IPO Update: Technocrats Plasma Surges +74.24% on BSE, Two Issues Close Today | 31 Aug 2026, 10:00 AM IST

As the trading week begins on Monday, August 31, 2026, the Indian primary market sees continued activity with two IPOs concluding their subscription period today. Investors are also reviewing recent listing performances, notably Technocrats Plasma Systems Ltd., which debuted with a substantial gain on the BSE. This update provides a comprehensive overview of the current IPO landscape.

Recent Listings

The past week saw several companies debut on the exchanges, offering a mixed bag of returns for investors. Technocrats Plasma Systems Ltd. delivered a substantial listing gain of +74.24%, translating to a per-lot gain of ₹1,96,000 for those who received allotments. Lalithaa Jewellery Mart Ltd. also performed strongly, listing at ₹265.3 against an issue price of ₹201, resulting in a +31.99% gain. Other positive listings included Gaja Alternative Asset Management Ltd., Shankesh Jewellers Ltd., Sunshine Pictures Ltd., and ENS Enterprises Ltd. On the other hand, Mopshop Distribution Ltd. and Horizon Industrial Parks Ltd. saw marginal losses on their listing day. Dhanwel Hybrid Seeds Ltd. listed at par, showing no immediate gain or loss. The listing price for Skytech Infinite Platform Ltd. is still awaited at the time of publishing.

Company	Issue Price	Listing Price	Gain/Loss (%)	Per-Lot Gain/Loss
Technocrats Plasma Systems Ltd.	₹132	₹230	+74.24%	₹1,96,000
Lalithaa Jewellery Mart Ltd.	₹201	₹265.3	+31.99%	₹4,758.2
Gaja Alternative Asset Management Ltd.	₹160	₹185.2	+15.75%	₹2,343.6
Shankesh Jewellers Ltd.	₹93	₹102.2	+9.89%	₹1,472
Sunshine Pictures Ltd.	₹360	₹394	+9.44%	₹1,394
ENS Enterprises Ltd.	₹92	₹96	+4.35%	₹9,600
Dhanwel Hybrid Seeds Ltd.	₹99	₹99	+0.00%	₹0
Mopshop Distribution Ltd.	₹138	₹137	−0.72%	−₹2,000
Horizon Industrial Parks Ltd.	₹60	₹59.65	−0.58%	−₹87.5
Skytech Infinite Platform Ltd.	₹77	Listing price awaited at time of publishing.

Open for Subscription

As of Monday, August 31, 2026, two IPOs are concluding their subscription periods. Lumino Industries Ltd. and Kwick Forensic Solutions Ltd. are both open for applications until the end of today. Lumino Industries has an issue price of ₹82 per share, requiring a minimum investment of ₹14,924 for one lot of 182 shares. Kwick Forensic Solutions, an SME IPO, has a higher minimum investment of ₹2,88,000 for its lot size of 3200 shares at ₹90 per share. Investors interested in these issues should ensure their applications are submitted before the deadline.

Company	Issue Price	Min. Investment	Subscription Window
Lumino Industries Ltd.	₹82	₹14,924	2026-08-27 → 2026-08-31
Kwick Forensic Solutions Ltd.	₹90	₹2,88,000	2026-08-27 → 2026-08-31

Upcoming IPOs

The primary market pipeline remains active with several new issues set to open for subscription this week. Four companies, Ashutosh Fibre Ltd., Phychem Technologies Ltd., Purple Style Labs Ltd., and Shanti Inorganics Ltd., are expected to launch their IPOs today, August 31. These issues offer diverse opportunities across various sectors, with minimum investments ranging from ₹14,950 for Purple Style Labs to ₹2,65,600 for Shanti Inorganics. Additionally, four other IPOs – Paluck Technologies Ltd., ESDS Software Solution Ltd., Complete Sports and Management India Ltd., and Priority Jewels Ltd. – which opened on August 28, continue to accept applications until September 1. Rays Of Belief Ltd. is slated to open tomorrow, September 1.

Company	Issue Price	Min. Investment	Expected Dates
Ashutosh Fibre Ltd.	₹92	₹2,20,800	2026-08-31 → 2026-09-02
Phychem Technologies Ltd.	₹54	₹1,08,000	2026-08-31 → 2026-09-02
Purple Style Labs Ltd.	₹575	₹14,950	2026-08-31 → 2026-09-02
Shanti Inorganics Ltd.	₹83	₹2,65,600	2026-08-31 → 2026-09-02
Paluck Technologies Ltd.	₹48	₹2,88,000	2026-08-28 → 2026-09-01
ESDS Software Solution Ltd.	₹429	₹14,586	2026-08-28 → 2026-09-01
Complete Sports and Management India Ltd.	₹135	₹2,70,000	2026-08-28 → 2026-09-01
Priority Jewels Ltd.	₹200	₹15,000	2026-08-28 → 2026-09-01
Rays Of Belief Ltd.	₹239	₹14,818	2026-09-01 → 2026-09-03

Conclusion

The Indian primary market continues to present a dynamic environment for investors, characterized by a steady flow of new listings and upcoming opportunities. With a mix of mainboard and SME issues, the market offers a diverse range of investment propositions. As always, prospective investors are encouraged to conduct thorough due diligence on each company’s fundamentals, sector outlook, and financial performance before making any investment decisions. The coming days are expected to maintain this momentum with more issues slated for launch.