Technocraft Ventures information IPO papers with Sebi, plans Rs 138 crore fundraise for working capital; sturdy wastewater mission pipeline

Technocraft Ventures, a wastewater remedy options supplier and public infrastructure improvement agency, has filed draft papers with markets regulator Sebi to launch an preliminary public providing (IPO).The IPO will comprise a contemporary challenge of as much as 95.05 lakh fairness shares and a suggestion on the market (OFS) of as much as 23.76 lakh shares by promoter Kartikey Constructions, in accordance with the draft pink herring prospectus (DRHP) filed on Friday, PTI reported.Internet proceeds of Rs 138 crore from the contemporary challenge will likely be used to fund working capital necessities, with the remaining quantity allotted for basic company functions.Integrated in 1998, Gautam Budha Nagar-based Technocraft Ventures executes turnkey engineering, procurement and development contracts throughout wastewater remedy, public utility operations and upkeep, and electrical transmission and distribution tasks. The corporate has accomplished assignments beneath flagship schemes just like the Atal Mission for Rejuvenation and City Transformation, Namami Gange Programme, and Pradhan Mantri Gram Sadak Yojana, in addition to tasks backed by multilateral companies such because the Asian Improvement Financial institution.As of June 30, 2025, the corporate’s order guide for ongoing tasks stood at Rs 685.83 crore, together with 4 three way partnership tasks price Rs 383.86 crore. Rivals embrace Denta Water, VA Tech Wabag, EMS Ltd, and Enviro Infra Engineers.In FY25, Technocraft Ventures reported income from operations of Rs 279.56 crore and a revenue after tax of Rs 28.20 crore.Shares are proposed to be listed on each the BSE and NSE. Khambatta Securities is the only book-running lead supervisor, whereas Bigshare Providers will act as registrar to the problem.