Technocrats Plasma IPO
Capital Goods-Non Electrical Equipment • ₹60.98 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹132
Lot Size
1000 shares
Issue Size
₹60.98 Cr
Open
14 Aug 2026
Close
18 Aug 2026
Subscription
189×
IPO Schedule
| Issue Open Date | 14 Aug 2026 |
| Issue Close Date | 18 Aug 2026 |
| Allotment Date | 19 Aug 2026 |
| Listing Date | 20 Aug 2026 |
About Technocrats Plasma
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems used in metal fabrication and related industries. Its products are used across sectors such as automotive, construction, shipbuilding, heavy engineering, and general manufacturing. The company’s portfolio includes standalone plasma-cutting and welding machines, CNC-controlled plate and pipe-cutting systems, laser-cutting and welding systems, and automated cutting and welding solutions. It also undertakes customisation and retrofitting of machines and provides services including installation and commissioning, preventive maintenance, annual maintenance contracts (AMCs), training, technical consultancy, and supply of spares and consumables. Technocrats Plasma Systems operates two manufacturing facilities in Vasai, Maharashtra, with an aggregate built-up area of 20,000 square feet. These facilities are used for fabrication, machining, assembly, surface preparation, testing, and benchmarking of its cutting, welding, and automation equipment before dispatch.
Company Details
Founders / Promoters
Mr. Arun Kumar
Founded
1994
Registrar
Maashitla Securities Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Technocrats Plasma — IPOFins Verdict
QuantitativeDriven by QIB demand at 169.5x and elevated disclosed risk (7/10), Technocrats Plasma listed at a premium of 74.2% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- Technocrats Plasma Systems has been active in plasma cutting and welding since 1990. The company has supplied machines and systems across industries including heavy fabrication and engineering, infras
- The company claims to undertake product development, engineering, fabrication, assembly and testing in-house. Its teams handle mechanical, electrical and control design, which allows it to retain desi
- Technocrats Plasma Systems offers both standard equipment and customised automation solutions. Its portfolio covers manual and CNC-compatible plate and pipe cutting systems and MIG, TIG, ARC, SAW and
- The company claims to have an established dealer and service network across India. As of June 30, 2025, it had 17 dealers and 14 service locations across states, including Maharashtra, Delhi, Tamil Na
- Technocrats Plasma Systems has a high proportion of technical employees. Technical staff accounted for 71% of its total workforce in FY25, compared with 69% in FY24 and 68% in FY23. Its technical team
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹132
Listing Price
₹230
Listing Gain/Loss
+74.24%
Listing Date
20 Aug 2026
Price Since Listing
Returns are measured against the ₹132 issue price.
Listing
₹230
+74.2%
1 Week
₹254.85
+93.1%
Current
₹400
+203.0%
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FAQ
What is the price band of Technocrats Plasma IPO?
The price band is ₹132 per share with a lot size of 1000 shares. Minimum investment: ₹1,32,000.
What does Technocrats Plasma do?
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems used in metal fabrication and related industries. Its products are used across sectors such as automotive, construction, shipbuilding, heavy engineering, and general manufacturing. The company’s portfolio includes standalone plasma-cutting and welding machines, CNC-controlled plate and pipe-cutting systems, laser-cutting and welding systems, and automated cutting and welding solutions. It also undertakes customisation and retrofitting of machines and provides services including installation and commissioning, preventive maintenance, annual maintenance contracts (AMCs), training, technical consultancy, and supply of spares and consumables. Technocrats Plasma Systems operates two manufacturing facilities in Vasai, Maharashtra, with an aggregate built-up area of 20,000 square feet. These facilities are used for fabrication, machining, assembly, surface preparation, testing, and benchmarking of its cutting, welding, and automation equipment before dispatch.
Should I apply for Technocrats Plasma IPO?
Technocrats Plasma listed at ₹230 (+74.2% premium to the ₹132 issue price) after 188.7x subscription. IPOFins Score 8/10: Driven by QIB demand at 169.5x and elevated disclosed risk (7/10), Technocrats Plasma listed at a premium of 74.2% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Technocrats Plasma?
Technocrats Plasma was founded by Mr. Arun Kumar in 1994.