Technocrats Plasma Systems IPO

Technocrats Plasma Systems IPO Details

Technocrats Plasma Systems IPO is a 100% book-built issue comprising 46.20 lakh equity shares, entirely a fresh issue offering, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 31, 2025.

The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE SME platforms. The book-running lead manager (BRLM) for this issue is Rarever Financial Advisors Pvt. Ltd., while the registrar to the issue is Maashitla Securities Pvt. Ltd.

Technocrats Plasma Systems IPO Date & Timeline

Technocrats Plasma Systems Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on December 31, 2025. However, the specific Technocrats Plasma Systems IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

Technocrats Plasma Systems IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Technocrats Plasma Systems IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Technocrat Plasma Systems Ltd. was incorporated as a private limited company in November 1994; the business transitioned into a public limited company in September 2025 to facilitate its current expansion goals. The company, based in Palghar, Maharashtra, was founded on the vision of entering the Indian market with state-of-the-art air plasma cutting machines. Over the last three decades (30+ years), the company has evolved from being an initial pioneer in thyristor-controlled plasma machines to an engineering company offering integrated automation and welding solutions for large-scale metal fabrication projects.

Operations & Product Range

The core operations of Technocrat Plasma Systems Ltd. include the manufacture and customisation of capital equipment for the heavy engineering and industrial automation industries. Some of the major equipment includes plasma cutting machines, CNC profile cutting machines, advanced arc welding equipment and plasma torches. Along with the sale of equipment, the company also offers full-service solutions, including customising the equipment, upgrading existing equipment, installing the equipment and providing maintenance services. The customers for the company include industries from various sectors like aerospace, steel, defence and metal fabrication.

Facilities & Capacity

Technocrat Plasma Systems Ltd. has a special manufacturing facility in the Gaon Devi Industrial Estate in Vasai East, Palghar, Maharashtra, where they put together and test high-voltage plasma systems and automated welding robots. This issue mainly aims to use the new issue to buy and set up new equipment at its current location, which will help increase its ability to make customised automation systems and handle more complex industrial orders.

Brands & Market Presence

Technocrat Plasma Systems Ltd. operates under the brand name of the "Technocrats” and has maintained extreme reliability and cutting-edge technology. In terms of its market presence in India, it has successfully installed its equipment in several large public and private sector organisations, including the Ministry of Defence, Bharat Heavy Electricals Ltd. (BHEL) and the Steel Authority of India Ltd. (SAIL). It has a legacy with 23 years of experience (operating since 1990) and it has significant brand equity in winning large heavy engineering contracts.

Revenue Streams & Business Model

Technocrat Plasma Systems Ltd. has the main revenue streams from its solid B2B business model. The main revenue streams are from direct sales of capital products like CNC plasma cutters and heavy-duty welding machines, along with consistent revenue from sales of consumables such as plasma torches and electrodes and high-margin service revenue from machine retrofitting and maintenance. The company is able to mitigate economic fluctuations with its business model by providing services to meet long-term business cycles.

Management & Shareholding

The management team of Technocrat Plasma Systems Ltd., including Arun Kumar and Vandana Sharma, knowledgeable about plasma surface engineering and making industrial equipment, are responsible for promoting the company. Before the IPO, the promoters and promoter group owned 1.12 crore equity shares, representing 86.96% of the pre-issue equity share capital. The planned dilution from the 100% fresh issue of 46.20 lakh equity shares will allow public market investors to participate while the founders monitor technical progress and day-to-day operations.

Board & Key Management

The Board of Directors of Technocrat Plasma Systems Ltd. brings together entrepreneurial vision and technical leadership. The core promoters, who oversee daily operations, project acquisitions and capacity expansions, spearhead strategic execution. To ensure strict adherence to corporate governance, the management team includes CS Prashant Prakash Lathi, who serves as a compliance officer and CFO Vandana Sharma.