Technocrats Plasma Systems IPO- Company Analysis
Technocrats Plasma Systems IPO under the SME IPO category is a book-built issue of Rs. 60.98 Cr by Technocrats Plasma Systems Limited, which is an engineering-focused business that offers coating and surface treatment solutions based on plasma for industrial use.
The business creates, manufactures, and installs plasma systems for coating, modification, surface cleaning, and activation in a variety of manufacturing industries. Its services, which assist clients in enhancing product performance, durability, and process efficiency, include system customization, installation, commissioning, maintenance support, and technical consulting.
Product:
-
Automation-free machines
-
Automated machines.
Service Verticals:
-
Customization and Retrofit Services
-
Installation, Commissioning, Customization, and Retrofit
-
Lifecycle Upkeep & Extra Services
-
Upgrades, Support for Retrofits, and Spares.
Technocrats Plasma Systems IPO Details
The Technocrats Plasma Systems IPO opening date is 14 Aug 2026; its initial public offering will end on 18 Aug, IPO allotment on Aug 19 and refund initiation on Aug 20, 2026.
The Rs. 60.98 crore new SME IPO comprises a wholly fresh issue of 0.46 crore shares.
The Technocrats Plasma Systems IPO listing date (expected) might be Friday, Aug 21, 2026, and the listing on the BSE and SME.
The Technocrats Plasma Systems IPO price band is Rs. 125 to Rs. 132.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 14, 2026 |
|
IPO Closing Date |
Aug 18, 2026 |
|
IPO Allotment Date |
Aug 19, 2026 |
|
Refund Initiation |
Aug 20, 2026 |
|
IPO Listing Date |
Aug 21, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
(Amount in Thousands)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(1,16,640) |
(50,484) |
7,853 |
|
Net Cash Flow Investing Activities |
(12,089) |
(1,761) |
154 |
|
Net Cash Flow Financing Activities |
1,30,732 |
51,800 |
(6,159) |
Revenue Bifurcation
(Rs. in Thousands)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises. ~ Rs. 8.79 Cr.
- Funding towards long-term working capital requirements. ~ Rs. 40 Cr.
- General Corporate Purposes.
Listed Peers of Technocrats Plasma Systems Ltd.
|
Name of the Company |
Face Value (₹) |
Basic EPS (₹) |
P/E Ratio (X) |
|
Ador Welding Limited |
10 |
47.11 |
31.55 |
|
ESAB India Limited |
10 |
134.30 |
41.88 |
|
Patil Automation Ltd. |
10 |
8.65 |
23.21 |
|
Jyoti CNC Automation Ltd. |
2 |
14.78 |
58.51 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
56.10% |
|
ROCE |
48.55% |
|
Debt/Equity |
0.38 |
|
RoNW |
56.10% |
|
PAT Margin |
11.37% |
|
EBITDA Margin |
20.02% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 11.63 from the last year, the resulting P/E ratio is 11.34x.
Explore the Optimystix Entertainment IPO.
IPO's 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.
IPO's Weaknesses
-
High Capital & R&D Intensity
-
Supply Chain Dependency
-
Scalability Challenges.
Technocrats Plasma Systems IPO GMP
Technocrats Plasma Systems IPO GMP today is Rs. 18 as of 13 August 2026, while writing this information.
Technocrats Plasma Systems IPO Summary
|
IPO Opening & Closing Date |
14 Aug, 2026 to 18 Aug, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 125 to Rs. 132 per Share. |
|
Lot Size |
1000 Shares |
|
Issue Size |
46,20,000 Shares (Rs. 61 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
43,89,000 Shares (Rs. 58 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book-build Issue |
|
Registrar |
Maashitla Securities Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,64,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3000 Shares) for Rs. 3,96,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Technocrats Plasma Systems IPO Allotment Status
To check the Technocrats Plasma Systems IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Technocrats Plasma Systems Ltd.
-
Arun Kumar
-
Vandana Sharma.
|
Pre-Issue Promoter Shareholding |
86.96% |
|
Post-Issue Promoter Shareholding |
64% |
IPO Lead Managers
- Rarever Financial Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
The Technocrats Plasma Systems IPO offers exposure to a growing engineering and plasma-based industrial solutions business with strong financial growth and healthy return ratios. Its expanding product portfolio, in-house manufacturing capabilities, and increasing revenue support the growth outlook, while capital intensity, supply-chain dependence, and scalability remain key risks.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to provide all the required details about the company you should know before applying for the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
