Technocrats Plasma Systems was incorporated on November 01, 1994. The company is an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication industries. Its products serve customers across automotive, construction, shipbuilding, heavy engineering and general manufacturing sectors
| Bidding Dates |
|---|
| 14 Aug 2026 - 18 Aug 2026 |
| Subscription |
|---|
| 189.22x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,50,000 | 2 | 2 | 1000 | 4.6 M | ₹125 - ₹132 | 64 % | ₹577.5 M - ₹609.8 M | RHP DOC |
Technocrats Plasma Systems IPO SUBSCRIPTION STATUS
18 Aug '26Technocrats Plasma Systems IPO overall subscription rate was 189.22 times the total available shares
Technocrats Plasma Systems IPO retail subscription rate was 176.05 times in the retail segment
Technocrats Plasma Systems IPO non-institutional investor subscription rate was 231.35 times in the non-institutional investor category
Technocrats Plasma Systems IPO Qualified Institutional Bidder subscription rate was 169.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Aug 2026 (Day 3) | 176.05x | 231.35x | 169.54x |
17 Aug 2026 (Day 2) | 8.44x | 4.52x | 0.89x |
14 Aug 2026 (Day 1) | 0.59x | 0.45x | - |
Technocrats Plasma Systems FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 131.3 | 14.9 | -11.7 | -12.9 | 20.0% |
| FY25 | 49.4 | 8.1 | -5.0 | -5.1 | 17.4% |
| FY24 | 6.1 | 2.2 | 0.8 | 0.8 | 21.4% |
Technocrats Plasma Systems IPO SUBSCRIPTION STATUS DETAILS
Technocrats Plasma Systems had 4.6 M shares on offer
Technocrats Plasma Systems IPO offer price was in the range ₹125 - ₹132
Technocrats Plasma Systems IPO minimum Investment was ₹250000
Technocrats Plasma Systems IPO issue size was ₹ 577.5 M - ₹ 609.8 M
Technocrats Plasma Systems had a minimum lot size of 1000 Shares per application
Technocrats Plasma Systems NUMBER OF SHARES ON OFFER
Technocrats Plasma Systems IPO IMPORTANT DATES
| Issue Open Date | 14 Aug 2026 |
| Issue close Date | 18 Aug 2026 |
| Allotment Date | 19 Aug 2026 |
| Refund Date | 20 Aug 2026 |
| Demat Account Credit Date | 20 Aug 2026 |
| Listing Date | 21 Aug 2026 |
| Listing on Exchange(s) | BSE |
| Technocrats Plasma Systems Allotment Status | Exchange/ Registrar |
Technocrats Plasma Systems IPO subscription opened on 14 Aug 2026, and closed on 18 Aug 2026
IPO allotment for Technocrats Plasma Systems was finalized on Wednesday, 19 Aug 2026
IPO listing for Technocrats Plasma Systems was on BSE on Friday, 21 Aug 2026
Technocrats Plasma Systems IPO LISTING GAINS
| Issue Price (adjusted) | 132.0 |
| Listing Open Price | 230.0 |
| Listing Close Price | 241.5 |
| Listing Gain% | 74.2% |
| Current Gain% | 91.4% |
Technocrats Plasma Systems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Technocrats Plasma Systems Ltd. | 252.7 | 442.2 | 29.6 | 0.4 | 3.4 | 38.3 | 20.7 | 131.4 | 165.8 | 14.9 | 84.2 | 8.5 | 84.2 |
| Cummins India Ltd. | 5193 | 143950 | 60.8 | 5.8 | 11.4 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4339.2 | 111103.7 | 85.1 | 1.2 | 16.6 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 34415 | 38768.8 | 67.1 | 4.1 | 7.3 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 512.8 | 16.3 |
| Kirloskar Oil Engines Ltd. | 2123.1 | 30895.3 | 56.6 | 3.6 | 3.9 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 1039.4 | 23638.4 | 73.5 | -16.7 | 10.8 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Technocrats Plasma Systems INFORMATION ON IPO ISSUE
About Technocrats Plasma Systems
Technocrats Plasma Systems was incorporated on November 01, 1994. The company is an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication industries. Its products serve customers across automotive, construction, shipbuilding, heavy engineering and general manufacturing sectors
Object of the Issue
- Purchase and installation of plant and machinery for the manufacturing of plasma cutting machines, welding equipment and customised automation systems at the existing premises
- Funding towards long-term working capital requirements
- General corporate purposes
Technocrats Plasma Systems - PROMOTERS
| Name |
|---|
| Arun Kumar |
| Vandana Sharma |
Technocrats Plasma Systems - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arun Kumar | Chairman & Managing Director |
| Amrisha Arun Kumar Sharma | Executive Director & Chief Executive Officer |
| Apeksha Sharma | Non-Executive Director |
| Vijoy Kumar | Non-Executive Independent Director |
| Indu Shekhar Jha | Non-Executive Independent Director |
Technocrats Plasma Systems Book Running Lead Manager
Rarever Financial Advisors Private Limited
ipo.technocrats@rarever.in
Technocrats Plasma Systems Registrar to the Offer
Maashitla Securities Private Limited
ipo@maashitla.com
Technocrats Plasma Systems Strengths
Diversified customer base
The company has been active in plasma cutting and welding since 1990, serving large enterprises and MSMEs across heavy engineering, automotive, construction, shipbuilding, steel, defence and railways. Its experience across diverse applications has built practical expertise that supports customised machine configurations, installation, process optimisation and future automation upgrades
In-house fabrication
The company develops plasma cutting machines, welding equipment and automation systems through in-house R&D and engineering, while also carrying out fabrication, assembly and testing internally. It selectively uses external vendors for certain components, balancing cost, quality, design control, scheduling and supply chain considerations
Quality assurance
The company combines in-house manufacturing with external vendors for specialised components and sub-assemblies, enabling cost control, flexible capacity and efficient scaling. It maintains quality through inspections, testing, traceability and defined checks across production, assembly, dispatch and site commissioning
Technocrats Plasma Systems Risks
Depend on industrial sectors
The company’s performance depends on the fabrication, metalworking and allied industrial sectors, where lower capital spending or adverse economic and regulatory conditions could reduce demand for its products. Technological changes, stronger competition, pricing pressure and evolving customer preferences may also impact its revenue, margins and growth
Competition
The company operates in a highly competitive machine tools, metal-cutting and welding equipment industry, facing domestic and international players with greater R&D capabilities and resources. Intense competition and rapid technological developments could pressure its market share, pricing, margins and growth prospects
Risk of accidents or mishaps
The company’s manufacturing operations involve risks of accidents, equipment damage and operational disruptions that could cause injuries, production delays or facility shutdowns. Such incidents may lead to regulatory action, litigation, higher costs, reduced sales and adversely affect business and financial performance
IPO FAQs
The promoters of the company are Arun Kumar and Vandana Sharma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 125.0 - 132.0.
The IPO application opens on Aug 14, 2026 and closes on Aug 18, 2026.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 250,000.0, the maximum value for this IPO is Rs 264,000.0.
This IPO will be allotted on Aug 19, 2026.
The refund will be credited to your account on Aug 20, 2026.
The allotted shares will be credited to your demat on Aug 20, 2026.
Technocrats Plasma Systems Ltd.’s shares listed on the stock exchanges on Aug 21, 2026.