Technocrats Plasma Systems IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,64,000
2 lots · 2,000 shares at the upper price band
Price band
₹132
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹57.93 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹132
- Issue size
- ₹57.93 Cr
- Lot size
- 1,000
- Opens
- 14 Aug 2026
- Closes
- 18 Aug 2026
- Allotment
- 19 Aug 2026
- Listing
- 21 Aug 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Maashitla Securities Pvt.Ltd.
- Minimum investment
- ₹2,64,000 (2 lots · 2,000 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 20 Aug 2026
- Shares credited
- 20 Aug 2026
- Promoter holding
- 86.96% before · 64% after
- Lead managers
- Rarever Financial Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 18 Aug 2026, 1:24 pm.
Total subscription
142.48x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:59 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 14 to 18 Aug, 2026 |
|---|---|
| Listed on | Fri, Aug 21, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹125 to ₹132 |
| Issue Price | ₹132 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 46,20,000 shares (agg. up to ₹ 61 Cr) |
|---|---|
| Reserved for Market Maker | 2,31,000 shares (agg. up to ₹ 3 Cr) Aftertrade Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 43,89,000 shares (agg. up to ₹ 58 Cr) |
| Net Offered to Public | 43,89,000 shares (agg. up to ₹ 58 Cr) |
| Share Holding Pre Issue | 1,28,80,000 shares |
| Share Holding Post Issue | 1,75,00,000 shares |
| BSE Script Code | 544877 |
| ISIN | INE19QK01022 |
IPO Timetable
- IPO Open
- Fri, Aug 14, 2026
- IPO Close
- Tue, Aug 18, 2026
- Allotment
- Wed, Aug 19, 2026
- Refund
- Thu, Aug 20, 2026
- Credit of Shares
- Thu, Aug 20, 2026
- Listing
- Fri, Aug 21, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 21,91,000 | 49.92% | 47.42% |
| − Anchor Investor | 13,14,000 | — | 28.44% |
| − QIB (Ex. Anchor) | 8,77,000 | — | 18.98% |
| NII (HNI) | 6,60,000 | 15.04% | 14.29% |
| − bNII > ₹10L | 4,40,000 | — | 9.52% |
| − sNII < ₹10L | 2,20,000 | — | 4.76% |
| Retail | 15,38,000 | 35.04% | 33.29% |
| Firm Reservations | |||
| Market Maker | 2,31,000 | — | 5.00% |
| Total | 46,20,000 | 100.00% | 100.00% |
Technocrats Plasma Systems IPO comprises a total issue size of 46,20,000 shares. The net offer to the public is 43,89,000 shares, after excluding 2,31,000 shares allotted on a firm basis. Of the Net offer 21,91,000 (49.92%) are allocated to QIB , 6,60,000 (15.04%) allocated to NII 15,38,000 (35.04%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,64,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,56,000 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Thu, Aug 13, 2026 |
|---|---|
| Shares Offered | 13,14,000 |
| Anchor Portion (₹ Cr.) | 17.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 18, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 17, 2026 |
Technocrats Plasma Systems IPO raises ₹ 17.34 crore from anchor investors . Technocrats Plasma Systems IPO Anchor bid date is August 13, 2026 .
IPO Anchor Investors List
About Technocrats Plasma Systems Ltd.
Incorporated in 1994, Technocrats Plasma Systems Ltd. is an engineering-focused company engaged in providing plasma-based surface treatment and coating solutions for industrial applications. The company designs, develops, and installs plasma systems used for surface cleaning, activation, coating, and modification across diverse manufacturing sectors. Its services include system customization, installation, commissioning, maintenance support, and technical consulting, helping clients improve product performance, durability, and process efficiency.
Product:
Machines (without automation)
Machines (with automation)
Customisation and Retrofit
Services
Service Verticals:
Customisation & Retrofit
Installation & Commissioning
Lifecycle Maintenance & Add-on Services
Upgradation, Retrofit Support & Spares
The company develop the products through in-house research and development and engineering. Their teams handle mechanical, electrical and control design for plasma cutting machines, welding equipment and automation systems, which helps them retain design knowhow within the Company and maintain confidentiality.
The company have two manufacturing facilities located at Vasai, both are situated within the Gaodevi Industrial Estate. The first unit was established at Gala No. 6,7,8 & 1st floor 106,107,108, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-I) and the second unit was added in Gala No. 105, First floor, Nirav No. 2, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-II).
As of June 30, 2026, they had an employee base of 40 employees.
Competitive Strengths:
Experience across industries, installed base and diversified customer base
Indigenous design and in-house fabrication with cost and schedule control
Product and solution range with customisation and lifecycle service
Operations, quality assurance and employee training
Experienced leadership and technical teams
Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 72.06 | 36.72 | 13.55 |
| Total Income | 131.41 | 49.44 | 6.35 |
| Profit After Tax | 14.94 | 8.11 | 2.21 |
| EBITDA | 26.29 | 8.59 | 1.30 |
| NET Worth | 39.01 | 14.24 | 3.74 |
| Reserves and Surplus | 26.13 | 12.61 | 2.20 |
| Total Borrowing | 14.73 | 10.24 | 6.66 |
| Amount in ₹ Crore |
Technocrats Plasma Systems Ltd.'s revenue increased by 166% and profit after tax (PAT) rose by 84% between the financial year ending with March 31, 2026 and March 31, 2025.
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View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | Funding towards long-term working capital requirements | 40.00 |
| 3 | General Corporate Purposes | 5.50 |
| 4 | Issue Expenses | 6.70 |
| Total | 60.98 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 56.10% |
| ROCE | 48.55% |
| Debt/Equity | 0.38 |
| RoNW | 56.10% |
| PAT Margin | 11.37% |
| EBITDA Margin | 20.02% |
| NAV | 30.28 |
| Price to Book Value | 1.52 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 11.60 | 8.53 |
| P/E (x) | 11.38 | 15.47 |
| Market Cap at Offer Price | ₹170Cr. | ₹422.63 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 86.96% | 64% |
| Public | 13.04% | 36.00% |
| Total | 100% | 100% |
Company Promoters: Arun Kumar and Vandana Sharma.
Technocrats Plasma Systems IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 169.54 | 8,77,000 | 14,86,83,000 | 0 |
| NII * | 311.97 | 6,60,000 | 20,59,03,000 | 0 |
| bNII (> ₹10L) | 374.59 | 4,40,000 | 16,48,21,000 | — |
| sNII (< ₹10L) | 186.74 | 2,20,000 | 4,10,82,000 | — |
| Individual Investor | 176.05 | 15,38,000 | 27,07,58,000 | 0 |
| Total | 203.36 | 30,75,000 | 62,53,44,000 | 1,69,233 |
The Technocrats Plasma Systems IPO is subscribed 203.36 times on August 18, 2026 6:54:01 PM (Day 3). The public issue subscribed 176.05 times in the individual investors category, 169.54 times in the QIB category, and 311.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 1,69,233
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Fees payable to Regulatory, Advertising and Marketing Expense | 0.05 |
| 3 | Other Expense (including Legal Advisors and Processing Fees | 0.24 |
| 4 | Payment for Printing & distribution Expenses etc. | 0.01 |
| 5 | Underwriting Fees | 6.10 |
| Total | 6.70 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹ 132.00 |
| Open | ₹ 230.00 |
| Low | ₹ 218.50 |
| High | ₹ 241.50 |
| Last Trade | ₹ 241.50 |
Check IPO Performance…
IPO Registrar
Maashitla Securities Pvt.Ltd.
011-45121795
ipo@maashitla.com
IPO Lead Manager(s)
Rarever Financial Advisors Pvt.Ltd.
Contact Details
Technocrats Plasma Systems Ltd. Address
Gala No. 6, 7, 8, 105, 106, 107, 108,
Nirav-2, Gaon Devi Industrial Estate,
Sativali, Vasai East, Dist.
Palghar, Maharashtra , 401208
78880 99611
cs@technocratplasma.com
Technocrats Plasma Systems IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
SME stock Technocrats Plasma Systems zooms 83% against IPO price on debut
Business Standard · 21 Aug 2026
Technocrats Plasma Systems IPO Listing: Shares Open At Rs 230 On BSE, 74% Above Issue Price
NDTV Profit · 21 Aug 2026
Three SME IPOs to debut today; Technocrats Plasma Systems leads with 53% GMP
The Economic Times · 21 Aug 2026
Technocrats Plasma shares hit upper circuit after listing at 74% premium on BSE SME
Moneycontrol.com · 21 Aug 2026
Technocrats Plasma Systems IPO Lists at 74.2% Premium; Shares Open at Rs 230 Vs Rs 132 Issue Price
news18.com · 21 Aug 2026
BSE SME Technocrats Plasma Systems gets a red-hot reception after listing
Business Standard · 21 Aug 2026
