IPO Listed — 21 Aug 2026
Listing Price: ₹230
Technocrats Plasma Systems SME IPO GMP History | Listing Price ₹230 & Kostak Rate
Technocrats Plasma Systems SME IPO has been listed on August 21, 2026 at a listing price of ₹230, against the issue price of ₹132 — a gain of ₹98 (+74.24%). The GMP peaked at ₹70 on 21 August 2026 and reached a low of ₹12 on 12 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Technocrats Plasma Systems SME IPO raised ₹60.98 Cr. through its IPO at a price band of ₹125 to ₹132 per share, with a lot size of 1000 shares. The IPO was open for subscription from 14 Aug 2026 to 18 Aug 2026.
Table of Contents
- Technocrats Plasma Systems SME IPO GMP Today
- Technocrats Plasma Systems SME IPO GMP Trend History
- Technocrats Plasma Systems SME IPO Dates
- Actual Listing Price
- Is Technocrats Plasma Systems SME IPO GMP Reliable?
- Kostak Rate Explained
- About Technocrats Plasma Systems SME IPO
- Frequently Asked Questions
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Aug 2026 | ₹ 70 | 53.03% | ₹ 0 | ₹ 0 | |
| 20 Aug 2026 | ₹ 70 | 53.03% | ₹ 0 | ₹ 0 | |
| 19 Aug 2026 | ₹ 41 | 31.06% | ₹ 0 | ₹ 0 | |
| 18 Aug 2026 | ₹ 43 | 32.58% | ₹ 0 | ₹ 0 | |
| 17 Aug 2026 | ₹ 30 | 22.73% | ₹ 0 | ₹ 0 | |
| 16 Aug 2026 | ₹ 32 | 24.24% | ₹ 0 | ₹ 0 | |
| 15 Aug 2026 | ₹ 32 | 24.24% | ₹ 0 | ₹ 0 | |
| 14 Aug 2026 | ₹ 30 | 22.73% | ₹ 0 | ₹ 0 | |
| 13 Aug 2026 | ₹ 22 | 16.67% | ₹ 0 | ₹ 0 | |
| 12 Aug 2026 | ₹ 12 | 9.09% | ₹ 0 | ₹ 0 | |
| 11 Aug 2026 | ₹ 29 | 21.97% | ₹ 0 | ₹ 0 |
Technocrats Plasma Systems SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 14 Aug, 2026 |
| Close Date | 18 Aug, 2026 |
| Allotment Date | 19 Aug, 2026 |
| Refund Date | 20 Aug, 2026 |
| Credit to Demat | 20 Aug, 2026 |
| Listing Date | 21 Aug, 2026 |
Technocrats Plasma Systems SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹132 |
| GMP-Based Estimate (Pre-Listing) | ₹202 (+53%) |
| Actual Listing Price | ₹230 (+74.24%) |
| Listing Gain / Loss | +₹98 per share |
| Listing Date | 21 Aug, 2026 |
Is Technocrats Plasma Systems SME IPO GMP Reliable?
Grey market premium for Technocrats Plasma Systems SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Technocrats Plasma Systems SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Technocrats Plasma Systems SME IPO IPO Kostak Rate Explained
The Kostak rate for Technocrats Plasma Systems SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Technocrats Plasma Systems SME IPO
The company makes plasma cutting machines, welding equipment and customised automation systems. Its offerings are of four types, machines without automation, machines with automation, customisation and retrofit work, and services. On the service side it does installation and commissioning, lifecycle maintenance, upgradation and retrofit support, and supply of spares.
The products are developed through in-house research and engineering. Its own teams handle the mechanical, electrical and control design, which keeps the design knowledge within the company. It has two manufacturing units, both at the Gaodevi Industrial Estate in Sativali, Vasai. As on 30 June 2026 it had 40 employees.
Strengths & Risks
Strengths
- ✓ The company has grown very fast. Total income went from Rs 6.35 crore in FY2024 to Rs 49.44 crore in FY2025 and Rs 131.41 crore in FY2026.
- ✓ Profit after tax grew from Rs 2.21 crore in FY2024 to Rs 8.11 crore in FY2025 and Rs 14.94 crore in FY2026.
- ✓ EBITDA improved sharply, from Rs 1.30 crore in FY2024 to Rs 8.59 crore in FY2025 and Rs 26.29 crore in FY2026.
- ✓ Net worth rose from Rs 3.74 crore in FY2024 to Rs 39.01 crore in FY2026.
- ✓ The company has a long history in this line of work, having been started in 1994, which is more than 30 years.
- ✓ Design is done in-house across mechanical, electrical and control engineering, so the technical knowhow stays with the company and is not bought from outside.
- ✓ Apart from selling machines it earns from customisation, retrofit, maintenance, upgrades and spares, which brings income from machines already installed.
- ✓ It serves customers across several manufacturing industries rather than depending on one sector.
Risks
- ⚠ The jump in sales is extreme and needs to be seen with caution. Total income went up about 20 times in two years, from Rs 6.35 crore in FY2024 to Rs 131.41 crore in FY2026, and a base of Rs 6.35 crore is too small to judge whether this level can continue.
- ⚠ Profit did not grow as fast as sales in FY2026. Income rose 166% but profit after tax rose only 84%, which means margin came down.
- ⚠ The company is very small in people terms, with only 40 employees handling income of Rs 131.41 crore, so the business depends on a few key technical persons.
- ⚠ Rs 40.00 crore of the Rs 60.98 crore issue goes into long term working capital, which shows that a large amount of money stays blocked in this business.
- ⚠ Borrowing rose from Rs 10.24 crore to Rs 14.73 crore in FY2026.
- ⚠ This is a capital goods business. Orders come when factories are expanding, so any slowdown in industrial capital spending will directly reduce orders.
- ⚠ Both manufacturing units are in the same industrial estate at Vasai, so there is single location risk.
- ⚠ This is an SME issue. One lot is 1,000 shares, which is Rs 1.32 lakh at the upper band of Rs 132, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Technocrats Plasma Systems SME IPO
What is the GMP of Technocrats Plasma Systems SME IPO?
The current Grey Market Premium (GMP) of Technocrats Plasma Systems SME IPO is ₹ 70.
What is the Kostak Price of Technocrats Plasma Systems SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Technocrats Plasma Systems SME IPO is currently not available.
What is the Subject to Sauda Price of Technocrats Plasma Systems SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Technocrats Plasma Systems SME IPO?
Technocrats Plasma Systems SME IPO listed on August 21, 2026 at ₹230, against the issue price of ₹132 — a gain of +74.24%.
How did the GMP of Technocrats Plasma Systems SME IPO trend before listing?
The GMP of Technocrats Plasma Systems SME IPO was stable in its final days before listing. The GMP peaked at ₹70 on 21 August 2026. View the day-wise table above for the complete GMP history.
Explore Technocrats Plasma Systems SME IPO Further
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