Technocrat Ventures, to raise funds by public issues, IPO papers with SEBI

Draft papers have been filed with Capital Market Regulator SEBI to collect funds through technocrat Ventures, wastewater treatment solutions provider, initial share sale.

According to the draft Red Harring Prospectus (DRHP), the initial public offerings (IPO), the Promoter Kartiki Construction is a combination of equity shares up to 95.05 lakh and offer fur for sale of 23.76 lakh shares.

According to the draft papers, the new issue will provide Rs. Up to Rs 138 crore will be made to fund the company’s working capital requirements and for balance for general corporate purposes.

Included in 1998, Technorft Ventures is a multidisciplinary public infrastructure development company, which includes the treatment and maintenance of public utilities, electrical transmission and distribution networks, which are a multidisciplinary public infrastructure development company engaged in the implementation of turnkey engineering, procurement and construction agreement.

The company based in Gautam Budha Nagar has run projects under Key Central and State Sponsored Plans, including Atla Mission for Rejuvenation and Urban Transformation, Namami Gange Program and Minister Mantra Gram Sadak Yojana.

It also has the experience of implementing infrastructure projects funded by multilateral agencies like Asian Development Bank.

As of June 30, 2025, the order book of the technorft for the current projects was Rs 685.83 crore. Next, it will cost Rs. Running four ongoing projects worth 383.86 crore.

The company competes with prestigious players like Denta Water, VA Tech WABAG, EMS Limited and Enviro Infra Engineers.

The company has paid Rs. After the tax of Rs 28.20 crore, Rs. 279.56 crore operations and profit income.

It is proposed to list the company’s shares on BSE and NSE.

Khambatta Securities is the only book running lead manager while Bigasher Services is a registrar for IPOs.