Technocrats Plasma Systems IPO

About Technocrats Plasma Systems IPO

The public issue of the Technocrats Plasma Systems IPO, an SME IPO, opens on Friday, August 14, 2026 and closes on Tuesday, August 18, 2026. The allotment of shares will take place on Wednesday, August 19, 2026. The credit of shares to the demat account will take place on Thursday, August 20, 2026 . The initiation of refunds will take place on Thursday, August 20, 2026. The listing of shares will take place on Friday, August 21, 2026. The equity shares offered through the IPO are proposed to be listed on the BSE SME platform.

The offer consists of a fresh issue component. The fresh issue will include 0.46 crore shares of ₹60.98 crore. The total number of shares and aggregate amount are 46,20,000 shares aggregating up to ₹61 crore.

Technocrats Plasma Systems IPO’s price band is set at ₹125 to ₹132 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by a retail individual investor is ₹2,64,000 (2,000 shares) based on the upper price band. The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,96,000.

Technocrats Plasma Systems is an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication and related industries in India. Their products are used by customers in various sectors including automotive, construction, shipbuilding, heavy engineering and general manufacturing.

Objectives of Technocrats Plasma Systems IPO

• Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises (factory at Gala No. 6,7,8 & 1st floor 106,107,108, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-I) and the second unit was added in Gala No. 105, First floor, Nirav No. 2, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-II).
  
• Funding towards long term working capital requirements.
  
• General corporate purposes.
  

Industry Outlook

The Machine Tools — Metal-Cutting and Welding Equipment Manufacturing Industry forms a specialized sub-segment of India’s Capital Goods sector, under the broader Engineered Goods domain, and is classified under Special-Purpose Machinery (NIC 28299). This industry designs, engineers, and manufactures precision equipment used in metal cutting, joining, forming, and fabrication, serving as a foundational enabler of India’s industrial production, engineering exports, and infrastructure expansion. The segment encompasses a comprehensive range of systems, including CNC plasma and gas profile cutting machines, pipe and plate profiling equipment, arc and plasma welding power sources, automation-based robotic welding systems, and special purpose machinery (SPMs). Complementary offerings such as cutting torches, welding electrodes, nozzles, and consumables ensure operational reliability, accuracy, and continuity in production. Catering to both high-volume fabrication and customized prototyping or maintenance operations, the segment emphasizes energy efficiency, durability, and environmental robustness. By integrating CNC plasma cutting, welding automation, and metal fabrication solutions, this industry not only fortifies India’s Capital Goods manufacturing base but also enhances its global competitiveness in engineered products.

About Technocrats Plasma Systems

Technocrats Plasma Systems is an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication and related industries in India. Their products are used by customers in various sectors including automotive, construction, shipbuilding, heavy engineering and general manufacturing.

Their product portfolio includes manual and CNC-controlled plate and pipe cutting systems for different material thicknesses and profiles, welding equipment for MIG, TIG, ARC, SAW and laser processes, and automation solutions for cutting and welding lines. Their activities cover understanding customer requirements, preparing system configurations, detailed engineering, fabrication and assembly of equipment, testing, and supply of machines and systems. In addition to supplying equipment, they provide technical consultancy on process selection and layout, site engineering support and digital and cloud-based fabrication support services. They also support customers through installation and commissioning assistance, operator familiarisation, aftersales service and supply of spares and consumables over the life of the equipment.

Strengths of Technocrats Plasma Systems

• 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.
  

Risks of Technocrats Plasma Systems

• A substantial portion of their revenue from operations is from their top 10 customers.
  
• They are dependent upon few suppliers for the material requirements of their business.
  
• Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that they procure, may adversely affect the supply and pricing of their products.
  
• Their revenues are significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact their business, etc.
  
• Their success is dependent on their relationship with their customers, and they do not generally enter into long term purchase contracts.
  

Anchor Investor Bidding Date

Thursday, August 13, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
Maashitla Securities Pvt.Ltd.
Email: ipo@maashitla.com
Tel: 011-45121795

Book Running Lead Manager
Rarever Financial Advisors Pvt.Ltd.

Technocrats Plasma Systems Contact Details
Gala No. 6, 7, 8, 105, 106, 107, 108, Nirav-2, Gaon Devi Industrial Estate,
Sativali, Vasai East, Dist. Palghar, Maharashtra, 401208
Email: cs@technocratplasma.com
Phone: 78880 99611

Technocrats Plasma Systems Business Model

The company earns its revenue as an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication and related industries.

Technocrats Plasma Systems Growth Trajectory

Technocrats Plasma Systems’s Total Income for FY26 was ₹131.41 crore, whereas in FY245 and FY24 it was ₹49.44 crore and ₹6.35 crore, respectively.

The Profit After Tax for FY26 was ₹14.94 crore, whereas in FY25 and FY24 it was ₹8.11 crore and ₹2.20 crore, respectively.

Their EBITDA for FY26 was ₹26.28 crore, whereas in FY25 and FY24 it was ₹8.59 crore and ₹1.30 crore, respectively.

Technocrats Plasma Systems Market Position

As on the date of the Red Herring Prospectus, Technocrats Plasma Systems partners with more than 2,500 clients across India, and abroad. Their order pipeline is anchored by repeat customers across heavy fabrication and engineering, automotive, infrastructure and construction equipment, shipbuilding and marine industries, defence, nuclear energy and oil & gas sectors, providing visibility on near-term and medium-term execution. Their customer base spans India and select export markets, which reduces reliance on any single end-market or region.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹131.41 crore, ₹14.94 crore, and ₹26.28 crore, respectively.

How to apply for Technocrats Plasma Systems IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.