Technocraft Ventures IPO Day 2 Subscription Status: 4.73x Subscribed; GMP at ₹23-₹28
Technocraft Ventures Limited’s IPO was subscribed 4.73 times on Day 2, as of early evening on 10 August 2026, with Non-Institutional Investors (NIIs) leading at about 6.48 times. Qualified Institutional Buyers (QIBs) were at 4.50 times, while retail demand reached 4.12 times. The issue remains open until 11 August. Grey Market Premium (GMP) trackers showed a wider ₹23 to ₹28 range on 10 August.
| Metric | Latest update |
| Bidding day | Day 2 |
| Data status | Early evening (5:00 p.m. to 6:29 p.m. IST), 10 August 2026 |
| Overall subscription | 4.73x |
| QIB subscription | 4.50x |
| NII subscription | 6.48x |
| Retail subscription | 4.12x |
| Employee/shareholder category | Not separately reported |
| Current GMP | ₹23 to ₹28 |
| GMP percentage | 10.8% to 13.2% |
| Indicative price | ₹235 to ₹240 |
| Closing date | 11 August 2026 |
Technocraft Ventures IPO Day 2 Subscription Status
The IPO had received bids for about 3.93 crore shares against 83.17 lakh shares available for public bidding, taking the overall subscription to 4.73 times in early evening on Day 2. The NII category remained the most subscribed segment, followed by QIBs and retail investors.
| Investor category | Day 2 | Day 1 close | Change |
| Qualified Institutional Buyers (QIBs) | 4.50x | 4.47x | +0.03x |
| Non-Institutional Investors (NIIs) | 6.48x | 3.80x | +2.68x |
| Retail Individual Investors | 4.12x | 1.01x | +3.11x |
| Overall | 4.73x | 2.59x | +2.14x |
Subscription multiples measure bid quantity relative to shares reserved for each category. They do not represent the number of unique applicants, and different reservation sizes mean category multiples should not be compared in isolation.
How Subscription Changed From Day 1
Technocraft Ventures ended Day 1 with an overall subscription of 2.59 times, including QIB demand of 4.47 times, NII demand of 3.80 times, and retail subscription of about 1.01 times.
By Day 2, overall demand had risen by 2.14 times. The largest increase in absolute subscription multiple came from retail investors, which moved from roughly 1.01 times to 4.12 times. NII demand also accelerated to about 6.48 times.
QIB demand, meanwhile, was broadly stable near 4.5 times. This means Day 2 broadened participation materially beyond the institutional demand already visible on the opening day. Closing Day can still alter the category mix, particularly because institutional participation can build later in an IPO bidding period.
Technocraft Ventures IPO GMP Today and Estimated Listing Price
The Grey Market Premium is less clear-cut than the exchange subscription data. GMP trackers showed readings ranging from approximately ₹23 to ₹28 per share on 10 August 2026, indicating some disagreement in the unofficial market. One tracker showed ₹23, unchanged from its 9 August reading, while another later Day 2 tracker showed about ₹28.
At the upper price band of ₹212:
- ₹23 GMP: Indicative price = ₹212 + ₹23 = ₹235, or about 10.8% above the upper band.
- ₹28 GMP: Indicative price = ₹212 + ₹28 = ₹240, or about 13.2% above the upper band.
The GMP is unofficial, unregulated, and can change quickly. The indicative prices above are simple arithmetic estimates, not forecasts or guarantees of the eventual listing price.
What Stands Out in Today’s Bidding
Two developments are notable. First, overall subscription rose from 2.59 times at the Day 1 close to 4.73 times on Day 2. Second, demand became more broad-based as both retail and NII participation increased significantly, while QIB subscription remained above four times.
There are also important limitations. Subscription numbers show demand for the reserved shares, not business quality, fair valuation, or future returns. Similarly, the GMP range is an unofficial sentiment indicator and currently varies across trackers. High bidding demand and a positive GMP therefore do not guarantee a premium listing.
IPO Details Retail Investors Need
| Detail | Technocraft Ventures IPO |
| Price band | ₹200 to ₹212 per share |
| Lot size | 70 shares |
| Minimum retail investment | ₹14,840 at upper band |
| Total issue size | ₹251.88 crore |
| Fresh issue | ₹201.51 crore |
| Offer for Sale (OFS) | ₹50.37 crore |
| Issue type | Book-built mainboard IPO |
| Closing date | 11 August 2026 |
| Expected listing date | 14 August 2026 |
| Exchange | BSE and NSE |
The offer consists of a fresh issue of up to 95.05 lakh shares and an OFS of 23.76 lakh shares.
Brief Company and Financial Context
Technocraft Ventures is an engineering, procurement, and construction company focused on public infrastructure, particularly water and wastewater projects. It also undertakes roads, power distribution, and urban infrastructure work. Revenue from operations increased to about ₹344.99 crore in FY2026 from ₹279.56 crore in FY2025, while profit after tax rose to ₹43.32 crore from ₹28.20 crore.
The company plans to use ₹150 crore of fresh-issue proceeds for working-capital requirements, with the balance primarily for general corporate purposes. Key considerations include dependence on government and public-sector projects, working-capital intensity, and execution risk associated with infrastructure contracts.
What Happens Next
The Technocraft Ventures IPO enters Closing Day on 11 August 2026. Investors tracking demand can watch whether QIB participation accelerates, whether the NII and retail categories maintain their Day 2 momentum, and whether the current GMP range narrows or changes. Day 2 figures remain interim and should not be treated as the final subscription outcome.
Frequently Asked Questions (FAQs)
Q: How many times was the Technocraft Ventures IPO subscribed on Day 2?
A: Technocraft Ventures IPO was subscribed about 4.73 times overall in early evening on 10 August 2026. NII demand led at around 6.48 times, followed by QIBs at 4.50 times and retail investors at 4.12 times.
Q: What is the Technocraft Ventures IPO GMP today?
A: Grey market trackers showed a ₹23 to ₹28 per share range on 10 August 2026. The difference reflects the unofficial and fast-changing nature of the grey market, so GMP should not be treated as a guaranteed listing indicator.
Q: What listing price does the current Technocraft Ventures IPO GMP indicate?
A: With an upper issue price of ₹212, a ₹23 GMP gives an indicative price of ₹235, while a ₹28 GMP gives about ₹240. That represents an indicative premium range of roughly 10.8% to 13.2%.
Q: Does high Technocraft Ventures IPO subscription guarantee a premium listing?
A: No. Subscription shows bidding demand relative to shares available, while GMP reflects unofficial market sentiment. Neither establishes fair valuation, business quality, or the eventual listing price, and both can change before the shares begin trading.
Disclaimer
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