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IPO Open

Fri, Aug 14, 2026

IPO Close

Tue, Aug 18, 2026

Issue Price

₹125 to ₹132

Market Cap*

₹231.00 Cr * on Upper Price

IPO Details

  • IPO Date
    14 to 18 Aug, 2026
  • Listing Date
    Fri, Aug 21, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹125 to ₹132
  • 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)
  • 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

IPO Timetable (Tentative)

  • IPO Open
    Fri, Aug 14, 2026
  • Allotment
    Wed, Aug 19, 2026
  • Credit of Shares
    Thu, Aug 20, 2026
  • IPO Close
    Tue, Aug 18, 2026
  • Refund
    Thu, Aug 20, 2026
  • Listing
    Fri, Aug 21, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Issue
Retail Not less than 35% of the Net Issue
NII Not less than 15% of the Net Issue

IPO Lot Size

Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,000 ₹2,64,000
Individual investors (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

About Technocrats Plasma Systems Ltd.

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 and Service Verticals:

  • Machines (without automation)
  • Machines (with automation)
  • Customisation and Retrofit
  • Services

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 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 66.76 36.72 13.55 11.68
Total Income 30.69 49.44 6.35 4.48
Profit After Tax 3.55 8.11 2.21 1.51
EBITDA 4.98 8.59 1.30 0.77
NET Worth 19.29 14.24 3.74 1.53
Reserves and Surplus 17.59 12.61 2.20 -0.01
Total Borrowing 11.04 10.24 6.66 6.61

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # 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
    44.07
  • 3 General Corporate Purposes
    6.75

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 56.10% 90.21%
ROCE 48.55% 34.60%
Debt/Equity 0.38 0.72
RoNW 56.10% 90.21%
PAT Margin 11.37% 16.40%
EBITDA Margin 20.02% 17.41%
NAV 30.28 86.98
Price to Book Value 4.36 1.52

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 6.30 8.12
P/E (x) 20.95 16.26
Market Cap at Offer Price ₹170Cr. ₹231.00 Cr
  • 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, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025 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.

IPO Registrar

Maashitla Securities Pvt.Ltd.

IPO Lead Manager(s)

  1. Rarever Financial Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

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

IPO FAQs

Technocrats Plasma Systems IPO is a SME IPO of 46,20,000 equity shares of the face value of ₹10 aggregating up to ₹61 Crores. The issue is priced at ₹125 to ₹132. The minimum order quantity is 1000.

The IPO opens on Fri, Aug 14, 2026, and closes on Tue, Aug 18, 2026.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Technocrats Plasma Systems IPO using UPI as a payment gateway. Angel One customers can apply in Technocrats Plasma Systems IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Technocrats Plasma Systems IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Technocrats Plasma Systems IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Technocrats Plasma Systems IPO opens on Fri, Aug 14, 2026 and closes on Tue, Aug 18, 2026.

Technocrats Plasma Systems IPO lot size is 1000, and the minimum amount required for application is ₹2,64,000, with 2 lots being the minimum application size.

You can apply in Technocrats Plasma Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Technocrats Plasma Systems IPO will be done on Wednesday, August 19, 2026, and the allotted shares will be credited to your demat account by Thu, Aug 20, 2026. Check the Technocrats Plasma Systems IPO allotment status.

The Technocrats Plasma Systems IPO listing date is not yet announced. The tentative date of listing is Fri, Aug 21, 2026.

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