Technocraft Ventures IPO: Technocraft Ventures, which provides solutions for the treatment of Westwater, has submitted draft papers to the Capital Market Regulator Sebi for its IPO. This IPO will have 1.19 crore shares. The number of new shares will be 95.05 lakhs. At the same time, there will be an offer for sale of 23.76 lakh shares from the company’s promoter Karthikeya Constructions. The Technocraft Ventures started in 1998 is a public infrastructure development company.
It mainly performs Turnky Engineering, Purchase and Construction (EPC) contract execution in segments of Westwater Treatment and Water Supply Scheme Projects. In the turny project, the same company sees all aspects of that project- from initial design and planning to construction, installation and a full operational facility to handover the client.
How to use IPO money
Uttar Pradesh -based Technocraft Ventures will use Rs 138 crore out of the money to be received by releasing new shares in its IPO and will use the rest of the money for general corporate purposes and the rest of the money will be used for general corporate purposes. Listed competitions of Technocraft Ventures include companies like EMS, VA Tech Wabag, Environment Infra Engineers, Danta Water and Infra Solutions.
Financial health of Technocraft Ventures
By June 2025, its order book for current projects was Rs 685.8 crore. In FY 2025, the net profit of Technocraft Ventures increased by 48 percent to Rs 28.2 crore. Revenue increased by 23.6 percent to Rs 279.6 crore. Khambata Securities is the only book-hanging lead manager for IPO.
Powerika, who has done the business set of generator sets, has also submitted draft papers to SEBI for her IPO. The company wants to raise up to Rs 1400 crore. New shares of Rs 700 crore will be issued in the IPO, along with the same amount of shares for the same rupee will be for SAIL (O.S). Promoter Naresh Oberoi Family Trust and Kabir and Kimaya Family Private Trust will keep the shares for sale in OFS. Powerica specializes in the diesel generator set. The company is also in the business of wind power. It can consider raising up to Rs 140 crore in the pre-IPO round. If this happens, the size of the issue of new shares in the IPO will decrease.
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