Summary
Technocrats Plasma Systems IPO opens for subscription on August 14th, 2026, and closes on August 18th, 2026, with a price band of ₹125 to ₹132.
This is an SME book-building IPO that will list on the BSE SME platform on August 21st, 2026.
The company is issuing a fresh issue of 46,20,000 shares, with a minimum investment of 2 lots or 2,000 shares.
Technocrats Plasma Systems IPO is an upcoming SME book-built IPO that is scheduled to open on August 14th, 2026 and close on August 18th, 2026, issuing 46,20,000 shares. It has fixed the price band at ₹125 to ₹132 and will be listed on the BSE SME platform on August 21st, 2026. The minimum investment requirement for the IPO is 2 lots (2,000 shares).
The main objective of the Technocrats Plasma Systems IPO is to purchase plant and machinery for manufacturing plasma cutting equipment, for working capital, and general corporate purposes.
Technocrats Plasma Systems IPO Key Details
The table below presents the essential details investors should know before applying for the Technocrats Plasma Systems IPO.
| IPO Open Date | 14 August 2026 |
| Close Date | 18 August 2026 |
| Face value | ₹10 per share |
| Price Band | ₹125 to ₹132 |
| IPO Lot Size | 1,000 shares |
| Fresh issue | 46,20,000 |
| Offer for Sale | _ |
| Type of issue | Book-building SME |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹61 approx |
| Minimum Investment | 2 lots or 2000 shares |
Technocrats Plasma Systems IPO Timeline
Below is the complete schedule of events for the Technocrats Plasma Systems IPO.
| Bid Opening | 14 August 2026 |
| Bid Closing | 18 August 2026 |
| Tentative Allotment | 19 August 2026 |
| Initiation of Refunds | 20 August 2026 |
| Credit of Shares to Demat | 20 August 2026 |
| Tentative Listing Date | 21 August 2026 |
| UPI mandate closing date | 18 August 2026 |
Key Performance Indicators of Technocrats Plasma Systems IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 56.10 | 90.21 | 83.76 |
| ROCE (%) | 48.55 | 34.60 | 11.33 |
| Debt Equity (in times) | 0.38 | 0.72 | 1.78 |
| RoNW (%) | 56.10 | 90.21 | 83.76 |
| PAT Margin (%) | 11.37 | 16.40 | 34.71 |
| EBITDA margin (%) | 20.02 | 17.41 | 21.42 |
| Price to book | 4.36 | 1.52 |
Technocrats Plasma Systems IPO Financial Details
The Financial information of the Technocrats Plasma Systems IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 131.31 | 49.36 | 6.06 |
| Total Asset | 72.06 | 36.72 | 13.55 |
| Profit | 14.94 | 8.11 | 2.21 |
Technocrats Plasma Systems IPO Subscription Status
The subscription data is not available yet.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Technocrats Plasma Systems IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Technocrats Plasma Systems IPO shows a GMP of ₹0, although it started strong at ₹29 on 11 August 2026. Therefore, according to the status, the estimated listing price is ₹132, with an estimated gain of 0.00%.
| GMP Date | GMP | Est. Listing Price | Est. Gain | Last updated |
| 12-08-2026 | ₹0 | ₹132.00 | 0.00% | 12-08-2026, 10:17 |
| 11-08-2026 | ₹29 | ₹161.00 | 21.97% | 11-08-2026, 23:31 |
GMP is the premium value of the share in the unofficial market before it opens for subscription.
Technocrats Plasma Systems IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares |
| Market maker | |
| QIBs | Not more than 50% of the net offer |
| NIIs | Not less than 15% of the net offer |
| Retails | Not less than 35% of the net offer |
| Total |
Technocrats Plasma Systems IPO Lot Sizes
Investors can refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount |
| Individual Investor (IND) (Min) | 2 | 2,000 | ₹2,64,000 |
| Individual Investor (IND) (Max) | 2 | 2,000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,56,000 |
Technocrats Plasma Systems IPO Prospectus
Investors can access the offered prospectus for the Technocrats Plasma Systems IPO mentioned below.
About Technocrats Plasma Systems Ltd.
Technocrats Plasma Systems Ltd. is an engineering company that designs, develops, and installs products for cutting and welding applications used across industries. It includes a wide range of products and services, including cutting machinery, activation, coating, and modification equipment, machines and services.
The company operates with R&D, engineering, manufacturing, installation, commissioning, and after-sales support.
Promoters:
- Arun Kumar
- Vandana Sharma
| Book Runner | Rarever Financial Advisors Pvt. Ltd. |
| Issue Registrar | Maashitla Securities Pvt. Ltd. |
Purpose of Technocrats Plasma Systems IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Estimated Amount in ₹ Crore |
| Purchase and installation of plant and machinery for manufacturing plasma cutting machinery and equipments | 8.79 |
| Funding for long-term working capital requirements | 40.00 |
| General corporate purpose | _ |
| Total | _ |
Technocrats Plasma Systems Ltd.- Strengths and benefits
- The company’s operations cover R&D, manufacturing, engineering, installation, and post-sales services, enabling it to have control over the entire project process.
- The company includes a wide range of products and services, including plasma cutting, welding, CNC, laser solutions, and industrial automation.
- It has promoters with approximately 50 years of industry experience and strong management and technical expertise teams.
Technocrats Plasma Systems Ltd- Risks and limitations
- Since it is a capital-intensive company, most of the company’s capital is used in maintaining working capital.
- Most of the company’s revenue comes from the top 10 customers, 62.60% in FY2026, 83.89% in FY2025, and 55.70% in FY2024. Therefore, any loss of customers may affect the overall financial performance.
- Any increase in raw material prices may result in an increase in input costs and a decrease in profitability and revenue.
Technocrats Plasma Systems IPO Review
The Technocrats Plasma Systems IPO is issuing 46,20,000 public shares with a price band of ₹125 to ₹132 per share. The shares are fixed to open on 14th August 2026 and close on 18th August 2026. The company has delivered significant financial performance in the mentioned years, including its revenue and profitability.
The funds raised from this IPO are to be utilised in maintaining working capital, purchasing and installing more machinery, and for general corporate purposes. Therefore, investors must thoroughly analyse the IPO details and its valuation, aligning with their investment goal and risk appetite, before investing.
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Technocrats Plasma Systems IPO FAQs
Technocrats Plasma Systems IPO is a book-building SME IPO comprising a fresh issue of 46.20 lakh shares. The issue is priced at ₹125–₹132 per share and will be listed on BSE SME.
Eligible investors can apply through their broker or other supported IPO application channels using the ASBA/UPI process. The minimum application is 2 lots, or 2,000 shares.
The company has a long operating history, strong FY2026 revenue growth and lower debt-equity. However, the decline in PAT margin, working-capital requirement and risks associated with SME stocks should be considered before investing. Investors should evaluate the IPO based on valuation, financial performance and their risk tolerance rather than GMP alone.
The Technocrats Plasma Systems IPO will open for subscription on August 14, 2026 and close on August 18, 2026.
The lot size of the Technocrats Plasma Systems IPO is 1,000 shares. Individual investors need to apply for a minimum of 2 lots, or 2,000 shares.
The tentative allotment date of the Technocrats Plasma Systems IPO is August 19, 2026.
The shares are tentatively scheduled to list on the BSE SME platform on August 21, 2026.
