Technocrats Plasma Systems Ltd. IPO Review 2026: Listing Dates, Allotment, GMP & Overview
Technocrats Plasma Systems IPO is a ₹60.98 crore book-built issue comprising an entirely fresh issue of 46.20 lakh shares. The IPO will open for subscription from August 14 to August 18, 2026. The price band is ₹125 to ₹132 per share, with a minimum retail investment of ₹2.64 lakh. The shares are proposed to be listed on the BSE SME platform.
| Technocrats Plasma Systems IPO Details | Details |
|---|---|
| IPO Open Date | August 14, 2026 |
| IPO Close Date | August 18, 2026 |
| IPO Size | ₹60.98 Crore |
| Price Band | ₹125 to ₹132 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 Shares |
| Minimum Retail Investment | ₹2,64,000 (2,000 shares) |
| Issue Type | Book Building IPO |
| Issue Type | Fresh Capital Only |
| Listing | BSE SME |
| Market Cap* | ₹231.00 Crore |
| Lead Manager | Rarever Financial Advisors Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Maker | Aftertrade Broking Pvt. Ltd. |
*Market capitalisation based on the upper price band.
Technocrats Plasma Systems IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | August 14, 2026 |
| IPO Closes | August 18, 2026 |
| Allotment | August 19, 2026 |
| Refund | August 20, 2026 |
| Credit of Shares | August 20, 2026 |
| Listing | August 21, 2026 |
Technocrats Plasma Systems IPO Issue Details
| Particulars | Details |
|---|---|
| Total Issue Size | 46,20,000 Shares (up to ₹60.98 Crore) |
| Fresh Issue | 46,20,000 Shares (up to ₹60.98 Crore) |
| Fresh Issue Ex Market Maker | 43,89,000 Shares (up to ₹58 Crore) |
| Market Maker Reservation | 2,31,000 Shares (up to ₹3 Crore) |
| Net Offered to Public | 43,89,000 Shares (up to ₹58 Crore) |
| Pre-Issue Shareholding | 1,28,80,000 Shares |
| Post-Issue Shareholding | 1,75,00,000 Shares |
Refer to DRHP for detailed information.
About Technocrats Plasma Systems Ltd.
Incorporated in 1994, Technocrats Plasma Systems Ltd. is an engineering-focused company providing plasma-based surface treatment and coating solutions for industrial applications. Its solutions are used for surface cleaning, activation, coating and modification across various manufacturing sectors.
The company provides customised plasma systems along with installation, commissioning, maintenance, technical consulting, retrofit and upgradation services. Its product portfolio includes machines with and without automation, customised and retrofit solutions, and related services.
Technocrats Plasma Systems Product & Service Portfolio
| Category | Offerings |
|---|---|
| Machines | Machines without automation and machines with automation |
| Customisation | Customisation and retrofit solutions |
| Installation | Installation and commissioning |
| Maintenance | Lifecycle maintenance and add-on services |
| Upgradation | Upgradation, retrofit support and spares |
The company develops its products through in-house research and development and engineering capabilities. Its teams undertake mechanical, electrical and control design for plasma cutting machines, welding equipment and automation systems.
Technocrats Plasma Systems operates two manufacturing facilities at Gaodevi Industrial Estate, Sativali, Vasai, Maharashtra. As of June 30, 2026, the company had an employee base of 40 employees.
Technocrats Plasma Systems IPO – Competitive Strengths
- Experience across industries supported by an installed base and diversified customer base.
- Indigenous product design and in-house fabrication supporting cost and schedule control.
- Wide product and solution portfolio with customisation and lifecycle services.
- Focus on operations, quality assurance and employee training.
- Experienced leadership and technical teams.
Technocrats Plasma Systems IPO – Key Points to Consider
- The IPO is entirely a fresh issue, with proceeds intended to be raised by the company.
- The company operates in the industrial automation and plasma-based surface treatment segment.
- Its business model combines equipment sales with installation, maintenance, retrofit and other lifecycle services.
- The company has in-house R&D and engineering capabilities and operates two manufacturing facilities in Vasai, Maharashtra.
- Investors should evaluate the company's financial performance, valuation, industry risks, customer concentration and utilisation of IPO proceeds before making any investment decision.
IPO Allotment & Application Status
Registrar: Maashitla Securities Pvt.Ltd.
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Technocrats Plasma Systems IPO – Frequently Asked Questions
What is the Technocrats Plasma Systems IPO size?
Technocrats Plasma Systems IPO is a ₹60.98 crore book-built issue comprising an entirely fresh issue of 46.20 lakh shares.
When will the Technocrats Plasma Systems IPO open?
The IPO is scheduled to open for subscription on August 14, 2026 and close on August 18, 2026.
What is the Technocrats Plasma Systems IPO price band?
The price band is ₹125 to ₹132 per share.
What is the minimum investment for Technocrats Plasma Systems IPO?
For the stated retail application structure, the minimum investment is ₹2.64 lakh for 2,000 shares, based on the upper price of ₹132 per share.
What is the Technocrats Plasma Systems IPO lot size?
The lot size is 1,000 shares. The stated retail minimum is 2 lots, or 2,000 shares.
When will Technocrats Plasma Systems IPO be listed?
The tentative listing date is August 21, 2026, on the BSE SME platform.
What does Technocrats Plasma Systems Ltd. do?
Technocrats Plasma Systems provides plasma-based surface treatment and coating solutions, including industrial plasma systems, customised solutions, installation, commissioning, maintenance, retrofit and upgradation services.
Who are the lead manager and registrar of Technocrats Plasma Systems IPO?
Rarever Financial Advisors Pvt. Ltd. is the book running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar of the issue.
Investor Education Hub: Everything You Need to Know About IPOs
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- Step-by-Step Guide: IPO Process in India
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Disclaimer: - Investments in IPOs are subject to market risks. Investors should read the Red Herring Prospectus carefully and consult their financial advisor before investing. https://www.mnclgroup.com/research-disclaimer
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