Technocrats Plasma Systems IPO 2026: Price Band, Dates, Lot Size & Key Details

Technocrats Plasma Systems IPO 2026: Price Band, Dates, Lot Size & Key Details

Technocrats Plasma Systems Limited, a Maharashtra-based engineering company specializing in plasma-based industrial solutions, is launching its SME IPO in August 2026. This guide lays out the price band, dates, lot size, and other factual details a beginner needs to follow the offer, along with useful context for more experienced readers. Nothing in this article is a recommendation to apply for or avoid the issue.

What is Technocrat's Plasma Systems Limited?

Originally incorporated as Technocrat Plasma Systems Private Limited on November 1, 1994, the company was renamed Technocrats Plasma Systems Private Limited in September 2021 and converted into a public limited company, Technocrats Plasma Systems Limited, in October 2025. It is based in Vasai, Palghar, Maharashtra.

The company is an engineering-focused business providing plasma-based surface treatment and coating solutions, air plasma cutting machines, welding equipment, and customized automation solutions for industrial applications. Its offering is built around indigenous design, in-house fabrication and lifecycle support services for its equipment.

Technocrats Plasma Systems IPO: Key Details

The table below summarizes the core facts of the issue as announced by the company.

Understanding the price band

This is a book-built issue with a price band of ₹125 to ₹132 per share. Bidders can place applications at any price within this range or select the cut-off option, and the final issue price is determined once bidding concludes, based on demand received across investor categories—Qualified Institutional Buyers (QIB), retail individual investors, and non-institutional investors (NII/HNI).

Financial Snapshot

Revenue and profit have grown sharply between FY25 and FY26 as per the company's disclosures around the IPO. For a complete financial picture, including balance sheet and cash flow details, readers should refer to the prospectus filed with the exchange.

Indicative IPO Timeline

These dates are as announced ahead of the issue opening. Refund, demat credit and listing dates are finalised by the exchange and registrar after bidding closes and can shift slightly; investors should verify final dates on the BSE website or the registrar's portal (Maashitla Securities) rather than relying on indicative estimates.

Lot Size and Minimum Investment

The market lot for this issue is 2,000 equity shares. At the upper end of the price band (₹132), one lot amounts to approximately ₹2,64,000. Applications can be made online through UPI or ASBA (Application Supported by Blocked Amount) via a bank's net banking portal or a broker's trading platform.

Objects of the Issue

As per available disclosures, the issue proceeds are proposed to be used broadly for machinery and equipment needs, working capital requirements, and general corporate purposes. Readers should refer to the prospectus for the exact break-up and rupee allocation across these heads.

What Makes This an “SME IPO”?

Technocrats Plasma Systems is proposed to be listed on the BSE SME platform rather than the mainboard. SME (Small and Medium Enterprise) platforms operate under a distinct SEBI framework designed for smaller companies and typically feature the following:

• Higher minimum lot sizes compared with mainboard IPOs, which narrows the investor base.

• A designated market maker that provides two-way quotes to support post-listing liquidity.

• Comparatively lower trading volumes and wider bid-ask spreads than mainboard-listed stocks.

• Disclosure and reporting norms that differ in some respects from mainboard-listed companies.

These are structural features common to SME IPOs generally, not specific commentary on this company's prospects.

Points Worth Verifying Before Reading Further Into the IPO

• Read the prospectus filed with the exchange for full risk factors, related-party transactions and litigation disclosures.

• Confirm live subscription numbers and category-wise demand only from the BSE website, not from unofficial grey-market or “GMP” sources.

• Check allotment status directly on the registrar's (Maashitla Securities) website once the basis of allotment is finalised.

• Note that SME-platform shares can be less liquid after listing than mainboard shares.

Key Takeaways

• Technocrats Plasma Systems IPO is a book-built SME issue with a price band of ₹125–₹132 per share, open August 14–18, 2026.

• It is a 100% fresh issue of 46.20 lakh shares aggregating to about ₹60.98 crore.

• The market lot is 2,000 shares; the minimum investment for one lot works out to about ₹2,64,000 at the upper band.

• Listing is proposed on the BSE SME platform, with a tentative listing date of August 21, 2026.

• The company specializes in plasma-based surface treatment, cutting, and welding equipment, with revenue and profit rising sharply between FY25 and FY26.

Frequently Asked Questions

1. What is the price band of the Technocrats Plasma Systems IPO?

The price band is set at ₹125 to ₹132 per equity share of face value ₹10. It is a book-built issue, so the final price is discovered through the bidding process within this range.

2. What are the Technocrats Plasma Systems IPO opening and closing dates?

The issue opens for subscription on Friday, August 14, 2026, and closes on Tuesday, August 18, 2026.

3. What is the lot size for the Technocrat's Plasma Systems IPO?

The market lot is 2,000 equity shares. At the upper price band of ₹132, one lot amounts to approximately ₹2,64,000.

4. Is the Technocrat's plasma system IPO a fresh issue or an offer for sale?

It is a 100% fresh issue of 46.20 lakh equity shares. There is no Offer for Sale component in this issue.

5. What is the total size of the Technocrat's Plasma Systems IPO?

The issue aggregates to approximately ₹60.98 crore at the upper price band.

6. On which exchange will Technocrats Plasma Systems shares be listed?

The company proposes to list on the BSE SME platform, a separate segment of the exchange meant for small and medium enterprises.

7. When is Technocrat's Plasma Systems IPO expected to list?

Based on the announced timeline, the basis of allotment is expected on August 19, 2026, with listing tentatively scheduled for August 21, 2026, subject to confirmation by the exchange.

8. What does Technocrats Plasma Systems Limited do?

It is an engineering company providing plasma-based surface treatment and coating solutions, air plasma cutting machines, welding equipment, and customized automation solutions, built on indigenous design and in-house fabrication.

9. Who are the lead manager and registrar for this IPO?

Rarever Financial Advisors Private Limited is the book-running lead manager, and Maashitla Securities Private Limited is the registrar to the issue.

10. How can investors apply for the Technocrats Plasma Systems IPO?

Applications can be made online through UPI or ASBA (Application Supported by Blocked Amount), typically via a bank's net banking portal or a broker's trading platform, by specifying the number of lots and bid price within the band.

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.