TECHNOCRATS PLASMA SYSTEMS IPO

TECHNOCRATS PLASMA SYSTEMS LIMITED is a listed issue, offered in a price band of ₹125 to ₹132 per share, in lots of 2000 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹125 – ₹132

Lot size

2000 shares

Minimum investment

₹2,64,000

Issue size

₹60.98 Cr

Fresh issue

₹60.98 Cr

Offer for sale

—

Opens

14 Aug 2026

Closes

18 Aug 2026

Listing date

21 Aug 2026

Registrar

Maashitla Securities Private Limited

Symbol

TECHNOCRAT

One lot of 2000 shares at the upper band price of ₹132 is ₹2,64,000 — the smallest retail application this issue accepts.

Lead managers: Rarever Financial Advisors Private Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 18 Aug 2026, 05:50 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹32

Implied over upper band

24.20%

As of

17 Aug 2026, 09:05 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company has over three decades of experience since 1994, serving institutional clients across government, PSUs, and private sectors, fostering deep industry insight and enduring client trust.
• Indigenous design and technological innovation with in-house R&D supporting CNC plasma cutters, automated welding, energy-efficient systems, and digital integration.
• Comprehensive and customizable product portfolio including plasma cutting machines, welding equipment, and automation-ready systems adaptable with CNC integration and special modifications.
• Robust service network with nationwide technician deployment, preventive maintenance, spare parts availability, remote diagnostics, and predictive maintenance ensuring operational reliability and customer satisfaction.
• Cost-efficient, scalable operations with strategic alliances and certifications, enabling vertically integrated manufacturing and strong vendor/global partnerships for scalable, cost-effective operations.
• Government initiatives like Make in India, PLI, and export promotion schemes provide cost advantages and facilitate capacity expansion.
• Developing energy-efficient, low-emission equipment aligns with increasing ESG mandates and customer preferences.

Risk factors disclosed in the offer document

• Substantial portion of revenue from top 10 customers makes the company vulnerable to loss of customers or reduction in business.
• Dependence on few suppliers for material requirements and lack of definitive agreements expose the company to risks.
• Any disruptions to supply or increases in pricing of raw materials and finished products may adversely affect business, cash flows, financial condition, and results of operations.
• Revenues are significantly dependent on certain geographical regions, and adverse developments in these regions could adversely impact business, financial condition, and results of operations.
• The company requires certain approvals, licenses and permits for its operations, and failure to obtain or renew them in a timely manner may adversely affect business.
• Manufacturing operations are concentrated in Maharashtra, exposing the company to regional and local risks.
• Exposure to technological obsolescence in a rapidly evolving manufacturing and fabrication landscape could materially and adversely impact competitive positioning, revenue growth, and long-term sustainability.
• The company faces intense competition from international players with larger R&D budgets, which may adversely affect market share, pricing, and growth prospects.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (Maashitla Securities Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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