Technocrats Plasma Systems Ltd IPO
Capital Goods-Non Electrical Equipment
Price Band
₹125 – ₹132
Lot Size
1000
Minimum Bid Quantity
2000
Minimum Investment
₹264000
Issue Size
₹60.98Cr
Opens
2026-08-14
Closes
2026-08-18
Listing
21-08-2026
Subscription Status
Qualified Institutional Buyers
169.54 x
Non-Institutional Investor
231.28 x
Retail Individual Investor
175.04 x
Total
188.74 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE19QK01022
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems used in metal fabrication and related industries. Its products are used across sectors such as automotive, construction, shipbuilding, heavy engineering, and general manufacturing. The company’s portfolio includes standalone plasma-cutting and welding machines, CNC-controlled plate and pipe-cutting systems, laser-cutting and welding systems, and automated cutting and welding solutions. It also undertakes customisation and retrofitting of machines and provides services including installation and commissioning, preventive maintenance, annual maintenance contracts (AMCs), training, technical consultancy, and supply of spares and consumables. Technocrats Plasma Systems operates two manufacturing facilities in Vasai, Maharashtra, with an aggregate built-up area of 20,000 square feet. These facilities are used for fabrication, machining, assembly, surface preparation, testing, and benchmarking of its cutting, welding, and automation equipment before dispatch.
Pros
- • Technocrats Plasma Systems has been active in plasma cutting and welding since 1990. The company has supplied machines and systems across industries including heavy fabrication and engineering, infrastructure and construction equipment, shipbuilding, defence, nuclear energy and oil & gas.
- • The company claims to undertake product development, engineering, fabrication, assembly and testing in-house. Its teams handle mechanical, electrical and control design, which allows it to retain design know-how internally and make changes to machine configurations without being entirely dependent on external vendors.
- • Technocrats Plasma Systems offers both standard equipment and customised automation solutions. Its portfolio covers manual and CNC-compatible plate and pipe cutting systems and MIG, TIG, ARC, SAW and laser welding equipment. It can also customise table sizes, motion systems, controls and fixtures based on customer requirements.
Cons
- • The top 10 customers of the company contributed Rs 28.62 crore, Rs 41.40 crore, Rs 3.38 crore and Rs 2.75 crore, representing 93.27%, 83.89%, 55.70% and 61.68% of revenue from operations for the period ended June 30, 2025, FY25, FY24 and FY23, respectively. Loss of any major customer or reduction in orders from them could adversely affect the company’s financial performance.
- • The top 10 suppliers of the company accounted for 98.89%, 93.12%, 43.63%, and 30.45% of total purchases for the period ended June 30, 2025, FY25, FY24, and FY23, respectively. Any disruption in supplies, deterioration in supplier relationships, or changes in credit terms could affect production, costs, and profitability.
- • Raw material costs form a significant portion of the company’s revenue from operations. The cost of raw materials consumed represented 93.27%, 89.97%, 38.19%, and 30.65% of revenue from operations for the period ended June 30, 2025, FY25, FY24, and FY23, respectively. Since the company does not have long-term fixed-price contracts with raw material suppliers, an increase in prices that cannot be passed on to customers could adversely affect its margins, cash flows and profitability.
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