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The primary market is currently flooded with IPOs, offering investors excellent earning opportunities. In this context, the Technocraft Ventures IPO is currently the center of discussion in the market. This is your last chance to invest in this IPO, which opened last Friday, as it closes for subscription tomorrow, Tuesday, August 11, 2026. The stock’s impressive performance in the gray market is boosting investor enthusiasm, while brokerage firms have also expressed a positive outlook.

IPO price band and important dates

Technocraft Ventures’ management has set a price band of ₹200 to ₹212 per equity share for this public issue . The company aims to raise a total of ₹252 crore from the market through this issue . This book-build issue includes a fresh issue of shares as well as an offer for sale (OFS) through which existing shareholders will sell their stake. The company’s shares are proposed to be listed on both the BSE and NSE, the major exchanges. The expected date for finalizing share allotment to investors is August 12, 2026, with the shares expected to be listed on the stock exchanges on August 14, 2026. Khambatta Securities has been appointed as the lead manager and Bigshare Services as the official registrar for this issue.

Gray market rally and signs of strong listing gains

In the gray market (GMP), Technocraft Ventures’ IPO appears to be offering investors substantial profits. According to market data, the stock traded at a premium of ₹21 in the gray market on Monday , a significant improvement from last week’s ₹10 to ₹11. Its GMP on some other platforms is even above ₹25. Given this strong premium, it is anticipated that the company could have a strong entry into the stock market and could list above its upper price band of ₹212, or even beyond ₹230.

Opinion of brokerage firms and should investors invest?

Renowned brokerage Anand Rathi has shared its report on the valuation and business model of this IPO. According to the brokerage, the company’s valuation at the upper price band is approximately 19.4x based on an annualized EPS of ₹14.39 for FY2026. The company’s total market capitalization after the issue is estimated to be approximately ₹8,397 million. The company’s diversified order book and integrated EPC capabilities position it for strong long-term growth. While its valuation is relatively reasonable compared to its listed peers, strong gray market sentiment could be attractive to investors.