Technocrats Plasma Systems Ltd.
PROSPECTUS · filed 14 Aug 2026
Technocrats Plasma Systems Ltd. is a company that manufactures products and provides services related to plasma technology. The offer is structured as an offer for sale of 1,875,000 equity shares, with no fresh issue of shares. The company's revenue from operations has shown significant volatility, increasing from Rs 3 crore in Fiscal 2024 to Rs 11 crore in Fiscal 2025 and further to Rs 14 crore in Fiscal 2026. The draft prospectus highlights high risks related to customer and supplier concentration, as well as the company's dependence on external suppliers for raw materials without long-term agreements or fixed prices.
Partial analysis — some sections could not be read from the document (found: capitalisation, cover, litigation, objects, price_basis, promoters, related_party, risks).
What stands out
Risk factor. Loss of any of our top 10 customers, which accounted for 62.61%, 83.89% and 55.70% of total revenue from operations for the Fiscal Years ended March 31, 2026, March 31, 2025 and March 31, 2024 respectively, will have a significant adverse impact on our business and results of operations.
Risk factor. We are dependent on external suppliers for raw material requirements and do not have long-term supply agreements or commitments with most of our suppliers. Our top 10 suppliers contributed around 93.50%, 93.12% and 43.63% of our purchases for the Fiscal Years ended March 31, 2026, March 31, 2025 and
Risk factor. We do not have long-term contracts with any of our raw material suppliers at fixed prices, exposing us to volatility in raw material prices. Our cost of raw material consumed was 85.82%, 89.97% and 38.19% of our revenues from operations for the Fiscal Years 2026, 2025 and 2024 respectively.
How the offer is structured
- 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
Promoters, litigation & related parties
Promoter (pre)
87.0%
Risks the company discloses
Loss of any of our top 10 customers, which accounted for 62.61%, 83.89% and 55.70% of total revenue from operations for the Fiscal Years ended March 31, 2026, March 31, 2025 and March 31, 2024 respectively, will have a significant adverse impact on our business and results of operations.(Customer Concentration)
We are dependent on external suppliers for raw material requirements and do not have long-term supply agreements or commitments with most of our suppliers. Our top 10 suppliers contributed around 93.50%, 93.12% and 43.63% of our purchases for the Fiscal Years ended March 31, 2026, March 31, 2025 and March 31, 2024 respectively.(Supplier Concentration)
We do not have long-term contracts with any of our raw material suppliers at fixed prices, exposing us to volatility in raw material prices. Our cost of raw material consumed was 85.82%, 89.97% and 38.19% of our revenues from operations for the Fiscal Years 2026, 2025 and 2024 respectively.(Raw Material Price Volatility)
A substantial portion of our revenue is derived from customers located in Maharashtra and Gujarat, which accounted for 75.91%, 93.12% and 67.67% of our revenue from operations for the Fiscal Years 2026, 2025 and 2024 respectively.(Geographic Concentration)
We are exposed to fluctuations in the prices of raw materials used, which may affect our procurement of raw materials and result in corresponding increases in product costs. The increase in the selling price of finished products may not be in proportionate to the increase in raw material price.(Cost Management)
Failure to successfully leverage our relationships with existing suppliers or to identify new suppliers could adversely affect our business operations. We cannot assure that we shall be able to maintain favourable credit terms from suppliers in the future.(Supplier Relationships)
Any inability to procure sufficient quantities of raw materials, on commercially acceptable terms, may lead to a decline in our sales volumes and profit margins and adversely affect our results of operations.(Supply Chain Disruption)
Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that we procure, may adversely affect the supply and pricing of our products and, in turn, adversely affect our business, cash flows, financial condition and results of operations.(Supply Chain Disruption)
No dimension score is published for this filing. Too few sections could be read from the document to score it without guessing, and a score built on two fields would say more about our extraction than about the company.