TECHNOCRATS PLASMA SYSTEMS LIMITED
SMEBSE
Issue details
Price band
₹125 - ₹132
Lot size
1,000 shares
Issue size
₹61 Cr
Min. investment
₹1,32,000
Registrar
Maashitla Securities
Grey market premium
Est. gain+₹70 · 53%
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IPO Timeline
Open
14 Aug
Close
18 Aug
Allotment
19 Aug
Listing
21 Aug
- Refunds & demat credit
- 20 Aug 2026
- Mandate end
- 2 Sep 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,000shares 1 lot · ₹1,32,000 | 1,000shares 1 lot · ₹1,32,000 |
| HNI | 2,000shares 2 lots · ₹2,64,000 | No limit funds permitting |
Based on the upper price band of ₹132 and a lot of 1,000 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹58 Cr
43,89,000 shares
Shares pre-issue
1,28,80,000
Shares post-issue
1,75,00,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 11.6 | 8.53 |
| P/E | 11.38 | 15.47 |
| Market cap | ₹170.02 Cr. | ₹422.63 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 56.10% |
| ROCE | 48.55% |
| Debt/Equity | 0.38 |
| RoNW | 56.10% |
| PAT Margin | 11.37% |
| EBITDA Margin | 20.02% |
| NAV | 30.28 |
| Price to Book Value | 1.52 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 131.41 | 49.44 | 6.35 |
| Profit after tax | 14.94 | 8.11 | 2.21 |
| EBITDA | 26.29 | 8.59 | 1.3 |
| Net worth | 39.01 | 14.24 | 3.74 |
| Assets | 72.06 | 36.72 | 13.55 |
| Reserves & surplus | 26.13 | 12.61 | 2.2 |
| Total borrowing | 14.73 | 10.24 | 6.66 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.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
- 2.Funding towards long-term working capital requirements₹40 Cr
- 3.General Corporate Purposes₹5.5 Cr
- 4.Issue Expenses₹6.7 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Liotech Industries Ltd.SME | ₹321 | 23.13 | ₹244.15 | -23.94% |
| Narmadesh Brass Industries Ltd.SME | ₹515 | 19.63 | ₹470.25 | -8.69% |
| Abril Paper Tech Ltd.SME | ₹61 | 24.96 | ₹49.38 | -19.05% |
| Classic Electrodes (India) Ltd.SME | ₹87 | 9.33 | ₹95.00 | +9.20% |
| ARC Insulation & Insulators Ltd.SME | ₹125 | 10.58 | ₹137.75 | +10.20% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.