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.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 4 Sep, 3:34 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| 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
Key dates from opening to listing. Today is 26 September.
- Open 14 Aug 2026
- Close 18 Aug 2026
- Allotment 19 Aug 2026
- Refund/credit 20 Aug 2026
- Listing 21 Aug 2026
Technocrats Plasma Systems SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹132 |
|---|---|
| GMP-based estimate (pre-listing) | ₹202 (+53%) |
| Listing gain / loss | +₹98 per share |
| Listing date | 21 Aug, 2026 |
| Actual listing price | ₹230 (+74.24%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-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 Kostak rate explained
Two ways the grey market trades an IPO application before listing.
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
Technocrats Plasma Systems Limited was started in 1994. It is an engineering company that provides plasma based surface treatment and coating solutions for factories. It designs, develops and installs plasma systems used for surface cleaning, activation, coating and modification in different manufacturing industries.
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.
Frequently asked
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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
