey Constructions , as per the draft red herring prospectus (DRHP) filed on Friday. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Desert Order Undo The net proceeds from the fresh issue to the tune of Rs 138 crore will be utilised to fund the working capital requirements of the company and the balance for general corporate purposes, according to the draft papers. Incorporated in 1998, Technocraft Ventures is a multidisciplinary public infrastructure development company engaged in the execution of turnkey engineering, procurement and construction contracts, including wastewater treatment, operation and maintenance of public utilities, electrical transmission and distribution networks. The Gautam Budha Nagar-based company has executed projects under key central and state-sponsored schemes, including the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Programme and Pradhan Mantri Gram Sadak Yojana. Live Events It also has experience in implementing infrastructure projects funded by multilateral agencies such as the Asian Development Bank. As of June 30, 2025, Technocraft's order book for ongoing projects was Rs 685.83 crore. Further, it is executing four ongoing projects worth Rs 383.86 crore under the joint ventures. The company competes with reputed players such as Denta Water, VA Tech Wabag, EMS Ltd, and Enviro Infra Engineers. The company reported revenue from operations of Rs 279.56 crore and profit after tax of Rs 28.20 crore in FY25. The shares of the company are proposed to be listed on the BSE and the NSE. Khambatta Securities is the sole book running lead manager while Bigshare Services is the registrar for the IPO.
News18
4 days ago
- Business
- News18
Technocraft Ventures files IPO papers with Sebi, to raise funds via public issue
Agency: PTI New Delhi, Aug 9 (PTI) Technocraft Ventures, a wastewater treatment solutions provider, has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial share sale. The initial public offering (IPO) is a combination of fresh issuance of up to 95.05 lakh equity shares and an offer for sale of up to 23.76 lakh shares by promoter Kartikey Constructions, as per the draft red herring prospectus (DRHP) filed on Friday. The net proceeds from the fresh issue to the tune of Rs 138 crore will be utilised to fund the working capital requirements of the company and the balance for general corporate purposes, according to the draft papers. Incorporated in 1998, Technocraft Ventures is a multidisciplinary public infrastructure development company engaged in the execution of turnkey engineering, procurement and construction contracts, including wastewater treatment, operation and maintenance of public utilities, electrical transmission and distribution networks. The Gautam Budha Nagar-based company has executed projects under key central and state-sponsored schemes, including the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Programme and Pradhan Mantri Gram Sadak Yojana. It also has experience in implementing infrastructure projects funded by multilateral agencies such as the Asian Development Bank. As of June 30, 2025, Technocraft's order book for ongoing projects was Rs 685.83 crore. Further, it is executing four ongoing projects worth Rs 383.86 crore under the joint ventures. The company competes with reputed players such as Denta Water, VA Tech Wabag, EMS Ltd, and Enviro Infra Engineers. The company reported revenue from operations of Rs 279.56 crore and profit after tax of Rs 28.20 crore in FY25. The shares of the company are proposed to be listed on the BSE and the NSE. Khambatta Securities is the sole book running lead manager while Bigshare Services is the registrar for the IPO. PTI HG TRB view comments First Published: August 09, 2025, 16:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
