Technocrats Plasma Systems Ltd

Issue period

Opens On: 14 Aug 2026

Closes On: 18 Aug 2026

Price band

₹ 125 to 132 per equity share

Bid lot

1000 shares and in multiples thereof

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More about the IPO

Issue size	Rs. 60.98 Cr
Price band	Rs. 125 to 132 per equity share
Bid lot	1000 shares and in multiples thereof
Issue break-up	QIB - Rs. 28.92 Cr
	HNI - Rs. 8.71 Cr
	RET - Rs. 20.30 Cr
Registrar	Maashitla Securities Pvt. Ltd.
Listing at	NSE

Company Details

Technocrats Plasma Systems Ltd are an engineering-led manufacturer of plasma cutting machines, welding equipment and customised automation systems
for metal fabrication and related industries in India. Their products are used by customers in various sectors including automotive,
construction, shipbuilding, heavy engineering and general manufacturing.

Their product portfolio includes manual and CNC-controlled plate and pipe cutting systems for different material thicknesses and
profiles, welding equipment for MIG, TIG, ARC, SAW and laser processes, and automation solutions for cutting and welding
lines. Their activities cover understanding customer requirements, preparing system configurations, detailed engineering,
fabrication and assembly of equipment, testing, and supply of machines and systems.

In addition to supplying equipment, they provide technical consultancy on process selection and layout, site engineering support and digital and cloud-based fabrication
support services. They also support customers through installation and commissioning assistance, operator familiarisation, after
sales service and supply of spares and consumables over the life of the equipment.

Since incorporation, they have been engaged in introducing plasma cutting machines and inverter-based technology machines
manufactured in India and in implementing CNC plasma cutting and welding automation systems for metal fabrication
applications. They have developed CNC metal plate profile cutting systems and CNC metal pipe profile cutting machines for
applications involving complex shapes and joint preparations, as well as a 1000-ampere plasma power source for cutting higher
thickness metal plates. Building on these platforms, their current product development is focused on laser cutting and welding
solutions and on enhancing the automation readiness of their systems, so that customers can adopt higher levels of process control
and integration in line with their fabrication requirements.

Log in to the Mirae Asset Sharekhan appMirae Asset Sharekhan app opens in a new tab/window and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan websiteMirae Asset Sharekhan website opens in a new tab/window and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Issue period

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More about the IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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