Technocrats Plasma Systems IPO subscribed 203.36 times on Day 3
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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