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Latest GMP
- Lead Manager
- RarEver Financial Advisors Private Limited
- IPO Registrar
- Maashitla Securities Private Limited
- IPO Open Date
- 14th Aug 2026
- IPO Close Date
- 18th Aug 2026
- Allotment date
- 19th Aug 2026
- Listing date
- 21st Aug 2026
- Issue Size
- ₹ 61 Cr.
- Issue Price Band
- ₹ 125 to 132
- Lot Size
- 1000 Share
- Minimum Investment
- ₹ 264000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Technocrats Plasma Systems Limited
Incorporated in 1994, 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 Portfolio
- Machines (without automation)
- Machines (with automation)
- Customisation and Retrofit
- Services
Service Verticals
- Customisation & Retrofit
- Installation & Commissioning
- Lifecycle Maintenance & Add-on Services
- Upgradation, Retrofit Support & Spares
Research & Development
The company develops its products through in-house research and development and engineering. Its teams handle mechanical, electrical, and control design for plasma cutting machines, welding equipment, and automation systems, which helps retain design knowhow within the Company and maintain confidentiality.
Manufacturing Facilities
The company has two manufacturing facilities located at Vasai, both situated within the Gaodevi Industrial Estate:
- Unit-I: Gala No. 6,7,8 & 1st floor 106,107,108, Gaodevi Industrial Estate, Sativali, Vasai (E)
- Unit-II: Gala No. 105, First floor, Nirav No. 2, Gaodevi Industrial Estate, Sativali, Vasai (E)
Workforce
As of June 30, 2026, the company had an employee base of 40 employees.
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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 8,77,000 (26.53%) | 0 | 0.00 |
| NII | 8,91,000 (26.95%) | 3,99,000 | 0.45 |
| bNII (> ₹10L) | 4,40,000 (13.31%) | 2,65,000 | 0.60 |
| sNII (< ₹10L) | 2,20,000 (6.65%) | 1,34,000 | 0.61 |
| Retail | 15,38,000 (46.52%) | 9,00,000 | 0.59 |
| Total | 33,06,000 (100.00%) | 12,99,000 | 0.39 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 14-08-2026 | ₹132 | ₹22 | ₹154 ( 16.67% ) | ₹22,000.00 | 14-Aug-2026 10:49 AM |
Financials of Technocrats Plasma Systems Limited
A quick overview of the key financial performance of Technocrats Plasma Systems Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 166%, Profit after Tax (PAT) increased by 84%, Total Assets increased by 96% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 6.35 | 49.44 | 131.41 |
| Assets | 13.55 | 36.72 | 72.06 |
| Total Income | 6.35 | 49.44 | 131.41 |
| Profit After Tax | 2.21 | 8.11 | 14.94 |
| EBITDA | 1.30 | 8.59 | 26.29 |
| Net Worth | 3.74 | 14.24 | 39.01 |
| Reserves & Surplus | 2.20 | 12.61 | 26.13 |
| Total Borrowings | 6.66 | 10.24 | 14.73 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 56.1 |
| ROCE (%) | 48.55 |
| Debt / Equity | 0.38 |
| RoNW (%) | 56.1 |
| PAT Margin (%) | 11.37 |
| EBITDA Margin (%) | 20.02 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
11.63
8.53
|
| P/E (x) |
11.38
15.47
|
| Promoter Holding (%) |
86.96
-
|
| Market Cap | 170 |
IPO Lead Manager(s)
Lead Manager Details
- RarEver Financial Advisors Private Limited
- Contact Person: Mr. Niraj Thakkar
- SEBI Registration Number: INM000013217
- Investor Grievance Email: ig@rarever.in
- Website: https://www.rarever.in
- Email: ipo.technocrats@rarever.in
- Phone: +91 99981 23745
- Address: 807, Iconic Shyamal, Above Croma, Shyamal Cross Roads, Satellite, Ahmedabad - 380015, Gujarat
IPO Registrar
- Registrar Name
- Maashitla Securities Private Limited
- Phone
- 011-47581432
- Contact Person
- Mukul Agrawal
- SEBI Registration Number
- INR000004370
- Address
- 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi-110034, Delhi
- Website
- https://maashitla.com/
Company Contact Details
- Company Name
- Technocrats Plasma Systems Limited
- cs@technocratplasma.com
- Phone
- +91 78880 99611
- Contact Person
- Prashant Prakash Lathi
- Corporate Identity Number
- U28299MH1994PLC082603
- Address
- Gala No. 6, 7, 8, 105, 106, 107, 108, Nirav-2, Gaon Devi Industrial Estate, Sativali, Vasai East, Dist. Palghar - 401208, Maharashtra, India
Technocrats Plasma Systems Limited FAQs
