Technocrats Plasma Systems IPO
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Technocrats Plasma Systems IPO details
Schedule of Technocrats Plasma Systems
| Issue open date | 14 Aug 2026 |
| Issue close date | 18 Aug 2026 |
| UPI mandate deadline | 18 Aug 2026 (5 PM) |
| Allotment finalization | 19 Aug 2026 |
| Refund initiation | 20 Aug 2026 |
| Share credit | 20 Aug 2026 |
| Listing date | 21 Aug 2026 |
| Mandate end date | 02 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 17 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 16 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Technocrats Plasma Systems
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems for metal fabrication in India. Headquartered in Maharashtra with manufacturing facilities in Vasai East, the company designs, manufactures, supplies, installs, and commissions cutting and welding solutions. Its product portfolio comprises plasma cutting machines, CNC gas and plasma profile cutting machines, CNC pipe profile systems, fibre laser cutting machines, laser welding systems, and conventional and inverter-based welding equipment. The company also offers integrated Fibre Laser + Plasma + Oxy-Fuel cutting systems. It generates revenue primarily through the sale of manufactured machinery, spare parts, and execution of turnkey projects. Additionally, the company provides technical consultancy, layout planning, on-site commissioning, operator training, lifecycle support, and retrofit services, serving public and private enterprises across the automotive, construction, heavy engineering, oil and gas, and railway sectors.
Financials of Technocrats Plasma Systems
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 60.98 |
| Fresh Issue – Proceeds go to the company | 60.98 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase and installation of plant & machinery at existing premises | 8.79 (14.41%) |
| Long-term working capital requirements | 44.07 (72.27%) |
| General corporate purposes | 8.12 (13.32%) |
Strengths
- Over 30 years of track record in manufacturing plasma cutting and welding equipment.
- In-house design capabilities for indigenous development of CNC and laser systems.
- Wide product portfolio including CNC profile cutters, fibre lasers, and welding units.
- End-to-end service offering covering consultancy, installation, training, and retrofits.
- Strong return metrics with ROCE at 62.85% and RoNW at 124.79%
Risks
- Heavy reliance on raw material supply chains and volatile specialty steel prices.
- High capital and R&D requirements needed to keep pace with rapid technological changes.
- Risk of operational strain and quality control issues while scaling up manufacturing.
- Limited brand recognition in international markets compared to global competitors.
- Financial risk from leverage, with a Debt-to-Equity ratio standing at 1.10 times