Technocrats Plasma Systems IPO: dates, price band, lot size and GMP
Technocrats Plasma Systems IPO listed on 21 Aug at ₹230 (BSE SME). Issue dates 14 – 18 Aug 2026, price band ₹132, lot 1,000 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Technocrats Plasma Systems listed on 21 Aug 2026 on BSE SME at ₹230, +₹98 (+74.2%) against the ₹132 upper band. Technocrats Plasma Systems IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Technocrats Plasma Systems IPO has a price band of ₹132, a lot of 1,000 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 14 – 18 Aug 2026 |
| Price band | ₹132 |
| Lot size | 1,000 shares |
| Issue size | ₹60.98 Cr |
| Fresh issue | ₹57.93 Cr |
| Subscription | 203.36x |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead managers | Rarever Financial Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 14 Aug
- Issue closes: 18 Aug
- Allotment: 19 Aug
- Refunds: 20 Aug
- Demat credit: 20 Aug
- Listing: 21 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 169.54x |
| NII | 311.97x |
| sNII | 186.74x |
| bNII | 374.59x |
| Retail | 176.05x |
| Total | 203.36x |
Last updated 18 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹231 Cr |
| P/E (pre-issue) | 11.38x |
| P/E (post-issue) | 15.47x |
| Fresh issue (shares) | 43,89,000 |
| Total shares offered | 43,89,000 |
| Promoter holding pre-issue | 86.96% |
| Promoter holding post-issue | 64% |
| Promoters | Arun Kumar, Vandana Sharma |
| Lead managers | Rarever Financial Advisors Pvt.Ltd. |
| Registrar phone | 011-45121795 |
| Registrar email | ipo@maashitla.com |
| Company website | technocratplasma.com |
| Anchor bid date | 13 Aug 2026 |
| Anchor lock-in ends (50%) | 18 Sep 2026 |
| Anchor lock-in ends (remaining) | 17 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,000 | ₹2,64,000 |
| Retail (maximum) | 2 | 2,000 | ₹2,64,000 |
| sNII (minimum) | 3 | 3,000 | ₹2,64,000 |
| bNII (minimum) | 3 | 3,000 | ₹10,56,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.9% | 13,14,000 | |
| QIB | 20% | 8,77,000 | Not more than 50% of the Net Issue |
| NII (HNI) | 15% | 6,60,000 | Not less than 15% of the Net Issue |
| sNII | 5% | 2,20,000 | |
| bNII | 10% | 4,40,000 | |
| Retail | 35% | 15,38,000 | Not less than 35% of the Net Issue |
| Market Maker | 5.3% | 2,31,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 14 Aug | 0.00x | 0.60x | 0.61x | 0.60x | 0.59x | 0.42x |
| Day 2 · 17 Aug | 0.89x | 5.75x | 5.76x | 5.74x | 8.44x | 5.71x |
| Day 3 · 18 Aug | 169.54x | 311.97x | 186.74x | 374.59x | 176.05x | 203.36x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹11.6 |
|---|---|
| EPS (post-issue) | ₹8.53 |
| P/E (pre-issue) | 11.38x |
| P/E (post-issue) | 15.47x |
| RoNW | 56.1% |
| RoCE | 48.55% |
| RoE | 56.1% |
| PAT margin | 11.37% |
| EBITDA margin | 20.02% |
| Price / book | 1.52x |
| NAV per share | ₹30.28 |
| Debt / equity | 0.38 |
| Market cap (upper band) | ₹231 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 72.06 | 36.72 | 13.55 | +96.2% |
| Total Income | 131.41 | 49.44 | 6.35 | +165.8% |
| Profit After Tax | 14.94 | 8.11 | 2.21 | +84.2% |
| EBITDA | 26.29 | 8.59 | 1.3 | +206.1% |
| NET Worth | 39.01 | 14.24 | 3.74 | +173.9% |
| Reserves and Surplus | 26.13 | 12.61 | 2.2 | +107.2% |
| Total Borrowing | 14.73 | 10.24 | 6.66 | +43.8% |
About Technocrats Plasma Systems
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
Objects of the issue
- Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises — ₹8.79 Cr
- Funding towards long-term working capital requirements — ₹40 Cr
- General Corporate Purposes
Net proceeds: ₹48.79 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Technocrats Plasma Systems Ltd. (issuer) | 11.63 | 11.63 | 30.28 | — | 56.1% | — | — |
| Ador Welding Ltd | 47.11 | 47.06 | 318.6 | 31.55x | 14.79% | 4.67 | — |
| Esab India Ltd | 134.3 | 134.3 | 278.94 | 41.88x | 48.14% | 20.23 | — |
| Patil Automation Limited | 8.65 | 8.65 | 63.49 | 23.21x | 13.77% | 3.17 | — |
| Jyoti Cnc Automation Ltd | 14.78 | 14.78 | 88 | 58.51x | 16.79% | 9.83 | — |
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.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Technocrats Plasma Systems IPO open and close?
The issue is scheduled for 14 – 18 Aug 2026.
What is the Technocrats Plasma Systems IPO price band?
The price band is ₹132 per share with a lot size of 1,000 shares.
How big is the Technocrats Plasma Systems IPO?
The total issue size is ₹60.98 Cr.
When will Technocrats Plasma Systems list?
The tentative listing date is 21 Aug on the SME platform.
How do I apply for the Technocrats Plasma Systems IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Technocrats Plasma Systems · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), Technocrats Plasma Systems · as filed · bseindia.com
- Registrar allotment page, Maashitla Securities Pvt.Ltd. · allotment 19 Aug · maashitla.com
- BSE SME issues page · listing 21 Aug · bsesme.com
- Technocrats Plasma Systems company website · technocratplasma.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 21 Aug, 04:06 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Technocrats Plasma Systems IPO”, https://buyunlistedshares.com/ipo/technocrats-plasma-systems-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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- The risks of buying unlisted and pre-IPO shares in India
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