Technocrats Plasma Systems IPO subscribed 203.36 times on Day 3

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Last Updated: 18th August 2026 - 05:38 pm

Technocrats Plasma Systems IPO was subscribed 203.36 times by 5:03 PM on Day 3, August 18, 2026. The public issue saw strong demand across investor categories, with the Non-Institutional Investors category leading the subscription at 311.98 times. Retail Individual Investors subscribed 176.04 times, while Qualified Institutional Buyers subscribed 169.54 times.

Subscription Status of Technocrats Plasma Systems IPO

Date QIB NII Individual Total
Day 1 (August 14) 0 0.60 0.59 0.42
Day 2 (August 17) 0.89 5.75 8.44 5.71
Day 3 (August 18) 169.54 311.97 176.05 203.36

Here are the subscription details for Technocrats Plasma Systems IPO Day 3, as of 5:03 PM:

Investor Category Subscription (times) Shares Offered Shares bid for
Anchor 1 13,14,000 13,14,000
Market Maker 1 2,31,000     2,31,000
QIB 169.54     8,77,000  14,86,83,000    
NII 311.97     6,60,000    20,59,03,000      
Individual 176.05 15,38,000 27,07,58,000
Total 203.36 30,75,000    

62,53,44,000               

Key Highlights – Day 3

  • Overall subscription stood at 203.36 times on Day 3, August 18, 2026.
  • Qualified Institutional Buyers subscribed the issue 169.54 times.
  • Non-Institutional Investors led the demand with a subscription of 311.98 times.
  • Retail Individual Investors subscribed the issue 176.04 times.
  • The IPO opened for subscription on August 14, 2026, and closed on August 18, 2026.
  • The shares are proposed to be listed on the BSE SME platform, with the tentative listing date fixed as August 21, 2026

Key Highlights – Day 2

  • Overall subscription stood at 5.71 times on Day 2, August 17, 2026.
  • Qualified Institutional Buyers subscribed 0.89 times.
  • Non-Institutional Investors subscribed 5.75 times.
  • Retail Individual Investors subscribed 8.44 times.
  • Retail demand was ahead of the QIB and NII categories on Day 2.

Key Highlights – Day 1

  • Overall subscription stood at 0.35 times on Day 1, August 14, 2026.
  • Qualified Institutional Buyers subscribed 0.00 times.
  • Non-Institutional Investors subscribed 0.25 times.
  • Retail Individual Investors subscribed 0.59 times.
  • The IPO opened for subscription on August 14, 2026.

About Credent Connect Limited

Technocrats Plasma Systems Ltd. was incorporated in 1994 and is an engineering-focused company that provides plasma-based surface treatment and coating solutions for industrial applications. The company designs, develops and installs plasma systems used for surface cleaning, activation, coating and modification across manufacturing sectors.

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