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Technocrats Plasma Systems IPO 2026: ₹60.98 Crore Issue, Industrial Automation Growth, Plasma Cutting Technology and Investment Analysis
Technocrats Plasma Systems IPO opens August 14, 2026 at ₹125–₹132 per share. Explore its ₹...
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Technocrats Plasma Systems IPO
Technocrats Plasma Systems IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹70
+53.0%
Est. Listing: ₹202.00
Price Band
₹125 - ₹132
Per equity share
Lot Size
1000 Shares
Min Invest: ₹2,64,000
Issue Size
₹60.98 Cr
Total Public Offering
Issue Dates
13 August 2026 – 17 August 2026
Bidding period
Subscription
189.22x
Total overall demand
Technocrats Plasma Systems IPO Details
Key facts at a glance| IPO Open Date | 13 August 2026 | IPO Close Date | 17 August 2026 |
|---|---|---|---|
| Basis of Allotment | 18 August 2026 | Listing Date | 20 August 2026 |
| Price Band | ₹125 - ₹132 per share | Face Value | ₹10 per share |
| Market Lot Size | 1000 Shares | Min Investment (Retail) | ₹2,64,000 |
| Total Issue Size | ₹60.98 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Technocrats Plasma Systems IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 13 August 2026 | Confirmed |
| IPO Close Date | 17 August 2026 | Confirmed |
| Basis of Allotment | 18 August 2026 | Tentative |
| Initiation of Refunds | 20 August 2026 | Tentative |
| Credit of Shares to Demat | 20 August 2026 | Tentative |
| IPO Listing Date | 20 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 18 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Technocrats Plasma Systems IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,000 Shares | ₹2,64,000 |
| Retail (Max) | 2 Lots | 2,000 Shares | ₹2,64,000 |
| S-HNI (Min) | 3 Lots | 3,000 Shares | ₹3,96,000 |
| S-HNI (Max) | 7 Lots | 7,000 Shares | ₹9,24,000 |
| B-HNI (Min) | 8 Lots | 8,000 Shares | ₹10,56,000 |
Technocrats Plasma Systems IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹70 +53.0%
Estimated Listing Price
₹202.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 18 Aug 2026 | ₹31 | ₹163.00 | +23.48% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Technocrats Plasma Systems IPO Subscription Status
Demand breakdown by investor category
Retail
176.05x
QIB
169.54x
NII / HNI
231.35x
Total
189.22x
About Technocrats Plasma Systems
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems for metal fabrication in India. Headquartered in Maharashtra with manufacturing facilities in Vasai East, the company designs, manufactures, supplies, installs, and commissions cutting and welding solutions. Its product portfolio comprises plasma cutting machines, CNC gas and plasma profile cutting machines, CNC pipe profile systems, fibre laser cutting machines, laser welding systems, and conventional and inverter-based welding equipment. The company also offers integrated Fibre Laser + Plasma + Oxy-Fuel cutting systems. It generates revenue primarily through the sale of manufactured machinery, spare parts, and execution of turnkey projects. Additionally, the company provides technical consultancy, layout planning, on-site commissioning, operator training, lifecycle support, and retrofit services, serving public and private enterprises across the automotive, construction, heavy engineering, oil and gas, and railway sectors.
Key Strengths
- Over 30 years of track record in manufacturing plasma cutting and welding equipment.
- In-house design capabilities for indigenous development of CNC and laser systems.
- Wide product portfolio including CNC profile cutters, fibre lasers, and welding units.
- End-to-end service offering covering consultancy, installation, training, and retrofits.
- Strong return metrics with ROCE at 62.85% and RoNW at 124.79%
Key Risks
- Heavy reliance on raw material supply chains and volatile specialty steel prices.
- High capital and R&D requirements needed to keep pace with rapid technological changes.
- Risk of operational strain and quality control issues while scaling up manufacturing.
- Limited brand recognition in international markets compared to global competitors.
- Financial risk from leverage, with a Debt-to-Equity ratio standing at 1.10 times
Technocrats Plasma Systems IPO Reservation & Share Quotas
The Technocrats Plasma Systems IPO has a category-wise reservation structure for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the provided allocation structure, 50% of the offer is allocated to Qualified Institutional Buyers, excluding the anchor investor portion. 15% is reserved for Non-Institutional Investors, while 35% is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares offered under each investor category is currently unavailable in the provided data. The category-wise share allocation can be updated once the final reservation and anchor allocation details are available.
Technocrats Plasma Systems IPO Anchor Investors
The Technocrats Plasma Systems IPO anchor investor bidding was scheduled for August 13, 2026, ahead of the public issue opening on August 14, 2026. The anchor allocation provides institutional investors an opportunity to participate in the issue before the public subscription period begins.
The final anchor investor list, number of equity shares allocated and total anchor investment amount can be updated once the complete allocation details are available. Under the applicable structure, 50% of the anchor allocation is subject to a 30-day lock-in period, while the remaining 50% is subject to a 90-day lock-in period.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 13, 2026 |
| Anchor Investors List | To be Updated |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor investor names, number of shares allocated, anchor issue size and exact 30-day and 90-day lock-in expiry dates are currently unavailable in the provided data and can be updated once the final Technocrats Plasma Systems IPO anchor allocation details are available.
Technocrats Plasma Systems IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 14 Aug 2026 |
| IPO Close Date | 18 Aug 2026 |
| Basis of Allotment | 19 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 21 Aug 2026 |
Note: The timeline for ಟೆಕ್ನೋಕ್ರಾಟ್ಸ್ ಪ್ಲಾಸ್ಮಾ ಸಿಸ್ಟಮ್ಸ್ IPO is tentative and subject to change.
Technocrats Plasma Systems Promoters and Shareholding Pattern
The promoters of Technocrats Plasma Systems are Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta. Before the IPO, the promoter and promoter group collectively hold 86.96% of the company's equity share capital, while other shareholders hold the remaining 13.04%.
The promoter and promoter group hold 1,12,00,000 equity shares before the IPO. Following completion of the issue, their shareholding is expected to dilute to approximately 64%, while the holding of other shareholders is expected to increase to approximately 36%.
Promoters of Technocrats Plasma Systems
- Sandeep Aggarwal
- Nikunj Aggarwal
- Esha Gupta
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,12,00,000 | 86.96% | – | 64% |
| Others* | 16,80,000 | 13.04% | – | 36% |
| Total | 1,28,80,000 | 100% | 1,75,00,000 | 100% |
Note: The above table summarizes the pre-IPO and post-IPO holding pattern of Technocrats Plasma Systems based on the provided shareholding information. The promoter group's holding is expected to dilute from 86.96% before the issue to approximately 64% after the IPO.
Technocrats Plasma Systems Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Technocrats Plasma Systems About the IPO
Technocrats Plasma Systems offers plasma-based surface treatment and coating solutions for industrial applications. Plasma technology helps to clean, activate, coat, and modify surfaces. The firm designs, develops, and installs plasma systems used for surface cleaning, activation, coating, and modification across diverse manufacturing sectors.
Its product range includes Machines with Automation, machines without automation, customisation & retrofit, and various other services including system customisation, installation, commissioning, maintenance support, and technical consulting. After receiving encouragement for developing reliable plasma cutting machines, the firm decided to expand its business into welding machines and welding systems. Technocrafts has also designed plasma gasifiers and Plasma Furnaces used for e-waste management and for advanced material processing.
Technocrats Plasma Systems Company Financial Report
To Be Updated Soon
Technocrats Plasma Systems Company Valuation & Key Performance Indicators
To Be Updated Soon
Technocrats Plasma Systems Peer Group Comparison
To Be Updated Soon
Technocrats Plasma Systems Lead Managers & Merchant Bankers
- Rarever Financial Advisors Pvt. Ltd.
Technocrats Plasma Systems IPO FAQs
Technocrats Plasma Systems IPO opens for subscription on 13 August 2026 and closes on 17 August 2026.
The price band for Technocrats Plasma Systems IPO is set at ₹125.00 to ₹132.00 per share.
The minimum market lot size is 1000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,000 Shares (₹2,64,000).
The latest Grey Market Premium (GMP) for Technocrats Plasma Systems IPO is ₹70. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Technocrats Plasma Systems IPO is tentatively scheduled for 18 August 2026, and shares are expected to list on the stock exchanges on 20 August 2026.
The registrar details will be confirmed in the official prospectus.
Technocrats Plasma Systems IPO Analysis & Articles