Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Technocrats Plasma Systems IPO
Price Band
₹125.0–132.0
Issue Size
₹60.98 Cr
Lot Size
1,000 shares
Min Investment
₹264,000
2 LOTS MIN
GMP
+₹70.0 (53.03%)
Issue Price
₹132.0
Subject to Sauda
₹53200
Paid only if allotted
Technocrats Plasma Systems IPO AI Summary
- Technocrats Plasma Systems IPO is listed on BSE SME in the Other Consumer Services sector.
- Price band: ₹125.0–₹132.0 per share, lot size 1,000 shares (min. investment ₹264,000, 2 lots minimum).
- Subscription window: 14 Aug–18 Aug 2026, listing on 21 Aug 2026.
- Current GMP is +₹70.0 (53.03%), an estimated listing price of ₹202 — unofficial and can change daily.
Technocrats Plasma Systems Ltd. is set to offer its shares in an IPO with a strong subscription response, reflecting significant interest from various investor categories. The company's financials show a robust growth trajectory in both revenue and profit, supported by a well-defined plan for the use of proceeds from the issue.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
203.36x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
169.54x
|
170x 🔥 |
| NII (HNI) |
311.97x
|
312x 🔥 |
| ↳ bNII (>₹10L) |
374.59x
|
375x 🔥 |
| ↳ sNII (<₹10L) |
186.74x
|
187x 🔥 |
| Retail (RII) |
176.05x
|
176x 🔥 |
| Total | 203.36x | 203.36x |
Auto-updated every 5 min · As of 18th Aug 2026 18:56
Technocrats Plasma Systems IPO Grey Market Premium (GMP) Today
GMP
+₹70.0
GMP %
+53.03%
Est. Listing
₹202.0
Updated: 21 Aug 2026 09:45
GMP Trend (Last 10 Days)
About the Company
Technocrats Plasma Systems Ltd. is an engineering-focused company engaged in providing plasma-based surface treatment and coating solutions for industrial applications. The company designs, develops, and installs plasma systems used for surface cleaning, activation, coating, and modification across diverse manufacturing sectors. Its services include system customization, installation, commissioning, maintenance support, and technical consulting, helping clients improve product performance, durability, and process efficiency. Product and Service Verticals: Machines (without automation) Machines (with automation) Customisation and Retrofit Services Competitive Strengths: Experience across industries, installed base and diversified customer base Indigenous design and in-house fabrication with cost and schedule control Product and solution range with customisation and lifecycle service Operations, quality assurance and employee training Experienced leadership and technical teams
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 72.06 | 36.72 | 13.55 |
| Total Income | 131.41 | 49.44 | 6.35 |
| Profit After Tax | 14.94 | 8.11 | 2.21 |
| EBITDA | 26.29 | 8.59 | 1.30 |
| NET Worth | 39.01 | 14.24 | 3.74 |
| Reserves and Surplus | 26.13 | 12.61 | 2.20 |
| Total Borrowing | 14.73 | 10.24 | 6.66 |
Key Ratios
EPS
₹11.60
NAV
₹30.28
ROE
56.10%
ROCE
48.55%
RoNW
56.10%
P/B Value
1.52
P/E Ratio
11.38
Market Cap
₹231.00 Cr
PAT Margin
11.37%
Debt/Equity
0.38
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Jyoti Cnc Automation Ltd | 88 | 16.79% | 58.51 | 14.78 | 14.78 |
| Patil Automation Limited | 63.49 | 13.77% | 23.21 | 8.65 | 8.65 |
| Esab India Ltd | 278.94 | 48.14% | 41.88 | 134.3 | 134.3 |
| Ador Welding Ltd | 318.6 | 14.79% | 31.55 | 47.11 | 47.06 |
| Technocrats Plasma Systems Ltd. This IPO | 30.28 | 56.1% | — | 11.63 | 11.63 |
Promoters
Arun Kumar, Vandana Sharma
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises 8.79 2 Funding towards long-term working capital requirements 40.00 3 General Corporate Purposes Total 48.79
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹6.35 Cr in the period ending 31 Mar 2024, rising to ₹49.44 Cr by 31 Mar 2025, and further increasing to ₹131.41 Cr by 31 Mar 2026. This shows a significant growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹2.21 Cr in the period ending 31 Mar 2024, increasing to ₹8.11 Cr by 31 Mar 2025, and further rising to ₹14.94 Cr by 31 Mar 2026. This indicates a consistent upward trend in profitability.
Valuation
Technocrats Plasma Systems Ltd. has an implied P/E ratio of 11.38 at the issue price, compared to peers trading at P/E ratios ranging from 23.21 to 58.51.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of how much investors are willing to pay for shares in the grey market before the IPO is listed. A positive GMP suggests that the stock may list at a higher price than the issue price, indicating strong demand.
Subscription Demand
As of 18th Aug 2026, the IPO has received a total subscription of 203.36 times, with significant interest from various categories: QIBs at 169.54 times, NIIs at 311.97 times, and Retail investors at 176.05 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, industry position, and financial health.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid investing in IPOs, as they can be subject to significant price fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 14th Aug 2026 and closes on 18th Aug 2026. Allotment of shares will be done on 19th Aug 2026, with the listing date set for 21st Aug 2026.
Listing Gains — The Risk
While many investors hope for listing gains, there is no guarantee that the stock will perform well on its first day of trading. Market conditions, investor sentiment, and overall demand can all impact the listing price.
This evaluation is generated from Technocrats Plasma Systems's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Technocrats Plasma Systems IPO GMP today?
Technocrats Plasma Systems IPO GMP today is +₹70.0 (53.03%), indicating an estimated listing price of ₹202. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Technocrats Plasma Systems IPO?
The price band of Technocrats Plasma Systems IPO is ₹125.0–₹132.0 per share.
When does Technocrats Plasma Systems IPO open and close?
Technocrats Plasma Systems IPO opens on 14 August 2026 and closes on 18 August 2026.
When does Technocrats Plasma Systems IPO list on the stock exchange?
Technocrats Plasma Systems IPO listed on 21 August 2026 at ₹202.0.
What is the lot size for Technocrats Plasma Systems IPO?
The lot size for Technocrats Plasma Systems IPO is 1000 shares, requiring a minimum investment of ₹264,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹125.0 to ₹132.0.
What is the minimum investment required?
The minimum investment required is ₹264,000 for a lot size of 1000 shares.
When does the IPO open and close?
The IPO opens on 14th Aug 2026 and closes on 18th Aug 2026.
What does GMP mean?
GMP, or Grey Market Premium, indicates the expected premium at which the stock may list compared to its issue price.
When will the shares be listed?
The shares are expected to be listed on 21st Aug 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
14 Aug 2026
Close
18 Aug 2026
Allotment
19 Aug 2026
Listing
21 Aug 2026
Similar IPOs in Other Consumer Services
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Technocrats Plasma Systems?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.