Wastewater treatment solutions provider Technocraft Ventures files IPO papers for fund raising

Technocraft Ventures IPO

Uttar Pradesh-based sewerage and wastewater treatment solutions provider Technocraft Ventures has filed preliminary papers with the SEBI on August 8 as it is planning to tap the capital markets to raise funds via an initial public offering (IPO) of 1.19 crore shares.

The IPO will be a mix of fresh issue of 95.05 lakh shares, and an offer-for-sale of 23.76 lakh shares by promoter Kartikey Constructions.

The company will utilise Rs 138 crore of fresh issue proceeds for working capital requirements, and the remainder funds for general corporate purposes.

Incorporated in 1998, Technocraft Ventures, which competes with listed entities like EMS, VA Tech Wabag, Enviro Infra Engineers, Denta Water, and Infra Solutions, is a public infrastructure development company, executing turnkey engineering, procurement, and construction (EPC) contracts mostly in the wastewater treatment and water supply scheme projects segments.

As of June 2025, its order book for ongoing projects was Rs 685.8 crore (including operation and maintenance to be executed after completion of respective projects). Further, it is executing four projects with the unexpected value of Rs 383.86 crore under the joint ventures.

The financial performance of the company in the past years has been strong, with net profit in the fiscal 2025 soaring 48 percent to Rs 28.2 crore, and revenue rising 23.6 percent to Rs 279.6 crore compared to the previous year.

Khambatta Securities is the sole book-running lead manager appointed for handling the Technocraft Ventures IPO.