Technocrats Plasma Systems IPO GMP, Date, Price Band & Review

Technocrats Plasma Systems IPO Details

Technocrats Plasma Systems IPO is a 100% book-built issue of ₹60.98 crore, entirely a fresh issue of up to ₹58 crore and up to ₹3 crore is reserved for market makers. The face value is set at ₹10 per share. The company filed its DRHP with SEBI on December 31, 2025.

The price band of the issue is set between ₹125 to ₹132 per share and the lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor is ₹2,64,000 (2,000 shares). The book-running lead manager of the issue is Rarever Financial Advisors Private Limited, while the registrar to the issue is Maashitla Securities Pvt. Ltd.

Technocrats Plasma Systems IPO Date & Timeline

The Technocrats Plasma Systems IPO is officially set to open for subscription on Aug 14, 2026 and will close on Aug 18, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on December 31, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Aug 19, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Aug 20, 2026. Finally, shares of Technocrats Plasma Systems Ltd. are tentatively scheduled to list on the stock exchanges on Aug 21, 2026.

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 ₹59, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹191, which is 44.70% 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 in Palghar, Maharashtra, with 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. The business transitioned into a public limited company in September 2025 to initiate its public listing procedures.

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

Technocrats Plasma Systems Ltd. operates an advanced manufacturing facility located at Gaon Devi Industrial Estate in Vasai East, Palghar, Maharashtra. Spanning a dedicated engineering and operational space, the facility is equipped for assembling, integrating and testing high-voltage plasma cutting systems, CNC profile machines and automated welding equipment. The company plans to further expand its operational capacity by procuring new plant and machinery to scale production.

Brands & Market Presence

Technocrats Plasma Systems Ltd. has established a strong market presence in India as a pioneer in plasma cutting, welding and CNC automation technology. Operating across key industrial sectors—including metal fabrication, automotive, defense and heavy engineering—the company delivers high-precision solutions supported by robust domestic distribution and nationwide engineering service networks. Through continuous innovation in fibre laser, plasma and customized automation systems, the firm maintains strong brand credibility and expanding market reach.

Revenue Streams & Business Model

Technocrat Plasma Systems Ltd. has its 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.

Financial Performance

Technocrats Plasma Systems Ltd. has demonstrated significant growth in its financial performance. Operating revenue rose sharply from ₹6.06 crore in FY24 to ₹49.36 crore in FY25. Net profit experienced a substantial increase, expanding from ₹2.21 crore to ₹8.11 crore during the same period. Additionally, the company maintained strong profitability ratios, achieving a return on equity of 90.21% and a return on capital employed of 50.41% in FY25.

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 owned 86.96% of the pre-issue equity share capital, but after the IPO, the promoters' shareholding will be slightly diluted as the offering is up to 46.20 lakh new shares for the public.

Board & Key Management

The leadership of Technocrat Plasma Systems Ltd. is led by a team of experts with many years of experience. Arun Kumar serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as manages the daily operations, along with Whole-Time Director Amrisha Arun Kumar Sharma. To ensure good governance, the board includes Independent Directors Indu Shekhar Jha and Vijoy Kumar for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.