Technocrats Plasma Systems’ IPO shares begin trading on the BSE at Rs 230, opening about 74% above the issue price, according to NDTV. The listing marks the start of market trading for the company following its public offering.
The reported IPO proceeds are used for business expansion at the company’s existing premises. NDTV states that Rs 8.79 crore from the fresh issue is earmarked to purchase and install plant and machinery used for manufacturing plasma cutting machines, welding equipment and customised automation systems. Other details about the offer size, subscription levels, and listing-day trading range are not included in the provided source text, so they are not reflected here.
Across the given sources, the focus is consistent: the opening share price on the BSE and the allocation of IPO funds toward manufacturing equipment at existing facilities.
