Now Reading: Technocraft Ventures IPO opens at Rs 200-212, analysts divided
-
01
Technocraft Ventures IPO opens at Rs 200-212, analysts divided
Technocraft Ventures’ Rs 252 crore IPO opened with a price band of Rs 200 to Rs 212 per share and will close on 11 August 2026, LiveMint reports. The issue includes Rs…
The Story in Brief
Technocraft Ventures’ Rs 252 crore IPO opened with a price band of Rs 200 to Rs 212 per share and will close on 11 August 2026, LiveMint reports. The issue includes Rs 202 crore in fresh shares and a Rs 50 crore offer for sale. The company has reserved 50% for qualified institutional buyers, 15% for non-institutional investors and 35% for retail bidders. LiveMint reported subscription of 1.62 times by 1:18 pm on the third day, while its report also describes the issue as opening day. Investorgain put the grey market premium at Rs 13. Business Today cited an earlier premium of Rs 18-20.
The Indian Opinion
The easy story is that a grey-market premium and rising profits make this a straightforward buy. The opposite claim, that every government-linked EPC issue is risky, is just as lazy. Analysts point to growth and an order book, but Marwadi Financial Services flags dependence on five clients for 80% of revenue, weak cash conversion and high receivables. Investors should judge the business after listing, especially whether operating cash flow improves without a sharp rise in working capital.
Sources (2): businesstoday.in, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
