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The initial public offering (IPO) of infrastructure company Technocraft Ventures Ltd received 2.59 times subscription on the first day of share sale on Friday. The company's IPO garnered bids for 2,15,61,120 shares against 83,17,190 shares on offer, as per NSE data. The category for qualified institutional buyers (QIBs) fetched 4.47 times subscription, while the quota for non-institutional investors received 3.80 times subscription. Retail investors portion got fully subscribed. Technocraft Ventures Ltd on Thursday raised Rs 75.55 crore from anchor investors. The company's IPO will conclude on August 11. It has fixed a price band of Rs 200-212 per share for the issue. The IPO comprises a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions. At the upper end of the price band, the total issue size works out to about Rs 251.88 crore. Of the fresh issue proceeds, Rs 150 crore will be used to fund the
The government on Tuesday said India has adequate stocks of petrol, diesel and LPG, and that all refineries are operating at high capacity despite disruptions linked to the Strait of Hormuz situation. In an update on fuel availability, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said petrol pumps across the country remain fully functional, though panic buying triggered by rumours led to unusually high sales in some areas. She urged citizens not to engage in hoarding and to rely on official information. Sharma said domestic LPG production has been stepped up, with no reported dry-outs at distributorships, even as supply remains under pressure due to the prevailing geopolitical situation. Deliveries continue as normal, she added. Natural gas supplies to priority segments such as domestic PNG and CNG transport remain fully protected, while supplies to industrial and commercial users are being maintained at about 80 per cent of average consumption. The