How to Technocrats Plasma Systems IPO Allotment Status

Technocrats Plasma Systems Limited is an engineering and industrial equipment manufacturer specialising in cutting, welding and automation technologies. The company was incorporated in 1994, while its origins date back to 1990, when founder Arun Kumar, a former Bhabha Atomic Research Centre (BARC) scientist, started the business as a partnership firm.  

The company's product portfolio includes plasma cutting machines, welding equipment, CNC plasma and gas cutting systems, pipe and plate profiling equipment, welding automation systems and customised automation solutions. It has also expanded into newer technologies such as CNC laser cutting systems and fibre laser welding power sources.  

Technocrats Plasma Systems also develops plasma gasifiers and plasma furnaces for applications such as e-waste management and advanced material processing. Its operations are supported by in-house research and development, manufacturing and after-sales capabilities.

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Technocrats Plasma Systems IPO is a book-built SME issue of approximately ₹61 crore. The IPO comprises up to 46.20 lakh equity shares with a face value of ₹10 each and is proposed for listing on the BSE SME platform.  

The IPO opened for subscription on August 14, 2026 and closed on August 18, 2026. The price band was fixed at ₹125 to ₹132 per share, with a lot size of 1,000 shares. The tentative listing date is August 21, 2026.  

Maashitla Securities Private Limited is the registrar to the Technocrats Plasma Systems IPO, with the basis of allotment scheduled for August 19, 2026.  

Registrar: Maashitla Securities Pvt.Ltd 

BSE: BSE IPO Allotment Status Page

Technocrats Plasma Systems IPO Subscription Status 

Technocrats Plasma Systems IPO was subscribed 203.36 times on August 18, 2026, based on the final subscription data provided. The issue witnessed exceptionally strong demand across investor categories, led by Non-Institutional Investors. 

The QIB category was subscribed 169.54 times on the final day, after standing at just 0.89 times at the end of Day 2. 

The NII category recorded the strongest demand, reaching an exceptional 311.97 times subscription. 

Individual Investors subscribed 176.05 times, also indicating substantial demand from individual applicants. 

Overall subscription surged from 5.71 times on Day 2 to 203.36 times on Day 3. The final-day bidding was therefore broad-based, with substantial oversubscription across all three investor categories. 

Technocrats Plasma Systems IPO Share Price and Investment Details 

Technocrats Plasma Systems IPO price band was fixed at ₹125 to ₹132 per share, with a minimum lot size of 1,000 shares. At the upper end of the price band, one lot represents an investment of ₹1,32,000.  

The IPO has an issue size of approximately ₹61 crore and is proposed for listing on the BSE SME platform on August 21, 2026.  

The final subscription numbers indicate significant demand for the issue. NIIs subscribed 311.97 times, Individual Investors 176.05 times and QIBs 169.54 times, taking overall subscription to 203.36 times. 

Given the level of oversubscription, competition for allotment is high across investor categories. Listing performance, however, will ultimately depend on prevailing SME market conditions and investor demand when Technocrats Plasma Systems shares begin trading. 

Utilisation of IPO Proceeds 

Technocrats Plasma Systems proposes to utilise the net proceeds from the IPO towards the objects specified in its offer documents. Since the issue is intended to raise growth capital, the proceeds will support the company's business requirements as it expands its industrial cutting, welding and automation operations. 

The company's expansion strategy is aligned with its continued development of advanced technologies across CNC cutting, welding automation, laser-based systems and plasma applications. 

Business Overview 

Technocrats Plasma Systems operates in the machine tools, metal-cutting, welding equipment and industrial automation industry. Its equipment is used in metal fabrication and other engineering applications where precision cutting, welding and automated manufacturing processes are required.  

The company began by developing plasma cutting machines before expanding into plasma welding, micro-plasma welding and equipment for MMA, TIG, AC/DC TIG, MIG/MAG and submerged arc welding applications. In 1996, it introduced IGBT-based inverterised welding and cutting machines, followed by the establishment of its automation division in 2007.  

Its current portfolio extends beyond conventional cutting and welding equipment to customised automation systems, turnkey fabrication solutions, CNC laser cutting systems, fibre laser welding power sources, plasma gasifiers and plasma furnaces. The company also provides installation, commissioning and after-sales support.  

Technocrats Plasma Systems' registered and manufacturing operations are located in Vasai East, Palghar, Maharashtra. Its promoters are Arun Kumar and Vandana Sharma.  

Key strengths include its long operating history in industrial engineering, in-house R&D capabilities, diversified cutting and welding equipment portfolio, customised automation capabilities and experience in developing indigenous engineering technologies. 

Investors should also consider risks associated with industrial capital expenditure cycles, dependence on demand from manufacturing and fabrication industries, competition from domestic and international machinery manufacturers, technological obsolescence, raw-material and component costs, working-capital requirements and the need for continued investment in research and product development.