Technocraft Ventures IPO Day 3 Final Subscription Status: 38.69x Subscribed; GMP at ₹25-₹30
Technocraft Ventures IPO closed on Day 3 with 38.69 times overall subscription, led by Non-Institutional Investors (NIIs) at 65.06x. Qualified Institutional Buyers (QIBs) subscribed 42.26x, while retail demand reached 25.35x. Bidding closed on 11 August 2026. The latest Grey Market Premium (GMP) readings are not fully aligned, with credible trackers indicating roughly ₹25 to ₹30 per share after the closing-day surge.
| Metric | Final update |
| Bidding day | Day 3, Closing Day |
| Data status | Final after bidding closed on 11 August 2026 |
| Overall subscription | 38.69x |
| QIB subscription | 42.26x |
| NII subscription | 65.06x |
| Retail subscription | 25.35x |
| Current GMP | ₹25-₹30 |
| GMP percentage | 11.8%-14.2% |
| Indicative price | ₹237-₹242 |
| Closing date | 11 August 2026 |
Technocraft Ventures IPO Day 3 Subscription Status
The ₹251.88 crore issue received bids for about 32.18 crore shares against 83.17 lakh shares available to public investors.
| Investor category | Final subscription |
| Qualified Institutional Buyers (QIBs) | 42.26x |
| Non-Institutional Investors (NIIs) | 65.06x |
| Retail Individual Investors | 25.35x |
| Overall | 38.69x |
NII demand was the strongest category at the final close, although participation was broad across all three major investor groups. QIB demand also accelerated substantially on Closing Day, while the retail portion finished above 25 times subscribed.
These multiples measure the quantity of shares bid for relative to shares reserved in each category. They do not represent the number of unique applicants.
Final Day-wise Subscription Trend
Demand increased most sharply on the final bidding day.
| Bidding stage | Overall subscription | Leading category |
| Day 1 close | 2.59x | QIB, 4.47x |
| Day 2 close | 4.74x | NII, about 6.5x |
| Day 3 final | 38.69x | NII, 65.06x |
Day 1 had already closed above full subscription, with institutional and non-institutional investors ahead of retail demand. Day 2 brought broader participation, but the major change came on Day 3, when QIB, NII, and retail bids all increased sharply.
The final pattern can therefore be described as broad-based demand, rather than oversubscription driven by only one category.
Technocraft Ventures IPO GMP Today and Estimated Listing Price
The post-close GMP picture requires some caution because unofficial trackers are currently reporting different readings. Recent readings range from approximately ₹25 to ₹30 per share, compared with lower readings during the earlier bidding period.
At the IPO’s upper price band of ₹212, the calculations are:
- At ₹25 GMP: ₹212 + ₹25 = ₹237 indicative price
- At ₹30 GMP: ₹212 + ₹30 = ₹242 indicative price
- GMP percentage range: approximately 11.8% to 14.2%
The grey-market trend has therefore remained positive into Closing Day, even as individual tracker readings differ.
GMP is unofficial, unregulated, and can change quickly before listing. It is not an exchange-determined price, and neither a positive GMP nor high IPO subscription guarantees a premium listing.
What Stands Out in Today’s Bidding
Two points stand out from the final numbers.
First, demand accelerated significantly on Closing Day. Overall subscription moved from below 5x after Day 2 to 38.69x at the final close, with NIIs and QIBs contributing strongly to the increase.
Second, demand was not confined to one investor segment. Retail subscription of 25.35x, alongside much higher NII and QIB multiples, indicates participation across the main public categories.
There are also important limitations. Subscription measures bidding demand, not business quality, fair valuation, or future returns. Category multiples must also be viewed against the number of shares reserved for each class. GMP adds another sentiment signal, but it is informal and currently differs across trackers.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹200-₹212 per share |
| Lot size | 70 shares |
| Minimum retail investment | ₹14,840 |
| Total issue size | ₹251.88 crore |
| Fresh issue | About ₹201.51 crore |
| Offer for Sale (OFS) | About ₹50.37 crore |
| Issue type | Mainboard, book-built IPO |
| Closing date | 11 August 2026 |
| Expected listing date | 14 August 2026 |
| Exchange | BSE and NSE |
The minimum retail investment is calculated at the upper price band: 70 shares × ₹212 = ₹14,840.
Brief Company and Financial Context
Technocraft Ventures is an engineering, procurement, and construction (EPC) company focused mainly on public infrastructure projects, particularly water and wastewater infrastructure. These projects contributed the majority of its recent revenue. For the financial year ended March 2026, revenue from operations rose to about ₹345 crore, while consolidated profit increased to roughly ₹43.3 crore from ₹28.2 crore a year earlier.
The company plans to use ₹150 crore from fresh-issue proceeds for working capital, with the balance for general corporate purposes and related expenses. A key consideration is its dependence on government infrastructure projects and the working-capital requirements associated with EPC execution.
What Happens Next
With bidding closed, the basis of allotment is expected to be finalised on 12 August 2026. Refund or fund-unblocking activity and demat credit are expected to follow before the proposed 14 August 2026 listing on BSE and the National Stock Exchange of India (NSE).
Final allotment depends on the applicable allocation rules and valid applications in each investor category.
Frequently Asked Questions (FAQs)
Q: How many times was the Technocraft Ventures IPO subscribed on Day 3?
A: Technocraft Ventures IPO closed with 38.69x overall subscription on 11 August 2026. NIIs led at 65.06x, QIBs subscribed 42.26x, and the retail category finished at 25.35x.
Q: What is the Technocraft Ventures IPO GMP today?
A: Post-close GMP readings are currently around ₹25 to ₹30 per share, depending on the tracker. GMP is an unofficial and unregulated indicator, so different market sources can report different rates.
Q: What listing price does the current Technocraft Ventures IPO GMP indicate?
A: With an upper issue price of ₹212, a ₹25-₹30 GMP implies an indicative price of approximately ₹237 to ₹242 per share. This is only a grey-market indication and does not predict the actual exchange listing price.
Q: Does the 38.69x subscription guarantee a premium listing?
A: No. High subscription shows strong bidding demand relative to the shares available, but it does not establish fair valuation, business quality, or future returns. The eventual listing price depends on market conditions, investor sentiment, and demand when trading begins.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
