Technocrats Plasma Systems 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.
IPO GMP
+₹70
+53% expected gain
Price Band
₹132
Lot Size
2000 shares
Min Investment
₹2,64,000
Listing Date
August 21, 2026
About Technocrats Plasma Systems
Company overview, business, and key facts.
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.
Headquarters
Palghar, Maharashtra
Website
http://www.technocratplasma.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: Neutral
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Technocrats Plasma Systems IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹231.0 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
15.5x
Peer median 36.7x (discount of 57.8%)
Price to sales
1.76x
Revenue growth, 2026
+165.8%
354.9% a year over the period
Profit growth, 2026
+84.2%
160% a year over the period
Profit margin (PAT)
11.4%
EBITDA margin 20.02%
ROE / ROCE
56.1% / 48.55%
As published in the offer document
Debt to equity
0.38
Promoter holding
86.96% → 64%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹1,40,000
2000 shares on ₹2,64,000. GMP is unofficial.
What stands out
- Profit grew 84.2% in 2026.
- Priced at a 57.8% discount to the peer median P/E of 36.7.
- GMP has been rising over the last three readings.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Technocrats Plasma Systems's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Technocrats Plasma Systems IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Technocrats Plasma Systems IPO is trading at a grey market premium (GMP) of +₹70 (+53% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 188.74x overall — QIB: 169.54x, NII: 231.28x, Retail: 175.04x.
Technocrats Plasma Systems IPO subscription has closed. The shares are expected to list on August 21, 2026.
The minimum investment required is ₹2,64,000 for 2000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: Neutral.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Technocrats Plasma Systems IPO — Frequently Asked Questions
What is Technocrats Plasma Systems IPO GMP today?
Technocrats Plasma Systems IPO GMP (grey market premium) today is +₹70, suggesting an estimated listing gain of +53%. GMP is indicative and subject to change.
What is the price band of Technocrats Plasma Systems IPO?
The price band for Technocrats Plasma Systems IPO is ₹132 with a lot size of 2000 shares. The minimum investment required is ₹2,64,000.
When is Technocrats Plasma Systems IPO allotment date?
Technocrats Plasma Systems IPO allotment is expected to be finalised on August 19, 2026. You can check your allotment status on the registrar's website (Maashitla Securities Pvt. Ltd.) using your PAN number.
When will Technocrats Plasma Systems IPO list on NSE/BSE?
Technocrats Plasma Systems IPO is expected to list on BSE SME on August 21, 2026.
How to check Technocrats Plasma Systems IPO allotment status?
To check Technocrats Plasma Systems IPO allotment status, visit the registrar's website (Maashitla Securities Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Technocrats Plasma Systems IPO?
Technocrats Plasma Systems IPO is showing a strong GMP of +₹70 (+53%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Technocrats Plasma Systems IPO?
The lot size for Technocrats Plasma Systems IPO is 2000 shares per lot. The minimum investment for retail investors is ₹2,64,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.