Technocrats Plasma Systems IPO
Technocrats Plasma Systems IPO closed on 18 Aug 2026. Allotment 19 Aug 2026, listing 21 Aug 2026. Price band ₹125–₹132, lot 1000 shares, GMP +₹70 (53.03%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹125–₹132 |
| Lot size | 1000 shares |
| Minimum investment | ₹2,64,000 |
| Issue size | ₹60.98 Cr |
| GMP | +₹70 (53.03%) |
| Open date | 14 Aug 2026 |
| Close date | 18 Aug 2026 |
| Allotment date | 19 Aug 2026 |
| Listing date | 21 Aug 2026 |
About Technocrats Plasma Systems
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems for metal fabrication in India. Headquartered in Maharashtra with manufacturing facilities in Vasai East, the company designs, manufactures, supplies, installs, and commissions cutting and welding solutions. Its product portfolio comprises plasma cutting machines, CNC gas and plasma profile cutting machines, CNC pipe profile systems, fibre laser cutting machines, laser welding systems, and conventional and inverter-based welding equipment. The company also offers integrated Fibre Laser + Plasma + Oxy-Fuel cutting systems. It generates revenue primarily through the sale of manufactured machinery, spare parts, and execution of turnkey projects. Additionally, the company provides technical consultancy, layout planning, on-site commissioning…
Strengths
- Over 30 years of track record in manufacturing plasma cutting and welding equipment.
- In-house design capabilities for indigenous development of CNC and laser systems.
- Wide product portfolio including CNC profile cutters, fibre lasers, and welding units.
- End-to-end service offering covering consultancy, installation, training, and retrofits.
- Strong return metrics with ROCE at 62.85% and RoNW at 124.79%
Risks
- Heavy reliance on raw material supply chains and volatile specialty steel prices.
- High capital and R&D requirements needed to keep pace with rapid technological changes.
- Risk of operational strain and quality control issues while scaling up manufacturing.
- Limited brand recognition in international markets compared to global competitors.
- Financial risk from leverage, with a Debt-to-Equity ratio standing at 1.10 times