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Technocraft Ventures

• Technocraft Ventures is coming out with a 100% book building; initial public offering (IPO) of 1,18,81,000 shares of face value Rs 10 each in a price band Rs 200-212 per equity share. 
• Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail investors.
• The issue will open for subscription on August 07, 2026 and will close on August 11, 2026.
• The shares will be listed on BSE as well as NSE.
• The face value of the share is Rs 10 and is priced 20.00 times of its face value on the lower side and 21.20 times on the higher side.
• Book running lead manager to the issue is Khambatta Securities.
• Compliance officer for the issue is Shefali Kesarwani. 

Profile of the company

Technocraft Ventures is a multidisciplinary public infrastructure development company engaged in the execution of turnkey Engineering, Procurement and Construction (EPC) contracts. It operates across various infrastructure segments, including Water & Wastewater Infrastructure such as Water Supply Scheme Projects (WSSPs), Sewerage Networks, Sewerage Treatment Plants (STPs), Wastewater Treatment Plants (WWTPs), Transmission mains, Reservoirs, Trenchless & Micro tunnelling Works, Roads and Highways work, Electrical Transmission work, Urban Infrastructure which includes sector-level planning and execution of residential building projects and Operation and Maintenance (O&M) of public utilities. It executes projects primarily for state governments and government agencies across Northern & Central India, including Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Territory of Delhi.

Its project execution model is predominantly tender-based, with contracts awarded by state agencies, public works departments, urban local bodies, and other government bodies. It operates across multiple project locations and operates through dedicated site teams aligned with the nature and geography of individual contracts. It has executed projects under key central and state-sponsored schemes including the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Urban Infrastructure Development Scheme in Satellite Towns (UIDSST), Namami Gange Programme (Namami Gange), Jal Jeevan Mission (JJM), and Pradhan Mantri Gram Sadak Yojana (PMGSY). It also has experience in implementing infrastructure project funded Asian Development Bank (ADB), which require compliance with rigorous technical and environmental standards.

Its integrated in-house capabilities span civil project designing, construction, mechanical and electrical integration, and commissioning. These enable it to offer comprehensive infrastructure solutions from concept to delivery. Additionally, it supports long-term asset sustainability through its operations and maintenance (O&M) services across WWTP, STP and road projects, reinforcing its lifecycle approach to public infrastructure.

Proceed is being used for: 

• Funding of working capital requirements of the company
• General corporate purposes

Industry overview

The Engineering, Procurement, and Construction (EPC) industry in India is a vital part of the country’s infrastructure development, encompassing sectors like infrastructure, and industrial projects. India’s infrastructure EPC sector is set for robust growth, with the construction industry projected to grow at a CAGR of 7-9% between FY 2023 and FY 2028, supported by government initiatives like NIP, PM Gati Shakti, and AMRUT 2.0. With Rs 3.2 trillion earmarked for water supply and sanitation under the NIP, demand is rising for EPC players with sectoral expertise, integrated O&M capabilities, and technology-driven execution. The Company, with proven experience in wastewater management, micro tunnelling, and renewable integration, is well-positioned to capitalize on these emerging opportunities.

Over the years, the infrastructure business has seen various contracting methods evolve. Traditional contracting models have been replaced by new approaches as projects have grown more complex. Gradually, the responsibility for project management has moved from the owner or developer to the contractor. This shift is evident in the move from owner-managed projects to EPC contracts. In EPC contracts, the contractor assumes the risks of time and cost overruns, along with the responsibilities for design, material procurement, and construction. These contracts also shield the owner/developer from currency and interest rate fluctuations.

Pros and strengths 

Diversified EPC capabilities across core infrastructure sectors: The company is engaged in the execution of turnkey Engineering, Procurement and Construction (EPC) contracts. It operates across various infrastructure segments, including Water & Wastewater Infrastructure such as Water Supply Scheme Projects (WSSPs), Sewerage Networks, Sewerage Treatment Plants (STPs), Wastewater Treatment Plants (WWTPs), Transmission mains, Reservoirs, Trenchless & Micro tunnelling Works, Roads and Highways work, Electrical Transmission work, Urban Infrastructure which includes sector-level planning and execution of residential building projects and Operation and Maintenance (“O&M”) of public utilities.  It has laid over 1,200 KMs of sewer pipelines across cities such as Kota, Kotputli, Bikaner, Indore, Ghaziabad, Agra, Udaipur, Etah, Pilakhuwa, Jaunpur and Shahjahanpur out of which around 750 KMs had been commissioned. Additionally, it has undertaken integrated water infrastructure projects, including underground reservoirs and water pipelines in Noida.

Execution capabilities demonstrated through high-value government and multilateral projects, with strong financial growth: The company has demonstrated the technical and financial capacity to execute complex, large-scale public infrastructure projects awarded by central government agencies and multilateral institutions. Notably, its sewerage network project in Udaipur, Rajasthan, funded by the Asian Development Bank (ADB) and valued at Rs 828.10 million (as per experience certificate with final payment due, the amount is including unexecuted O&M), involved the design, supply, construction, and commissioning under stringent technical specifications, along with a 10 years O&M obligation. Such mandates require adherence to stringent international procurement norms and performance benchmarks, which it has successfully met. This performance highlights its operational capabilities and efficiency in delivering infrastructure projects at scale across varied funding models. Its proven ability to execute under such frameworks positions it as a competitive participant in upcoming multilateral and centrally-sponsored infrastructure programs.

In-House engineering strength with technological adaptation: Its execution model is supported by a dedicated in-house engineering team comprising 78 professionals across civil, mechanical, electrical, instrumentation, and environmental disciplines led by Vinay KumarShukla, Vice President (Engineering) of the Company. This team enables it to respond to varied project demands and integrate advanced technologies into design and execution workflows. It has successfully deployed micro-tunnelling and trenchless pipeline installation technologies in high-density urban areas to reduce surface disruption while enabling the installation of large-diameter underground pipelines. These technologies have been utilized in various projects across locations including projects in Delhi (Bhagirathi WTP), Shahjahanpur, Jaunpur, Kotputli, Kota, Bikaner, Agra, Ghaziabad, Etah, Pilakhuwa and Udaipur. In addition, it leverages digital tools and engineering software such as Auto CAD for monitoring site execution levels, managing project records, and optimizing resource allocation across construction sites.

Regulatory-approved electrical works capabilities with statewide licenses: It holds ‘Class A’ Electrical Contractor’s Licenses from the Electrical Inspectorate Department, Government of Rajasthan, and the Department of Electrical Safety, Government of Uttarakhand among the highest categories required to execute high-tension (HT) and extra high-tension (EHT) transmission and distribution projects. These certifications authorize it to independently undertake critical electrical infrastructure works, including substation erection, transformer installation, and HT/LT cable laying. These certifications authorize it to undertake high tension (HT) and extra high-tension (EHT) electrical infrastructure projects independently.

Risks and concerns

Dependence on government-funded infrastructure projects: A substantial portion of its revenues is derived from contracts awarded by Central and State Governments, local authorities under Government-led schemes such as the Atal Mission for Rejuvenation and Urban Transformation, Jal Jeevan Mission, Namami Gange and Pradhan Mantri Gram Sadak Yojana. Its order book is therefore highly dependent on Government budgetary allocations and policy priorities. Any reduction or reallocation in public spending, delay in issuance of tenders, change in pre-qualification norms, or cancellation of awarded projects could materially reduce its pipeline of opportunities.

Its operations are geographically concentrated in Uttar Pradesh and Rajasthan: Its project portfolio has historically been concentrated in projects in Uttar Pradesh and Rajasthan. Rajasthan contributed 63.05%, 59.58% and 32.31%, while Uttar Pradesh contributed 25.53%, 27.05% and 61.15% of the Company's total revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The company has not faced any instance of disqualification, cancellation, or blacklisting of any project in these states in past, there can be no assurance that such circumstances will not arise in the future, which could adversely affect its business, financial condition, and results of operations.

Dependence on third-party suppliers for critical materials, equipment, and other inputs: The company depends on external suppliers for critical inputs, and any shortfall in their performance could adversely affect its project delivery timelines and quality. While the core design, engineering, and construction activities across its infrastructure segments including WWTPs, WSSPs, roads, and electrical works are predominantly executed by its in-house teams, it relies on suppliers for the timely provision of key inputs such as raw materials, plant and machinery, and specialized equipment. Any delay or deficiency in the delivery of such inputs whether due to material shortages, logistical disruptions, supply chain constraints, or quality issues may adversely impact its execution timelines, escalate project costs, or affect the quality of deliverables.

Reliance on third-party subcontractors and contract labour: The company executes works using third-party sub-contractors who deploy contract labour for civil construction, electrical works and site operations depending on project scale and location. The availability, skill level and cost of such sub-contractors’ deployed workmen vary across geographies and may be influenced by seasonal factors or competing infrastructure demands. There is no assurance that it or its sub-contractors will always have access to an adequate pool of skilled workmen at competitive rates. Labour shortages or disruptions during peak construction phases may delay execution, inflate costs or compromise workmanship. Additionally, variations in local labour regulations, unionisation risks and site-specific conditions could further affect deployment. Any such event may adversely affect its project timelines, cost efficiency, and overall operations.

Outlook

The company is a multidisciplinary EPC company specializing in public infrastructure projects across northern India, with a focus on water supply, wastewater treatment, sewerage, roads and highways and electrification. Its services span design, construction, and long-term O&M of urban infrastructure including STPs, WWTPs, drainage networks, substations and roadworks. On the concern side, its growth is significantly dependent on leveraging government initiatives in the water and wastewater infrastructure sector and its inability to capitalize on these opportunities could adversely affect its business prospects. Additionally, its operations are working capital intensive, and any shortfall or delay in the availability of working capital may adversely affect its project execution, business, financial condition, cash flows and results of operations.

The issue has been offering 1,18,81,000 shares in a price band of Rs 200-212 per equity share. The aggregate size of the offer is around Rs 237.62 crore to Rs 251.88 crore based on lower and upper price band respectively. Minimum application is to be made for 70 shares and in multiples thereon, thereafter. On performance front, its revenue from operations increased by 23.41% to Rs 3,449.96 million for Fiscal 2026 as compared to Rs 2,795.64 million for Fiscal 2025. Its profit for the year increased by 53.58% to Rs 433.15 million for Fiscal 2026 compared to Rs 282.04 million for Fiscal 2025.

Meanwhile, it intends to expand the scale of its infrastructure projects, with a strategic focus on high-capacity water and wastewater treatment plants. It has demonstrated execution capability across capacities ranging from 3 MLD to 56 MLD for STPs, showcasing its expertise in managing both small and largescale infrastructure works. Further, it is focusing on scaling its operations into higher-capacity projects. This includes entering the Common Effluent Treatment Plant (CETP) sector with a target of reaching 50 MLD for CETPs and 200 MLD for STPs in the coming years.

Optimystix Entertainment India

• Optimystix Entertainment India is coming out with an initial public offering (IPO) of 62,00,000 shares in a price band of Rs 166 - 175 per equity share.
• The issue will open for subscription on August 07, 2026 and will close on August 11, 2026.
• The shares will be listed on SME Platform of NSE.
• The face value of the share is Rs 10 and is priced 16.60 times of its face value on the lower side and 17.50 times on the higher side.
• Book running lead managers to the issue are LSI Financial Services and Nexgen Financial Solutions.
• Compliance officer for the issue is Shikha Kailash Kedia.

Profile of the company

Optimystix Entertainment India is engaged in the business of content creation for television, films and digital platforms. It has produced more than 150 television shows, comprising over 7,500 hours of original programming, across all major national broadcasters. The company is among the few Indian production houses that has consistently operated across both fiction and non-fiction formats at scale. It has created landmark shows such as Comedy Circus and Crime Patrol, which are regarded within the industry as significant contributors to the growth of comedy and crime programming in India. It has also delivered long-running and iconic shows such as Laughter Chefs, Baalveer, Rising Star, Saas Bina Sasural and Ladies Special. Its franchises in comedy, crime and children’s genres are among the long-running formats in the industry, some of which have achieved recognition in industry records.

Its work has been recognised with more than 60 awards across various categories in the Indian television industry. It operates as a debt-free enterprise and has maintained a presence across prime-time slots with a steady pipeline of programming. The company undertakes end-to-end content creation with in-house capabilities that include ideation, scripting, production and post-production. Known within the industry for balancing commercially successful content with themes of social relevance, including women empowerment and family-centric storytelling, it has developed strong brand equity with broadcasters and audiences. Its long-standing relationships with broadcasters, studios and over the-top (OTT) platforms contribute to recurring demand for its programming and to a diversified revenue base across multiple platforms. 

With a rich legacy in television, strategic expansion, and a growing presence in feature films, OTT programming and digital, it is positioned to leverage the rapid growth of India’s media and entertainment sector. The company seeks to capitalize on rising demand for high-quality, multi-platform entertainment content, both domestically and globally, while continuing to build enduring franchises and innovative formats that cater to evolving audience preferences.

Proceed is being used for:

• Meeting working capital requirements
• General corporate purposes

Industry overview

The Indian film industry, commonly known as Bollywood, has emerged as a global cinematic force, captivating audiences worldwide with its unique blend of vibrant storytelling, larger-than-life characters, and intricate dance sequences. Over the years, Bollywood has evolved significantly, adapting to modern technologies and trends while preserving its rich cultural heritage. From the golden age of classic cinema to the modern era of digital platforms, the Indian film industry has consistently produced films that resonate with audiences across cultures and generations. The industry's ability to blend traditional storytelling with contemporary themes and aesthetics has contributed to its enduring popularity and global reach.

The film entertainment segment is expected to grow at a CAGR of 4.4%, reaching Rs 213 billion by 2027, up from Rs 187 billion in 2024. Theatrical revenues are likely to remain strong, with an increasing number of screen installations, especially in Tier II and III cities, driving growth. High-end multiplexes offering premium experiences will cater to affluent audiences, while affordable cinemas will target the middle-class audience. Digital rights and streaming deals with OTT platforms are becoming a major revenue stream for the film industry. With many films opting for direct-to-digital releases, OTT platforms will continue to support the growth of the film segment by acquiring digital rights.

The availability of affordable smartphones and low-cost data plans has been instrumental in expanding access to digital content across India. As of 2023, India ranks 7th globally in terms of affordable mobile data prices, with an average cost of $0.16 per GB. The cheapest plan costs $0.02 per GB, while the most expensive plan is $43.75. This affordability reflects India's strong position in providing low-cost internet services, contributing significantly to the rapid growth of internet adoption across the country. The widespread availability of budget smartphones has also enabled users from diverse economic backgrounds to connect to the internet, further fuelling the growth of digital content consumption. Meanwhile, technological advancements, particularly the rollout of 5G networks, are expected to further boost digital content consumption. 5G technology promises enhanced streaming quality and faster internet speeds, which will improve the overall user experience. As consumers seek higher-quality content and more reliable connectivity, the adoption of 5G is likely to drive increased engagement with digital platforms.

Pros and strengths

Proven legacy of culturally iconic, record-setting TV franchises:  Its promoters and senior management have a track record of over 25 years in the Indian entertainment industry, during which it has produced more than 150 shows and over 7,500 hours of programming across all major Indian broadcasters. Its portfolio includes multi-season properties in both fiction and non-fiction formats. Notable productions include Comedy Circus (8-year run, included in the Limca Book of Records), Crime Patrol (1100 plus episodes, acknowledged by Mumbai Police for its role in crime awareness) and Baalveer (over 2000 episodes included in the Limca Book of Records). Other multi-season programming includes Rising Star, Sabse Smart Kaun and Saas Bina Sasural. It has built a library of formats which can be reintroduced through adaptations and digital extensions. 

Multi-genre, multi-platform engine with diversified revenues: It operates a content production system that spans multiple genres and platforms, producing programming for television, digital media, and filmed entertainment. End-to-end capability across TV, films, and OTT; one of the few Indian studios operating fiction & non-fiction at scale. This varied content scope reduces dependence on any single genre and supports ongoing risk management in programming decisions. Its revenue streams reflect this diversified production approach. Income is generated through commissioned programming for major broadcasters including Sony, Colours, Zee TV, Star India, and SAB TV. Furthermore, the film segment includes theatrical and direct-to-digital releases. This multifaceted business model enables revenue diversification and supports operational resilience amidst market variability. 

In-house creative & production capabilities: It has in-house teams managing creative development, scripting, production and post-production. This vertical integration provides oversight over content quality, ensures alignment with creative objectives and enables cost efficiencies. It also allows it to manage multiple projects simultaneously without reliance on external vendors. It applies data-based processes in evaluating new projects, including audience insights for greenlighting decisions. It has the capability to localise and adapt formats, as well as to create original intellectual property for cross platform use. Examples include India’s first live interactive show Rising Star and the play-along format Sabse Smart Kaun. It also adapts international formats for Indian audiences and develops original content for wider markets. These capabilities form the basis of its production consistency and delivery standards, supported by operational playbooks that allow scale across television, film and digital without compromising quality. 

Risks and concerns

Significant revenue reliance on limited customers: A significant portion of its revenue is derived from a limited number of customers, primarily major television broadcasters, film studios and Over-the-Top (OTT) platforms. For the fiscal years ended March 31, 2026 March 31, 2025 and 2024, its top 5 customers accounted for 85.05% ,78.91% and 99.93% of its total revenue, respectively. Its largest customer, Jiostar India accounted for 36.21% of its revenue in March 31, 2026. Its arrangements with these broadcasters, film studios and platforms are typically on a project-by-project basis or for a fixed term, and there is no certainty of renewal or greenlighting of a new film production. The television, film and digital content industry is characterized by evolving programming strategies audience preferences, which can lead to the cancellation of existing shows or a reduction in the volume of content commissioned from it or reduction of film projects being green-lit by the film studio. The loss of any of its key customers, a decision by them to reduce their content acquisition budgets, or a shift in their programming preferences could lead to a sharp decline in its revenues.

Business success depends on commercial viability of television shows, web-series, films: The entertainment industry is highly speculative, and the commercial success of its content is largely dependent on audience acceptance. Audience tastes are fickle and can change rapidly, making it difficult to predict the appeal of any given project. A significant portion of its revenue is often derived from a small number of successful shows. For example, its long-running and popular shows like Comedy Circus, Crime Patrol, Rising Star and Baalveer have been significant revenue drivers in the past but there is no guarantee that its future projects will achieve similar success. In fact, there are also other TV shows created by the company that have not been renewed by channels. 

Expansion into new content formats requires significant working capital: Its revenue grew from Rs 5,476.24 lakh in Fiscal 2024 to Rs 13,498.75 lakh in Fiscal 2026, representing a CAGR of 57.00%. Its rapid growth and expansion into films, OTT and digital-first intellectual properties require significant working capital, financing and technological integration, and any failure to manage these effectively could adversely affect its business, financial condition and results of operations. To sustain growth, it is expanding into Films, OTT, and digital-first IPs. Execution requires increased working capital, additional financing, and integration of new technology platforms. If it is unable to manage resources effectively, its growth and profitability may be constrained.

Outlook

Optimystix Entertainment India is in the business of production of Television Serials, production of digital contents, production & distribution of films and events. It has in-house teams managing creative development, scripting, production and post-production. This vertical integration provides oversight over content quality, ensures alignment with creative objectives and enables cost efficiencies. On the concern side, it does not own the intellectual property rights for its television and Over-The-Top (OTT) content as it operates on a 'cost-plus' model. This limits its ability to generate long-term revenue streams from its content library and makes it dependent on the continuous commissioning of new projects from broadcasters and platforms.

The company is coming out with a maiden IPO of 62,00,000 equity shares of face value of Rs 10 each. The issue has been offered in a price band of Rs 166-175 per equity share. The aggregate size of the offer is around Rs 102.92 crore to Rs 108.50 crore based on lower and upper price band respectively. On performance front, revenue from operations increased by 8.52% from Rs 12,439.35 lakh in Fiscal 2025 as compared to Rs 13,498.75 lakh in Fiscal 2026. Profit after tax increased by 39.45% from Rs 1,723.76 lakh in Fiscal 2025 to Rs 2,403.77 lakh in Fiscal 2026.

Meanwhile, it expects that India’s economic growth will support higher spending on entertainment across theatres, television and digital platforms. Increasing penetration of screens across the country, particularly in Hindi-speaking markets in northern India, is anticipated to expand screen availability per release, generate higher box office revenues and create greater demand for content tailored to Tier 2 and Tier 3 audiences. Going forward, it intends to broaden its slate across multiple genres and formats, including theatrical films, direct-to-digital releases, series and animation films. This diversified portfolio is expected to expand audience reach, mitigate concentration risk and enhance revenue predictability, supported by a mix of productions across different budget levels.

Pursuant to the provisions of Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Suven Life Sciences has informed that the Board of Directors of the Company, at its meeting held today, August 6, 2026, has considered and approved Un-Audited Financial Results (Standalone and Consolidated) along with review reports of the Statutory Auditors for the quarter ended 30th June, 2026. The company has enclosed the following documents:- 1. The Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2026 enclosed as Annexure 1, 2. Limited Review Reports of Statutory Auditors of the Company enclosed as Annexure 2, 3. News Release of the Company enclosed as Annexure 3. Update on patents are available at: https://www.suven.com/Patentupdates.aspx. The Board Meeting commenced at 11:30 AM (IST) and concluded at 12:30 PM (IST).

The above information is a part of company’s filings submitted to BSE.

Tarai Foods has informed that a meeting of Board of Directors of the Company will be held on Friday, 14th August 2026 at 5:00 PM at Sandhu Farms, Rudrapur to consider and take on record the unaudited financial results for the quarter ended 30 June 2026. Further, as per the ‘Code of conduct’ adopted by the Company under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and as per the provisions of Section 195 of the Companies Act, 2013, the Trading Window of the Company shall remain closed from 7th August 2026 till Forty-eight hours after the date of Board Meeting i.e, 14th August 2026 for Directors, officers and Designated Employees and their immediate relatives.

The above information is a part of company’s filings submitted to BSE.