Technocrats Plasma Systems IPO 2026: Price Band, Dates, Lot Size, Financials and IPO Details
Technocrats Plasma Systems IPO is set to open for subscription on August 14, 2026, and will close on August 18, 2026. The SME IPO is a fresh issue of 46.20 lakh equity shares and aims to raise approximately ₹60.98 crore.
The IPO has a price band of ₹125 to ₹132 per share and will be listed on the BSE SME platform. The company plans to use a major portion of the IPO proceeds for working capital, along with investment in plant and machinery
Technocrats Plasma Systems IPO – Overview
Technocrats Plasma Systems Limited is engaged in the development, manufacturing and installation of plasma-based systems and industrial automation solutions.
The company provides plasma technology-based solutions for applications such as surface cleaning, activation, coating and modification. It also manufactures plasma cutting machines, welding equipment and customised automation systems.
The company has expanded its product portfolio into plasma cutting machines, welding machines, welding systems, plasma gasifiers and plasma furnaces. Its plasma gasification and furnace technologies are also used for applications such as e-waste management and advanced material processing.
Technocrats Plasma Systems IPO Details
| Particular | Details |
|---|---|
| Company Name | Technocrats Plasma Systems Limited |
| IPO Open Date | August 14, 2026 |
| IPO Close Date | August 18, 2026 |
| IPO Type | Book Built Issue |
| Issue Size | ₹60.98 Crore |
| Fresh Issue | ₹60.98 Crore |
| Offer for Sale | Nil |
| Face Value | ₹10 per share |
| IPO Price Band | ₹125 – ₹132 per share |
| Market Lot | 2,000 Shares |
| Minimum Investment | ₹2,64,000 |
| Listing | BSE SME |
| Basis of Allotment | August 19, 2026 |
| Refund Date | August 20, 2026 |
| Demat Credit | August 20, 2026 |
| Listing Date | August 21, 2026 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Lead Manager | Rarever Financial Advisors Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
Technocrats Plasma Systems IPO Price Band and Lot Size
The company has fixed the IPO price band at ₹125 to ₹132 per equity share.
The minimum application is for 2,000 shares.
At the upper price band of ₹132, the minimum investment required for one lot is:
2,000 × ₹132 = ₹2,64,000
The SME IPO therefore requires a substantially higher minimum application amount than a typical mainboard retail IPO.
Where Will Technocrats Plasma Systems Use IPO Money?
The company plans to use the IPO proceeds primarily for working capital and expansion of its manufacturing capabilities.
IPO Fund Utilisation
1. Plant and Machinery – ₹8.79 Crore
The company plans to purchase and install plant and machinery for manufacturing:
- Plasma cutting machines
- Welding equipment
- Customised automation systems
The machinery will be installed at the company’s existing premises.
2. Working Capital – ₹44.07 Crore
The largest portion of the IPO proceeds will be used to meet the company’s long-term working-capital requirements.
This indicates that increasing business volumes require additional funding for day-to-day operations and working-capital needs.
Technocrats Plasma Systems Business Model
The company’s business can broadly be divided into equipment manufacturing and customised industrial solutions.
Plasma technology can be used to modify the surface characteristics of materials through processes such as cleaning, activation and coating.
This gives plasma systems applications across different manufacturing industries where surface treatment, cutting, welding or automation is required.
The company is also moving towards customised solutions, which can potentially provide higher-value projects compared with selling standard machines.
Technocrats Plasma Systems IPO Financial Performance
The company has reported significant growth in revenue over the last three financial years.
Financial Performance
₹ Crore
| Financial Year | Revenue | Expenses | PAT | Assets |
|---|---|---|---|---|
| FY2024 | ₹6.35 Cr | ₹5.55 Cr | ₹2.21 Cr | ₹13.55 Cr |
| FY2025 | ₹49.44 Cr | ₹41.68 Cr | ₹8.11 Cr | ₹36.72 Cr |
| FY2026 | ₹131.41 Cr | ₹106.47 Cr | ₹14.94 Cr | ₹72.06 Cr |
Disclaimer
This article is prepared for informational and educational purposes only based on publicly available IPO information. It should not be considered investment advice or a recommendation to apply for the Technocrats Plasma Systems IPO.
IPO investments, particularly SME IPOs, involve risks including price volatility, limited liquidity, business risks, valuation risks and the possibility of loss of capital. Investors should read the DRHP/RHP and final offer documents, review the company’s financials and risk factors, and consult a SEBI-registered investment adviser before making any investment decision.