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Technocrats Plasma Systems IPOLISTED
Technocrats Plasma Systems Ltd. provides plasma-based surface treatment and coating solutions, including machines, customization, automation, and lifecycle services for industrial applications.
Listing price
₹230
Listing gain
+74.24%
Current
₹230
Listed
21 Aug 26
Opens
14 Aug 26Closes
18 Aug 26Allotment
19 Aug 26Refund
20 Aug 26Demat
20 Aug 26Listing
21 Aug 26Overview
Price band
₹125-132
Lot size
1000 shares
Min. investment
₹2,64,000
Issue size
₹60.98 Cr
46.20 L shares
Fresh issue
₹60.98 Cr
46.20 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Market Maker | 2,31,000 | 5% |
| QIB | 8,77,000 | 47.42% |
| NII (HNI) | 6,60,000 | 14.29% |
| B-HNI | 4,40,000 | — |
| S-HNI | 2,20,000 | — |
| Individual | 15,38,000 | 33.29% |
| Total | 33,06,000 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,64,000 |
| Retail (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 |
Listing performance
NSE/BSE: TECHNOCRATSPLASMASYSTEMSListing gain
+74.24%
Gain per retail lot
₹1,96,000
Latest vs issue
—
GMP was
—
Issue price
Listing price
Latest price appears here during market hours.
Subscription
19 Aug, 12:00 amOversubscribed 203.44 times · 1,69,233 applications
Total applications
1,69,233
Total bid amount
₹8,258 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 8,77,000 | 14,86,83,000 | 169.54x | ₹1,963 Cr |
| NII (HNI) | 6,60,000 | 20,61,34,000 | 312.32x | ₹2,721 Cr |
| B-HNI | 4,40,000 | 16,50,52,000 | 375.12x | ₹2,179 Cr |
| S-HNI | 2,20,000 | 4,10,82,000 | 186.74x | ₹542 Cr |
| Retail | 15,38,000 | 27,07,58,000 | 176.05x | ₹3,574 Cr |
| Total | 30,75,000 | 62,55,75,000 | 203.44x | ₹8,258 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 147 | 20,067 | 136.51x |
| S-HNI | 73 | 12,994 | 178.00x |
| Retail | 769 | 1,35,376 | 176.04x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
56.1%
PAT Margin
11.37%
ROCE
48.55%
EBITDA Margin
20.02%
Debt to Equity Ratio
0.38
Price to Book Value
1.52
RoNW
56.1%
Valuation vs listed peers
EPS Pre IPO
₹11.6
EPS Post IPO
₹8.53
P/E Pre IPO
11.38
P/E Post IPO
15.47
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+1969.4%
Profit growth FY24 → FY26
+576.0%
ROCE
48.55%
- PAT margin 11.4% and ROCE 48.5%.
Strengths & risks
- 30+ years of industry experience in plasma cutting and welding.
- 2,500+ clients across India and overseas.
- Presence across multiple industries, reducing sector dependence.
- In-house technology and R&D capabilities.
- Growing installation and maintenance services.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| 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 |
| Funding towards long-term working capital requirements. | 40 |
| General Corporate Purposes. | - |
Company & documents
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication and related industries. Its products are used across sectors such as automotive, construction, shipbuilding, heavy engineering and general manufacturing.
The company offers manual and CNC-based cutting systems, welding equipment and automated cutting and welding solutions, along with customised configurations and upgrades. Its solutions cover plasma, oxy-fuel and laser cutting, as well as MIG/MAG, TIG, ARC and SAW welding processes.
Its operations include system configuration, detailed engineering, fabrication and assembly, testing, installation and commissioning, along with technical consulting, operator training, maintenance, spares and after-sales support.
Product and Service Verticals:
- Machines (without automation) – Manual plasma cutting and MMA, MIG/MAG, TIG and SAW welding machines.
- Machines (with automation) – CNC plate and pipe cutting, laser cutting and welding systems, and automated welding/cutting cells.
- Customisation and Retrofit – Custom tables, fixtures, control and drive retrofits, power-source upgrades and process add-ons.
- Services – Installation, commissioning, preventive maintenance, AMCs, training, spares and retrofit support.
As of June 30, 2026, Technocrats Plasma Systems had 40 Employees and served more than 2,500 clients across India and overseas.
Registrar
Maashitla Securities Pvt.Ltd.
Company contact
Technocrats Plasma Systems Ltd.
Gala No. 6, 7, 8, 105, 106, 107, 108, Nirav-2, Gaon Devi Industrial Estate, Sativali, Vasai East, Dist. Palghar, Maharashtra, 401208
Phone: 78880 99611
Email: cs@technocratplasma.com
Book running lead managers
- Rarever Financial Advisors Pvt.Ltd.
Promoters
- Arun Kumar
- Vandana Sharma