Incorporated in 1994, 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:
Service Verticals:
The company develop the products through in-house research and development and engineering. Their teams handle mechanical, electrical and control design for plasma cutting machines, welding equipment and automation systems, which helps them retain design knowhow within the Company and maintain confidentiality.
The company have two manufacturing facilities located at Vasai, both are situated within the Gaodevi Industrial Estate. The first unit was established at Gala No. 6,7,8 & 1st floor 106,107,108, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-I) and the second unit was added in Gala No. 105, First floor, Nirav No. 2, Gaodevi Industrial Estate, Sativali, Vasai (E) (Unit-II).
As of June 30, 2026, they had an employee base of 40 employees.
Competitive Strengths:
Technocrats Plasma Systems Ltd.’s revenue increased by 166% and profit after tax (PAT) rose by 84% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 72.06 | 36.72 | 13.55 |
| Total Income | 131.41 | 49.44 | 6.35 |
| Profit After Tax | 14.94 | 8.11 | 2.21 |
| EBITDA | 26.29 | 8.59 | 1.30 |
| NET Worth | 39.01 | 14.24 | 3.74 |
| Reserves and Surplus | 26.13 | 12.61 | 2.20 |
| Total Borrowing | 14.73 | 10.24 | 6.66 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Propshop Events & Exhibitions Ltd. | SME | ₹28.57 Cr | ₹69 | 12.32 | ₹57.15 | -17.17% | ₹65.70 |
| Safecure Services Ltd. | SME | ₹30.60 Cr | ₹102 | 11.66 | ₹77.55 | -23.97% | ₹22.00 |
| NIS Management Ltd. | SME | ₹60.01 Cr | ₹111 | 9.13 | ₹102.60 | -7.57% | ₹46.00 |
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 | 40.00 |
| 3 | General Corporate Purposes | |
| Total | 48.79 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 56.10% |
| ROCE | 48.55% |
| Debt/Equity | 0.38 |
| RoNW | 56.10% |
| PAT Margin | 11.37% |
| EBITDA Margin | 20.02% |
| NAV | 30.28 |
| Price to Book Value | 1.52 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 11.60 | 8.53 |
| P/E (x) | 11.38 | 15.47 |
| IPO Date | 14 to 18 Aug, 2026 |
| Listing Date | Fri, Aug 21, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹132 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 46,20,000 shares (agg. up to ₹61 Cr) |
| Reserved for Market Maker |
2,31,000 shares
(agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 43,89,000 shares (agg. up to ₹58 Cr) |
| Net Offered to Public | 43,89,000 shares (agg. up to ₹58 Cr) |
| Share Holding Pre Issue | 1,28,80,000 shares |
| Share Holding Post Issue | 1,75,00,000 shares |
The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.
| Share Holding Pre Issue | 96.8% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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