Technocrats Plasma IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 6.35 | 49.44 | 131.41 |
| Expense | 5.55 | 41.68 | 106.47 |
| Profit (PAT) | 2.21 | 8.11 | 14.94 |
| Total Assets | 13.55 | 36.72 | 72.06 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Ador Welding Limited | 47.11 | 31.55 | 14.79 | 318.60 | 1,158.17 Cr |
| ESAB India Limited | 134.30 | 41.88 | 48.14 | 278.94 | 1,514.18 Cr |
| Patil Automation Ltd | 8.65 | 23.21 | 13.77 | 63.49 | 172.79 Cr |
| Jyoti CNC Automation Ltd | 14.78 | 58.51 | 16.79 | 88.00 | 2,153.61 Cr |
Promoters: Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta
Strengths & Risks
- Strong grey-market premium — +38% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Heavily oversubscribed — 203.4x overall (so far).
- Strong institutional (QIB) demand — 169.5x.
- Revenue grew 166% in the latest reported year.
Our metrics didn't flag a major concern for Technocrats Plasma from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Technocrats Plasma Systems offers plasma-based surface treatment and coating solutions for industrial applications. Plasma technology helps to clean, activate, coat, and modify surfaces. The firm designs, develops, and installs plasma systems used for surface cleaning, activation, coating, and modification across diverse manufacturing sectors. Its product range includes Machines with Automation, machines without automation, customisation & retrofit, and various other services including system customisation, installation, commissioning, maintenance support, and technical consulting. After receiving encouragement for developing reliable plasma cutting machines, the firm decided to expand its business into welding machines and welding systems. Technocrafts has also designed plasma gasifiers and Plasma Furnaces used for e-waste management and for advanced material processing.
| Purpose | Amount (Cr) |
|---|---|
| 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 |
| Funding towards long term working capital requirements | 44.07 |
| Purposes | - |
Resources & Documents
Technocrats Plasma Systems Ltd., Gala No. 6, 7, 8, 105, 106, 107, 108,, Nirav-2, Gaon Devi Industrial Estate,, Sativali, Vasai East, Dist., Palghar, Maharashtra, 401208
Technocrats Plasma has set a price band of Rs 125–Rs 132 per share for an issue size of Rs 61 crore. The subscription window has closed; shares are expected to list on August 21, 2026 (1 day away).
Technocrats Plasma Systems offers plasma-based surface treatment and coating solutions for industrial applications. Plasma technology helps to clean, activate, coat, and modify surfaces.
The issue is promoted by Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta with Rarever Financial Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and cus… (Rs 9 crore) and Funding towards long term working capital requirements (Rs 44 crore).
Grey market is quoting a premium of +Rs 50 (+37.9% over issue price), up Rs 24 from the previous session. Final subscription data records overall subscription at 203.39x, retail at 175.94x, QIB at 169.54x, NII at 312.32x.
On fundamentals, the company is posting revenue growth of 165.8%, a profit margin of 11.4%, return on equity of 56.1% in its most recent reported period. Listed peers in this segment include Ador Welding Limited (P/E 31.55x) and ESAB India Limited (P/E 41.88x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Allotment status can be checked on the registrar portal once published; see the allotment links below.
Technocrats Plasma IPO GMP — What It Means
The latest grey market premium for Technocrats Plasma IPO is ₹50 (+37.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Technocrats Plasma it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Technocrats Plasma GMP history and trend, or learn how grey market premium works and how reliable it is.
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