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.
Technocrats Plasma Systems IPO – Details
| IPO Opening Date | 14 August 2026 |
| IPO Closing Date | 18 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 46,20,000 Shares Worth ₹60.98 Crore Fresh Issue: 46,20,000 Shares Worth ₹60.98 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹125 – ₹132 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Technocrats Plasma Systems IPO – Date Schedule
| IPO Open Date | 14 August 2026 |
| IPO Close Date | 18 August 2026 |
| Basis of Allotment | 19 August 2026 |
| Initiation of Refund | 20 August 2026 |
| Credit of Shares to Demat | 20 August 2026 |
| IPO Listing Date | 21 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 18, 2026 |
Technocrats Plasma Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,64,000 |
| Retail (Max) | 2 | 2000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,56,000 |
Competitive Strength
- 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 Promoters
- Arun Kumar
- Vandana Sharma
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹6.35 Cr | ₹5.55 Cr | ₹2.21 Cr | ₹6.66 Cr |
| 31 March 2025 | ₹49.44 Cr | ₹41.68 Cr | ₹8.11 Cr | ₹10.24 Cr |
| 31 March 2026 | ₹131.41 Cr | ₹106.46 Cr | ₹14.94 Cr | ₹14.73 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 56.10% |
| ROCE | 48.55% |
| Debt/Equity | 0.38 |
| RoNW | 56.10% |
| PAT Margin | 11.37% |
| EBITDA Margin | 20.02% |
| NAV | 30.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.63 | 11.63 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase and installation of plant and machinery for the manufacturing of plasma cutting machines, welding equipment, and customized automation systems at the Existing Premises. | ₹8.79 |
| Funding towards long term working capital requirements. | ₹40.00 |
| General corporate purposes. | – |
✅Strengths
- 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.
⚠️Risks
- Top 10 customers contributed 62.61% of FY2026 revenue.
- High supplier concentration, with top 10 suppliers contributing 93.50% of purchases.
- Dependence on repeat customers and limited long-term contracts.
- High employee attrition of 38.81% in FY2026.
- Negative operating cash flow in FY2026 and FY2025.
Technocrats Plasma Systems IPO Promoter Holding
| Pre-Issue Share Holding | 86.96% |
| Post Issue Share Holding | 64.00% |
Technocrats Plasma Systems IPO Prospectus
Company Contact Information
| Technocrats Plasma Systems Limited 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 Website: https://www.technocratplasma.com/ |
Technocrats Plasma Systems IPO Registrar
| Maashitla Securities Pvt. Ltd. Phone: 011-45121795 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Technocrats Plasma Systems IPO Lead Manager(s)
| 1. Rarever Financial Advisors Pvt. Ltd. |
Technocrats Plasma Systems IPO FAQ
| What is the Technocrats Plasma Systems IPO? Technocrats Plasma Systems IPO is an SME IPO. The issue is priced at ₹125 – ₹132 per equity share. The IPO is to be listed on BSE SME. |
| When will Technocrats Plasma Systems IPO open? The IPO is to open on 14 August 2026 for QIB, NII, and Retail Investors. |
| What is Technocrats Plasma Systems IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Technocrats Plasma Systems IPO Size? Technocrats Plasma Systems IPO size is ₹60.98 Crore. |
| What are the Technocrats Plasma Systems IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,64,000, while the maximum bid is 2000 Shares for ₹2,64,000. |
| What is the Technocrats Plasma Systems IPO Allotment Date? Technocrats Plasma Systems IPO allotment date is 19 August 2026. |
| What is the Technocrats Plasma Systems IPO Listing Date? Technocrats Plasma Systems IPO listing date is 21 August 2026. The IPO is to be listed on the BSE SME. |
