Overview
- The IPO closed 38.69 times after Tuesday's final day of bidding, receiving bids for 32,17,81,040 shares against 83,17,190 shares on offer.
- Demand was strong across categories with non-institutional investors booked 65.06x, qualified institutional buyers 42.26x, and retail investors 25.35x.
- Technocraft allotted 35.63 lakh shares to anchor investors at the upper band of Rs 212 each, raising Rs 75.55 crore before the public offer opened.
- The issue comprises a fresh sale of up to 95.05 lakh shares and an offer-for-sale of up to 23.76 lakh shares, with Rs 150 crore of fresh proceeds earmarked for working capital.
- Technocraft is an established EPC contractor serving state government infrastructure projects and its heavy subscription reflects investor appetite for firms with visible order books and steady government revenues; informal grey-market indicators show a Rs 29–31 GMP that implies a roughly 14–15% listing gain but these signals are unconfirmed.