Technocrats Plasma Systems Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Technocrats Plasma Systems Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹132
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,32,000
Issue Size
₹60.98 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.04%
QIB Quota
49.92%
NII Quota
15.04%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Technocrats Plasma Systems Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
86.96%
Promoter Holding (Post-Issue)
64%
Issue Type
Book Building - SME
ISIN
INE19QK01022
About the Company
We design, manufacture, and supply plastic packaging solutions for domestic and international markets. We are an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication and related industries in India. Our products are used by customers in various sectors including automotive, construction, shipbuilding, heavy engineering and general manufacturing.
Industry Overview
The Machine Tools - Metal-Cutting and Welding Equipment Manufacturing Industry forms a specialized subsegment of India's Capital Goods sector, under the broader Engineered Goods domain, and is classified under Special-Purpose Machinery (NIC 28299). This industry designs, engineers, and manufactures precision equipment used in metal cutting, joining, forming, and fabrication, serving as a foundational enabler of India's industrial production, engineering exports, and infrastructure expansion. The segment encompasses a comprehensive range of systems, including CNC plasma and gas profile cutting machines, pipe and plate profiling equipment, arc and plasma welding power sources, automation-based robotic welding systems, and special-purpose machinery (SPMs). Complementary offerings such as cutting torches, welding electrodes, nozzles, and consumables ensure operational reliability, accuracy, and continuity in production. Within the Capital Goods value chain, these products contribute directly to engineering-intensive sectors such as structural steel fabrication, heavy machinery, shipbuilding, automotive components, process equipment manufacturing, and general fabrication industries. The industry's evolution is marked by increasing automation, the adoption of inverter-based digital controls, and integration of CNC and robotic technologies-driving India's transition toward intelligent and standardized manufacturing systems. The equipment is engineered for operational resilience with standing fluctuating power quality, high ambient temperatures, dust exposure, and prolonged duty cycles while adhering to domestic and international safety and quality benchmarks. This ensures consistent cutting precision, superior weld integrity, and enhanced operator safety. Catering to both high-volume fabrication and customized prototyping or maintenance operations, the segment emphasizes energy efficiency, durability, and environmental robustness. By integrating CNC plasma cutting, welding automation, and metal fabrication solutions, this industry not only fortifies India's Capital Goods manufacturing base but also enhances its global competitiveness in engineered products.
Company History
Our Company was incorporated on November 01, 1994 as `Technocrat Plasma Systems Private Limited, a private limited company un der the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra, at Mumbai. Subsequently, the name of our Company was changed to `Technocrats Plasma Systems Private Limited' pursuant to a resolution passed in the vide Extra Ordinary General Meeting held on dated June 24, 2021 and a fresh certificate of Incorporation for name change issued by the Registrar of Companies, Mumbai on September 16, 2021. Our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in their meeting held on September 22, 2025 and by our Shareholders in an Annual General Meeting held on September 25, 2025 and consequently the name of our Company was changed to `Technocrats Plasma Systems Limited' and a fresh certificate of incorporation dated October 29, 2025, consequent upon conversion to public company was issued by the Central Registration Centre on behalf of the jurisdictional Registrar of Companies. The corporate identification number of our Company is U74999MH1994PLC082603.
Growth Strategy
- Expansion of product portfolio into high-end and automated solutions.
- Strengthening domestic market presence and dealer network.
- Entry into export markets.
- Enhancement of after-sales service and lifecycle support.
- Operational efficiency, capacity planning and cost optimisation.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 46,20,000 equity shares of face value of Rs. 10/- each of Technocrats Plasma Systems Limited ("TPSL" or the "Company" or the "Issuer") for cash at a price of Rs. 132 per equity share including a share premium of Rs. 122 per equity share (the "Issue Price") aggregating to Rs. 60.98 Crores ("the Issue"), of which 2,31,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 132 per equity share including a share premium of Rs. 122 per equity share aggregating to Rs. 3.05 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 43,89,000 equity shares of face value of Rs. 10/- each at a price of Rs. 132 per equity share including a share premium of Rs. 122 per equity share aggregating to Rs. 57.93 Crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute up to 26.40% and 25.08%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Price Band: Rs. 132 per equity share of face value Rs. 10/- each. The floor price is Rs. 13.2 times of the face value of the equity shares. Bids can be made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Design and development capabilities.
- In-house manufacturing facility with integrated testing capabilities.
- Recognition from customers.
- Experienced Promoters with strong management team having domain knowledge
- Substantial portion of the company's revenue from operations is from its top 10 customers (which accounted for 62.61%, 83.89% and 55.70% of the company's total revenue from operations for the Fiscal Year ended March 31, 2026, March 31, 2025 and March 31, 2024). Loss of any such customers or reduction in business or demand from such customers will have a significant adverse impact on the company's business and results of operation.
- The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage the company's relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.
- Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that the company procures, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company's business, cash flows, financial condition and results of operations.
- The company's revenue is significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact its business, financial condition and results of operations.
- The company's success is dependent on its relationship with the company's customers, and its does not, generally enter into long term purchase contracts. This exposes it to risk emanating from the inability to retain the company's established customers as its clients.