SME
IPO ·
BSE SME
Technocrats Plasma Systems Ltd
Listed
Incorporated in 1994, Technocrats Plasma Systems Ltd. is an engineering-focused company engaged in providing plasma-based surface treatment and coating solutions for industrial applications.
Issue details
Price band
₹125 – ₹132
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,64,000
Issue size
₹60.98 Cr
Fresh issue
₹57.93 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
14 Aug 2026
Closes
18 Aug 2026
UPI mandate cut-off
5:00 PM on 18 Aug 2026
Allotment
19 Aug 2026
Refunds
20 Aug 2026
Shares in demat
20 Aug 2026
Listing
21 Aug 2026
Subscription and listing
Subscription
142.50x
Listing price
₹230
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Rarever Financial Advisors
Subscription by category
Total
142.50x
Total applications
1,68,468
Anchor investors
Amount raised
₹17.34 Cr
Bid date
13 Aug 2026
50% lock-in ends
18 Sep 2026
Rest lock-in ends
17 Nov 2026
Listing day
Issue price
₹132
Open
₹230.00
High
₹241.50
Low
₹218.50
Day close
₹241.50
Listing gain at open
+74.24%
Issue structure
Shares reserved per category and share of the total issue
QIB
21,91,000
47.42%
Anchor Investor
13,14,000
28.44%
QIB (Ex. Anchor)
8,77,000
18.98%
NII
6,60,000
14.29%
bNII > ₹10L
4,40,000
9.52%
sNII < ₹10L
2,20,000
4.76%
Retail
15,38,000
33.29%
Market Maker
2,31,000
5.00%
Total
46,20,000
100.00%
Finaccle’s quick read
Apply
FY26 income up 166%, PAT up 84%, ROE 56.10%, D/E 0.38, post-issue P/E 15.47x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 1994, 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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
56.10%
ROCE
48.55%
Debt / equity
0.38
PAT margin
11.37%
P/E post issue
15.47
Market cap
₹231.00 Cr
Use of IPO money
Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existi
₹8.79 Cr
Funding towards long-term working capital requirements
₹40.00 Cr
General Corporate Purposes
₹5.50 Cr
Issue Expenses
₹6.70 Cr
Strengths
✓
Revenue up 166% in FY26 to ₹131.41 Cr
✓
PAT up 84% in FY26 to ₹14.94 Cr
✓
PAT margin of 11.37%
✓
ROE of 56.10% and ROCE of 48.55%
✓
Moderate leverage: debt to equity 0.38
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.