TECHNOCRAFT VENTURES LTD Share price

Technocraft Ventures Limited was originally incorporated as Technocraft Construction Private Limited' as a private Company dated October 21, 1998, issued by the Registrar of Companies, NCT of Delhi & Haryana. Thereafter, the name of Company was changed from Technocraft Construction Private Limited' to Technocraft Ventures Private Limited' dated February 09, 2024. Subsequently, the status was converted into a public Company, the name of Company was changed to Technocraft Ventures Limited', and a fresh certificate of incorporation was issued to Company by the Registrar of Companies, Central Processing Centre, on June 11, 2024. Technocraft Ventures is a multidisciplinary EPC company specializing in public infrastructure projects across northern India, with a focus on water supply, wastewater treatment, building construction, sewage networks, sewerage, roads and highways and electrification. Company commenced operations in Uttar Pradesh with residential and road construction projects, including the development of planned housing colonies, sector-level layouts, and execution of road construction, widening and strengthening works under Public Works Departments (PWD) and National Highways programs. These early projects laid the foundation for subsequent diversification into wastewater management, water supply, and public utility infrastructure. In 2008, Company entered into a partnership with M/s Krishna Contractors pursuant to a deed dated August 01, 2008, as 'M/s Krishna-TCPL (J.V.)' to undertake contracting assignments; this partnership was subsequently dissolved with effect from December 31, 2024. In 2009, it further expanded operations by entering the wastewater treatment segment through the formation of M/s Ultratech Engineers, to participate in government contracts in the wastewater infrastructure space. In 2012, Company diversified into power distribution sector with contract awards from Paschimanchal Vidyut Vitaran Nigam Limited (PVVNL) and Dakshinanchal Vidyut Vitaran Nigam Limited (DVVNL), collectively valued at approximately Rs 891.4 million. In 2016, it acquired the ongoing business of M/s Ultratech Engineers via a business transfer agreement dated June 02, 2016, which had been engaged in executing government infrastructure contracts. The Company entered the multilateral-funded infrastructure projects in 2017 in Udaipur, Rajasthan for sewage network project. In 2023, Company secured two major AMRUT 2.0 projects in Kota and Bikaner, collectively valued at over Rs 5,500 million. The Company was awarded a major road widening and strengthening project under the PWD UP, valued at over Rs 665 million in FY 2025. Company is planning the initial public offer by issuing 11,881,000 equity shares of face value of Rs 10 each, comprising a fresh issue of 9,505,000 equity shares and 2,376,000 equity shares through offer for sale.