Technocrats Plasma IPO
ListedSMECapital Goods-Non Electrical Equipment
191.95×
Subscribed
Price band
₹132 – ₹132
Lot size
1,000
1 lot = ₹1,32,000
Issue size
₹60.98 Cr
Open – close
14 Aug 2026
to 18 Aug 2026
Listing
21 Aug 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has not been analysed yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens14 Aug 2026
- Closes18 Aug 2026
- Allotment19 Aug 2026
- Listing21 Aug 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB169.54x
Non-institutionalNII / HNI231.28x
Retail individualRII175.04x
Chance of allotment
Retail175.04× subscribed
~1 in 175
Minimum 2 lots · 2,000 shares · ₹2,64,000 blocked
Retail is 175.04× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 175 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII231.28× subscribed
~1 in 231.3
Minimum 1 lot · 1,000 shares · ₹1,32,000 blocked
HNI is 231.28× subscribed. This category is allotted proportionately, so a bid receives roughly 1/231.3 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹132 – ₹132
Face value₹10
Lot size1,000shares
Minimum application₹1,32,000at cut-off
Total issue size₹60.98 Cr
Listing atSME platform
Company & valuation
ISININE19QK01022
RegistrarMaashitla Securities Pvt Ltd
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.1%
Listed up
6 of 8
Best
+90.0%
Shanti Inorganics
Worst
-0.7%
Mopshop Distribution
Shanti Inorganicssame segment
131.8× sub+90.0%
Dhanwel Hybrid Seedssame segment
1.6× sub+0.0%
Mopshop Distributionsame segment
-0.7%
Anawil Wire and Engineeringsame segment
138.6× sub+22.1%
Fusion Klassroom Edutechsame segment
1.5× sub+6.9%
Dhaval Packagingsame segment
46.2× sub+13.4%
31.2× sub+15.6%
7.9× sub+8.9%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Technocrats Plasma
Technocrats Plasma Systems Limited is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems used in metal fabrication and related industries. Its products are used across sectors such as automotive, construction, shipbuilding, heavy engineering, and general manufacturing. The company’s portfolio includes standalone plasma-cutting and welding machines, CNC-controlled plate and pipe-cutting systems, laser-cutting and welding systems, and automated cutting and welding solutions. It also undertakes customisation and retrofitting of machines and provides services including installation and commissioning, preventive maintenance, annual maintenance contracts (AMCs), training, technical consultancy, and supply of spares and consumables. Technocrats Plasma Systems operates two manufacturing facilities in Vasai, Maharashtra, with an aggregate built-up area of 20,000 square feet. These facilities are used for fabrication, machining, assembly, surface preparation, testing, and benchmarking of its cutting, welding, and automation equipment before dispatch.
Founded 1994MD Mr. Arun KumarSector Capital Goods-Non Electrical Equipment
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Technocrats Plasma IPO subscribed?
Technocrats Plasma is subscribed 191.95× overall (QIB 169.54×, NII 231.28×, retail 175.04×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Maashitla Securities Pvt Ltd.
What is the minimum investment in the Technocrats Plasma IPO?
One lot is 1,000 shares, so a retail application at the ₹132 cut-off price blocks ₹1,32,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Technocrats Plasma IPO?
The retail portion is subscribed 175.04×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 175. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Technocrats Plasma IPO allotment date?
Allotment is scheduled for 2026-08-19, with listing on 2026-08-21. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Maashitla Securities Pvt Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.