Technocraft Ventures IPO Day 2: Grey Market Premium Surges as Subscription Activity Grows The initial public offering (IPO) of Technocraft Ventures Ltd entered its second day of trading in the Indian primary market, with the grey market premium (GMP) for its shares jumping to Rs.21 on August 10, up from Rs.10 on the previous day. The company, which aims to raise Rs.252 crore through its public issue, has set a price band of Rs.200 to Rs.212 per equity share. The offering includes both fresh shares and an Offer for Sale (OFS), with Rs.202 crore allocated for fresh equity and Rs.50 crore reserved for the OFS route. The IPO is open until August 11, 2026, and is expected to list on the BSE and NSE exchanges by August 14, 2026. Analysts have provided mixed but generally positive assessments of the IPO. Anand Rathi noted that at the upper price band, the company’s valuation stands at a price-to-earnings (P/E) ratio of 19.4x, based on its FY26 annualized earnings per share (EPS) of Rs.14.39. This implies a post-issue market capitalization of approximately Rs.8,397 million. The firm highlighted Technocraft Ventures’ diversified order book, expanding geographical presence, and integrated EPC (engineering, procurement, and construction) capabilities as factors supporting long-term growth. However, Rathi cautioned that the proposed valuation appears fairly priced relative to listed peers. Sushil Financial Services also recommended subscription, citing the company’s strong revenue and profit growth, efficient working-capital deployment for order-book expansion, low debt reliance, and competitive valuation compared to industry counterparts. The firm emphasized the potential for sustained performance given these fundamentals.#bse #nse #anand_rathi #technocraft_ventures_ltd #sushil_financial_services
