Summary:
Technocraft Ventures' IPO subscription rose to 2.91x on Day 2, after closing Day 1 at 2.59x overall. QIBs led the opening-day demand at 4.47x, followed by NII at 3.80x, while retail was fully subscribed. The company has an unexecuted EPC order book of ₹1,305.45 crore, offering visibility amid India's expanding infrastructure spending. With bidding continuing until August 11, subscription levels are expected to rise further as investor participation builds.
Technocraft Ventures' IPO is now in its second day of bidding, August 8, 2026. Incorporated in 1998, the company is a North India-focused engineering, procurement, and construction (EPC) player engaged in turnkey public infrastructure projects. Its core business is water and wastewater infrastructure, including water supply schemes, sewage treatment plants, wastewater treatment plants, transmission pipelines, and reservoirs, along with roads and highways, power transmission and distribution, and urban infrastructure projects, primarily for central and state government agencies across Uttar Pradesh, Uttarakhand, Rajasthan, and Delhi.
This is a ₹251.88 crore IPO, made up of a fresh issue of ₹202 crore and an offer for sale of ₹50 crore by promoter Kartikey Constructions. Of the fresh issue proceeds, ₹150 crore is earmarked for funding working capital requirements, with the remainder going toward general corporate purposes.
Price band is ₹200 to ₹212 per share. Lot size is 70 shares, so retail investors need ₹14,840 to apply at the upper end. The issue closes August 11, and listing is expected August 14 on both BSE and NSE.
Technocraft Ventures IPO - Day 2 Subscription Status
Day 1 closed with the issue subscribed 2.59 times overall, a strong opening led by institutional and HNI demand. Momentum has continued into Day 2, with the overall figure edging up further to 2.91x.
Category-wise Breakdown on Day 2
| Category | Subscription (Day 1 close) | Subscription (Day 2, ongoing) |
| Qualified Institutional Buyers (QIB) | 4.47x | 4.48x |
| Non-Institutional Investors (NII) | 3.80x | 4.97x |
| Retail Individual Investors (RII) | Fully subscribed (1.00x+) | 2.61x |
| Overall | 2.59x | 2.91x |
*Day 1 close figures as of 5:00 PM, August 7, 2026, per NSE data, with bids for 2.15 crore shares against 83.17 lakh shares on offer. The Day 2 overall figure of 2.91x reflects the latest available reading as of the time of writing; a full category-wise breakdown for Day 2 was still updating at the time of writing, check the NSE or BSE site directly for the most current split.
What Day 2 Numbers Indicate
QIB led the way on Day 1 at 4.47x, an unusually strong opening-day showing for institutional bids, since QIBs typically hold back until the closing stretch. NII followed closely at 3.80x, and retail crossed full subscription comfortably on day one itself.
The move from 2.59x at Day 1's close to 2.91x as Day 2 progresses shows steady, continued demand rather than a dramatic surge, suggesting investors are still building positions gradually rather than rushing in all at once. Given the company's healthy unexecuted EPC order book of ₹1,305.45 crore as of July 15, 2026, weighted mostly toward the water and wastewater segment, and India's broader infrastructure investment pipeline projected to nearly double to ₹55–58 trillion over FY27–31 from ₹37–39 trillion in FY22–26, the underlying business case appears to be resonating with both institutional and retail investors.
Day-wise IPO Subscription Trend
| Day | Overall Subscription |
| Day 1 | 2.59x |
| Day 2 | 2.91x (as of latest reading, still building) |
| Day 3 & Day 4 (Final) | To be updated |
With retail already oversubscribed and QIB, NII both past full subscription by Day 1's close, expect the overall figure to keep climbing steadily as the issue heads toward its August 11 close.
Technocraft Ventures IPO - Allotment and Listing Date
| Event | Date |
| Basis of Allotment | August 12, 2026 |
| Refund Initiation | August 13, 2026 |
| Shares Credited to Demat | August 13, 2026 |
| Listing Date | August 14, 2026 |
Should You Apply for Technocraft Ventures IPO?
A few things worth weighing before you decide:
- It's a mix of fresh issue and offer for sale, with ₹150 crore of the fresh issue proceeds going toward funding working capital requirements, and the remainder toward general corporate purposes.
- The company's unexecuted EPC order book stood at ₹1,305.45 crore as of July 15, 2026, weighted mostly toward the water and wastewater segment, offering reasonable revenue visibility.
- India's broader infrastructure investment is projected to grow from ₹37–39 trillion in FY22–26 to ₹55–58 trillion in FY27–31, with the construction sector expected to grow 5–7% annually, and infrastructure making up roughly 68–70% of that spend, a favourable industry backdrop for the company's business.
- Urban infrastructure investment, the segment most relevant to Technocraft Ventures, grew at a compound rate of roughly 25% between FY22 and FY24, though spending dipped in FY25 and FY26 as central allocations under the Jal Jeevan Mission were trimmed, a point worth factoring into the near-term outlook.
- Day 1 demand was strong across every category, QIB at 4.47x, NII at 3.80x, and retail fully subscribed, momentum that has carried into Day 2 as well.
This is informational content, not investment advice. Weigh your own risk appetite before applying.
How to Apply for Technocraft Ventures IPO
You can apply through any of these routes:
- ASBA via net banking – log into your bank's net banking, go to the IPO section, select Technocraft Ventures, enter quantity and bid price, then authorise.
- UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
- Physical ASBA form – submit through your bank branch if you prefer the offline route.
Bid in multiples of the 70-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.
Technocraft Ventures IPO Important Dates
| Event | Date |
| IPO Open Date | August 7, 2026 |
| IPO Close Date | August 11, 2026 |
| Anchor Investor Bid Date | August 6, 2026 |
| Basis of Allotment | August 12, 2026 |
| Refunds Initiated | August 13, 2026 |
| Demat Credit | August 13, 2026 |
| Listing Date | August 14, 2026 |
How to Check Technocraft Ventures IPO Subscription Status
How to check Technocraft Ventures IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Technocraft Ventures Limited from the dropdown.
- You'll see category-wise bid numbers, updated through the trading day.
How to check Technocraft Ventures IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Technocraft Ventures under active issues.
- Click on it to view live bid quantity against shares reserved, split by category.
How to check Technocraft Ventures IPO Subscription Status on Ventura?
Log into your Ventura account, go to the IPO section, and select Technocraft Ventures from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.
IPO Subscription History
Previous Day Subscription
Day 1 closed with the issue subscribed 2.59 times overall, with QIB leading at 4.47x, NII at 3.80x, and retail fully subscribed.
Final Subscription Figures
Final numbers will only be available after the issue closes on August 11, 2026. Check back once bidding wraps up for the complete category-wise final tally.
Conclusion
Technocraft Ventures' IPO has continued to build steadily into Day 2, moving from 2.59x at Day 1's close to 2.91x as bidding progresses. QIB and NII led the strong opening-day demand, with retail comfortably oversubscribed as well. Backed by a healthy ₹1,305.45 crore order book and a favourable industry backdrop in India's infrastructure build-out, this issue is shaping up well ahead of its August 11 close.








