Technocrats Plasma Systems

Technocrats Plasma Systems SME IPO

Listed

BSE SMEOpens 14 August 2026Closes 18 August 2026

Technocrats Plasma Systems Limited (incorporated in 1994 as Technocrat Plasma Systems Private Limited) is an engineering-focused company engaged in providing plasma-based surface treatment, cutting, and welding…

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Live GMPSubscriptionAllotment
Price band
₹125 - ₹132
Issue size
₹60.98 Cr
Lot size
1,000 shares
Type
BSE SME
GMP
₹70 (+53.0%)
Est. listing
₹202
Est. profit / app
₹1,40,000
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹10
EPS
8.53
P/E ratio
15.47
RoNW
56.1%
ROE
56.1%
Debt / Equity
0.38
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Timeline

  1. IPO Opens

    14 Aug 2026

  2. IPO Closes

    18 Aug 2026

  3. Allotment

    19 Aug 2026

  4. Listing

    21 Aug 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date14 August 2026
IPO Close Date18 August 2026
Allotment Date19 August 2026
Listing Date21 August 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,64,000
SHNI (Min)
3₹3,96,000
SHNI (Max)
7₹9,24,000
BHNIAbove ₹10,00,000
8₹10,56,000

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)4.76%
BHNI (Big Non-Institutional Investor)9.52%
Retail35.00%
Market Maker5.00%
Total100.00%

IPO Objectives

  • Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises (₹8.79 Cr).
  • Funding towards long-term working capital requirements (₹40.00 Cr).
  • General Corporate Purposes.

Strengths

  • Three decades of engineering and manufacturing experience with an extensive installed base across India.
  • Indigenous design and in-house fabrication capabilities providing tight cost, schedule, and quality controls.
  • Comprehensive product and service range with custom engineering, retrofit, and lifecycle maintenance support.
  • Experienced promoter leadership and technically skilled execution teams.

Weaknesses

  • High customer concentration risk, with top 10 customers contributing 62.61% of FY26 revenue from operations.
  • Geographic concentration of revenue in Maharashtra (59.78%) and Gujarat (16.13%), accounting for over 75% of sales in FY26.
  • Negative net operating cash flows in FY25 and FY26 primarily due to substantial working capital requirements.
  • Absence of long-term supply contracts for raw materials and bought-out components.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)72.0636.7213.55
Revenue (₹ Cr.)131.3149.366.06
PAT (₹ Cr.)14.948.112.21
Net Worth (₹ Cr.)39.0114.243.74

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Technocrats Plasma Systems4.3615.4756.1%39.01
Jyoti CNC Automation9.7560.6216.79%88.01
Patil Automation3.832.7811.6%62.5

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0.89x169.54x
NII0.6x5.75x311.97x
S-HNI0.61x5.76x186.74x
B-HNI0.6x5.74x374.59x
RII0.59x8.44x176.05x
Total0.42x5.71x203.36x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB8,77,00014,86,83,0001,962.62
NII6,60,00020,59,03,0002,717.92
Small NII2,20,0004,10,82,000542.28
Big NII4,40,00016,48,21,0002,175.64
RII15,38,00027,07,58,0003,574.01
Total30,75,00062,53,44,0008,254.54
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Company Details

  • Technocrats Plasma Systems Limited
  • Gala No. 6, 7, 8, 105, 106, 107, 108, Nirav-2, Gaon Devi Industrial Estate, Sativali, Vasai East, Dist. Palghar – 401 208, Maharashtra, India
  • +91 78880 99611
  • cs@technocratplasma.com
  • https://www.technocratplasma.com/

Registrar Details

Frequently Asked Questions

What does Technocrats Plasma Systems Limited do?
Technocrats Plasma Systems Limited designs, develops, and manufactures plasma cutting machines, welding equipment, and customized industrial automation systems for fabrication, automotive, and infrastructure sectors.
What are the IPO dates for Technocrats Plasma Systems SME IPO?
The Technocrats Plasma Systems SME IPO opened for public subscription on August 14, 2026, and closes on August 18, 2026 (Anchor bidding took place on August 13, 2026).
What is the price band and minimum investment for Technocrats Plasma Systems SME IPO?
The price band is fixed at ₹125 to ₹132 per equity share. Retail investors must apply for a minimum of 2 lots (2,000 shares), requiring an investment of ₹2,64,000 at the upper price band.
What is the total issue size of Technocrats Plasma Systems SME IPO?
The total issue size is ₹60.98 Crores (46,20,000 equity shares), consisting entirely of a Fresh Issue of equity shares.
What is the tentative listing date for Technocrats Plasma Systems SME IPO?
The equity shares of Technocrats Plasma Systems Limited are tentatively scheduled to list on the BSE SME platform on August 21, 2026.

Technocrats Plasma Systems SME IPO News & Updates

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Technocrats Plasma Systems SME IPO IPO Pages

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Technocrats Plasma Systems SME IPO Details

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Technocrats Plasma Systems SME IPO GMP

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Technocrats Plasma Systems SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Technocrats Plasma Systems SME IPO Allotment

Allotment date, chances, and check by PAN

Technocrats Plasma Systems SME IPO Review

SWOT, strengths, risks, and IPO review

Technocrats Plasma Systems SME IPO FAQ

Common questions on dates, GMP, and allotment

Technocrats Plasma Systems SME IPO Registrar

Registrar website and how to check allotment

Technocrats Plasma Systems SME IPO Timeline

Open, close, allotment, and listing dates

Technocrats Plasma Systems SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Technocrats Plasma Systems SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Maashitla Securities Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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