Overview
- The IPO was oversubscribed 6.98 times by 10:45 am on Tuesday, August 11, 2026, driven most strongly by non‑institutional investors (NIIs).
- Technocraft had earlier allotted 35.63 lakh shares to anchor investors at Rs 212 each and raised Rs 75.55 crore before the public sale opened.
- The issue combines a fresh sale of up to 95.05 lakh shares with an offer for sale of up to 23.76 lakh shares, at a price band of Rs 200–212, valuing the offer at about Rs 251.88 crore at the top of the band.
- Of the fresh proceeds, Rs 150 crore is earmarked for working capital while the remainder will cover general corporate and offer expenses; the company reported an order book of about Rs 1,320.73 crore as of July 15, 2026.
- Market signals show a grey‑market premium near Rs 24–30, implying an estimated listing gain of roughly 11–14%, which together with strong subscription suggests a positive listing for the stock on NSE and BSE.