Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |

Technocrats Plasma Systems Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on December 31, 2025 to raise funds through Initial Public Offer (IPO).
Technocrats Plasma Systems Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.46 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Rarever Financial Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Technocrats Plasma Systems IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 46,20,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 46,20,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,28,80,000 shares |
| Share Holding Post Issue | 1,75,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Dec 31, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Technocrats Plasma Systems Ltd. is an engineering-focused company engaged in providing plasma-based surface treatment and coating solutions for industrial applications.
The company designs, develops, and installs plasma systems used for surface cleaning, activation, coating, and modification across diverse manufacturing sectors.
Its services include system customization, installation, commissioning, maintenance support, and technical consulting, helping clients improve product performance, durability, and process efficiency.
Product and Service Verticals:
Competitive Strengths:
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 66.76 | 36.72 | 13.55 | 11.68 |
| 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 | 1.30 | 0.77 |
| NET Worth | 19.29 | 14.24 | 3.74 | 1.53 |
| Reserves and Surplus | 17.59 | 12.61 | 2.20 | -0.01 |
| Total Borrowing | 11.04 | 10.24 | 6.66 | 6.61 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| 2 | Funding towards long term working capital requirements | 44.07 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 90.21% |
| ROCE | 34.60% |
| Debt/Equity | 0.72 |
| RoNW | 90.21% |
| PAT Margin | 16.40% |
| EBITDA Margin | 17.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 86.96% |
Lead Manager Reports
Technocrats Plasma Systems IPO is a SME IPO of 46,20,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Technocrats Plasma Systems IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Technocrats Plasma Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Technocrats Plasma Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Technocrats Plasma Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Technocrats Plasma Systems IPO dates are not announced. Please check back again after some time.
Technocrats Plasma Systems IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Technocrats Plasma Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Technocrats Plasma Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Technocrats Plasma Systems IPO allotment status.
The Technocrats Plasma Systems IPO listing date is not yet announced. The tentative date of listing is .