Mumbai, Aug. 21 -- The scrip was listed at Rs 230, a 74.24% premium to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 241.50 and a low of Rs 218.50. About 26.79 lakh shares of the company changed hands at the counter.

Technocrats Plasma Systems' IPO was subscribed 189.22 times. The issue opened for bidding on 14 July 2026 and it closed on 18 August 2026. The price band of the IPO was fixed between Rs 125 to Rs 132 per share.

The IPO comprised 46,20,000 equity shares. The company intends to utilize the net proceeds for the purchase and installation of plant and machinery for manufacturing plasma cutting machines, welding equipment and cust...