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TECHNOCRATS PLASMA SYSTEMS IPO

ALREADY DEPARTEDBSE SME · SME · OTHER CONSUMER SERVICES
INDICATIVE FARE / PRICE BAND
₹132
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 25 AUG 2026, 14:02 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹132
LOT SIZE
1000 SHARES
ISSUE SIZE
₹60.98 CR
MIN INVESTMENT
₹1,32,000 · 1000 SHARES
P/E RATIO
11.38
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
14 AUG 26
✓ STOP CLEARED
CLOSES
18 AUG 26
✓ STOP CLEARED
ALLOTMENT
19 AUG 26
✓ STOP CLEARED
LISTING
21 AUG 26
✓ STOP CLEARED
ANCHOR BIDDING13 AUG 26REFUNDS INITIATED20 AUG 26SHARES IN DEMAT20 AUG 26ANCHOR LOCK-IN ENDS · 30 DAY18 SEPT 26ANCHOR LOCK-IN ENDS · 90 DAY17 NOV 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹230
DAY-1 LISTING GAIN
+74.24%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION203.36×
QIB169.54×
NII311.97×
SMALL HNI186.74×
BIG HNI374.59×
RETAIL176.05×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
MINIMUM APPLICATION · AS PUBLISHED22,000₹2,64,000
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹132 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS · ONE LOT ALREADY EXCEEDS THE RETAIL CEILING ON THIS ISSUE
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹57.93 CR
43,89,000 SHARES
TOTAL SHARES OFFERED
43,89,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
11.6
EPS · POST-ISSUE
8.53
P/E RATIO
11.38
P/E · POST-ISSUE
15.47
RONW
56.1%
ROCE
48.55%
ROE
56.1%
PAT MARGIN
11.37%
EBITDA MARGIN
20.02%
PRICE / BOOK
1.52
NAV PER SHARE
₹30.28
DEBT / EQUITY
0.38
MARKET CAP
₹231 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS13.5536.7272.06
TOTAL INCOME6.3549.44131.41
PROFIT AFTER TAX2.218.1114.94
EBITDA1.38.5926.29
NET WORTH3.7414.2439.01
RESERVES AND SURPLUS2.212.6126.13
TOTAL BORROWING6.6610.2414.73
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIO
Technocrats Plasma Systems Ltd. · THIS ISSUER11.6311.6330.2856.1
Ador Welding Ltd47.1147.06318.631.5514.794.67
Esab India Ltd134.3134.3278.9441.8848.1420.23
Patil Automation Limited8.658.6563.4923.2113.773.17
Jyoti Cnc Automation Ltd14.7814.788858.5116.799.83
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

Notes: P/E ratio has been calculated after considering closing BSE/NSE price of the peer as on March 31, 2026 obtained from BSE and NSE website and the diluted EPS.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises8.79
Funding towards long-term working capital requirements40
General Corporate Purposes
INR CR 48.79 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
13,14,000
SHARES
QIB
8,77,000
Not more than 50% of the Net Issue
NII (HNI)
6,60,000
Not less than 15% of the Net Issue
SNII
2,20,000
SHARES
BNII
4,40,000
SHARES
RETAIL
15,38,000
Not less than 35% of the Net Issue
MARKET MAKER
2,31,000
SHARES
43,89,000 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

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

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Arun Kumar, Vandana Sharma
HOLDING PRE-ISSUE
86.96%
HOLDING POST-ISSUE
64%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Rarever Financial Advisors Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
Maashitla Securities Pvt.Ltd.
PHONE
011-45121795
THE COMPANY
PHONE
78880 99611
REGISTERED OFFICE
Gala No. 6, 7, 8, 105, 106, 107, 108, Nirav-2, Gaon Devi Industrial Estate, Sativali, Vasai East, Dist., Palghar, Maharashtra, 401208
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Technocrats Plasma Systems IPO price band?+

The indicative price band is ₹132 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Technocrats Plasma Systems IPO?+

One lot is 1000 shares. At the upper band of ₹132, one lot works out to ₹1,32,000.

When does the Technocrats Plasma Systems IPO open and close?+

The issue opened on 14 Aug 2026 and closed on 18 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Technocrats Plasma Systems IPO allotment?+

Allotment is scheduled for 19 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Technocrats Plasma Systems list?+

Listing took place on 21 Aug 2026 on BSE SME.

Where will Technocrats Plasma Systems be listed?+

Technocrats Plasma Systems is listed on BSE SME. It is an SME issue, so it trades on the SME platform.

How large is the Technocrats Plasma Systems IPO?+

The issue size is ₹60.98 Cr — a fresh issue of ₹57.93 cr. Figures are indicative and subject to the RHP.

How was the Technocrats Plasma Systems IPO subscribed?+

The issue was subscribed 203.36× overall. By category: qib 169.54×, nii 311.97×, small hni 186.74×, big hni 374.59×, retail 176.05×. Subscription figures are as reported by the exchanges.

At what price did Technocrats Plasma Systems list?+

Technocrats Plasma Systems listed at ₹230, +74.24% against the issue price.

Who is the registrar for the Technocrats Plasma Systems IPO?+

The registrar to the issue is Maashitla Securities Pvt.Ltd. (011-45121795), ipo@maashitla.com.

Where can I check the Technocrats Plasma Systems IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://maashitla.com/allotment-status/public-issues. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Technocrats Plasma Systems IPO?+

The P/E ratio on file for this issue is 11.38, and the post-issue P/E is 15.47, stated as of 31 Mar 2026. A reported ratio is not a view on value.

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Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —