Technocrats Plasma IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
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
- Heavily oversubscribed — 203.4x overall (so far).
- Strong institutional (QIB) demand — 169.5x.
- Revenue grew 166% in the latest reported year.
- Solid profit margin — 11.4%.
- Strong return on equity — 56%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
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.
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
| 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 has set a price band of Rs 125–Rs 132 per share for an issue size of Rs 61 crore. The stock listed with a 74.24% gain versus its issue price on August 21, 2026.
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).
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.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Technocrats Plasma IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
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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