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 | 6.3 | 8.12 |
| P/E | 20.95 | 16.26 |
| Market cap | ₹170Cr. | ₹231.00 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 56.10% | 90.21% |
| ROCE | 48.55% | 34.60% |
| Debt/Equity | 0.38 | 0.72 |
| RoNW | 56.10% | 90.21% |
| PAT Margin | 11.37% | 16.40% |
| EBITDA Margin | 20.02% | 17.41% |
| NAV | 30.28 | 86.98 |
| Price to Book Value | 4.36 | 1.52 |
Financials
| Metric | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total income | 30.69 | 49.44 | 6.35 | 4.48 |
| Profit after tax | 3.55 | 8.11 | 2.21 | 1.51 |
| EBITDA | 4.98 | 8.59 | 1.3 | 0.77 |
| Net worth | 19.29 | 14.24 | 3.74 | 1.53 |
| Assets | 66.76 | 36.72 | 13.55 | 11.68 |
| Reserves & surplus | 17.59 | 12.61 | 2.2 | -0.01 |
| Total borrowing | 11.04 | 10.24 | 6.66 | 6.61 |
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₹44.07 Cr
- 3.General Corporate Purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Propshop Events & Exhibitions Ltd.SME | ₹69 | 12.32 | ₹57.15 | -17.17% |
| Safecure Services Ltd.SME | ₹102 | 11.66 | ₹77.55 | -23.97% |
| NIS Management Ltd.SME | ₹111 | 9.13 | ₹102.60 | -7.57% |
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 11 Aug 2026. Always verify against the RHP before applying.