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₹132 - 132
Technocrats Plasma Systems Ltd
Capital Goods-Non Electrical EquipmentIPOSME
₹132 - 132
We design, manufacture, and supply plastic packaging solutions for domestic and international markets. We are an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems for metal fabrication and related industries in India. Our products are used by customers in various sectors including automotive, construction, shipbuilding, heavy engineering and general manufacturing.
Lot1,000Min Invest₹2,64,000Face Value₹10Issue Size₹61 CrFresh Issue₹61 CrListing Price₹230CMP₹361
Timeline
14 Aug
Bidding opens
18 Aug
Bidding closes
19 Aug
Allotment
20 Aug
Refund & demat credit
21 Aug
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹61 Cr0.46 Cr shares
Fresh Issue₹61 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 49.92% · NII 15.04% · RETAIL 35.04%
Application Sizes
Retail₹2,64,0001-1 lots
sNII₹2,64,000from 2 lots
bNII₹10,56,000from 8 lots
Managers & Registrar
Lead ManagerRarever Financial Advisors Private Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group86.96%64%Public13.04%36%
Objects of the Issue
- Purchase and installation of plant and machinery for manufacturing of plasma cutting machines, welding equipment and customised automation systems at the Existing Premises
- Funding towards long term working capital requirements;
- General corporate purposes
Anchor Book
Bid Date13-Aug-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 |
|---|---|---|---|
| RevenueCr | 4 | 6 | 49 |
| Operating ProfitCr | 1 | 1 | 9 |
| OPM% | 17.4 | 21.4 | 17.4 |
| PBTCr | 0 | 1 | 8 |
| PATCr | 2 | 2 | 8 |
| EPS | 10 | 14 | 52 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 |
| ReservesCr | 0 | 2 | 13 |
| BorrowingsCr | 7 | 7 | 10 |
| Total AssetsCr | 12 | 14 | 37 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Operating Cash FlowCr | -1 | 2 | -7 |
| Investing Cash FlowCr | 0 | 0 | 0 |
| Financing Cash FlowCr | 1 | -2 | 7 |
| Net Cash FlowCr | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Design and development capabilities.
- In-house manufacturing facility with integrated testing capabilities.
- Recognition from customers.
- Experienced Promoters with strong management team having domain knowledge
Strategies · as stated in the DRHP
- Expansion of product portfolio into high-end and automated solutions.
- Strengthening domestic market presence and dealer network.
- Entry into export markets.
- Enhancement of after-sales service and lifecycle support.
- Operational efficiency, capacity planning and cost optimisation.
Risks · as stated in the DRHP
- Substantial portion of the company's revenue from operations is from its top 10 customers (which accounted for 62.61%, 83.89% and 55.70% of the company's total revenue from operations for the Fiscal Year ended March 31, 2026, March 31, 2025 and March 31, 2024). Loss of any such customers or reduction in business or demand from such customers will have a significant adverse impact on the company's business and results of operation.
- The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage the company's relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.
- Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that the company procures, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company's business, cash flows, financial condition and results of operations.
- The company's revenue is significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact its business, financial condition and results of operations.
- The company's success is dependent on its relationship with the company's customers, and its does not, generally enter into long term purchase contracts. This exposes it to risk emanating from the inability to retain the company's established customers as its clients.
- If the company is unable to effectively manage or expand its sales and service network or pursue the company's growth strategy, its business prospects, financial condition, and results of operations may be adversely affected.