The ₹650-crore IPO was subscribed 62.23 times so far on Day 3, led by strong demand from non-institutional investors (NIIs). The issue received bids for 94.48 crore shares against 1.51 crore shares on offer.
The NII portion was subscribed 186.37 times, while the retail individual investor (RII) quota was subscribed 39.18 times. The qualified institutional buyer (QIB) portion was booked 9.32 times.
Tempsens Instruments GMP
In the grey market, Tempsens Instruments shares were commanding a premium of ₹318.
At the upper end of the IPO price band of ₹300, the current GMP indicates an estimated listing price of around ₹618, representing a potential premium of nearly 106% over the issue price.
However, grey market premiums are unofficial indicators and can change rapidly before listing. They reflect market sentiment and speculation and do not guarantee the actual listing price or returns.
Tempsens Instruments IPO details
Tempsens Instruments has fixed the IPO price band at ₹285-300 per share. Investors can bid for a minimum of 50 shares, requiring a minimum investment of ₹15,000 at the upper end of the price band.
The IPO comprises a fresh issue of ₹95 crore and an offer for sale (OFS) of 1.85 crore shares worth ₹555 crore by existing shareholders, including Amit Talesara, Puneet Talesara and Chandra Prakash Talesara.
Of the fresh issue proceeds, ₹18 crore will be used to fund capital expenditure for the company’s electrical heating solutions and specialised cable businesses.
Another ₹55 crore will be used for prepayment or scheduled repayment of outstanding borrowings, while the remaining proceeds will be used for general corporate purposes.
Anchor book
Ahead of the IPO opening, Tempsens Instruments raised ₹194.5 crore from anchor investors on August 19.
The company allotted 64.84 lakh equity shares to 29 anchor investors, including Aranda Investments, owned by Singapore’s Temasek Holdings, Goldman Sachs and Prashant Khemka’s Ashoka WhiteOak ICAV – Ashoka WhiteOak Emerging Markets Equity Fund.
Company overview
Tempsens Instruments (India) is an industrial engineering and instrumentation company that manufactures temperature sensing solutions, electrical heating systems and specialised cables for critical industrial applications.
Established in 1990, the company serves customers across sectors including metals and steel, petrochemicals, power, defence and nuclear, glass, plastics, automotive, pharmaceuticals and manufacturing.
Its three key business verticals – Temperature Sensing Solutions, Specialised Cables and Electrical Heating Solutions – contributed 44.6%, 34.7% and 20.7%, respectively, to FY26 revenue, excluding other operating revenue.
The company has an international presence through manufacturing facilities, subsidiaries and joint ventures across India, the UAE, Germany, Poland, Indonesia and South Korea.
Tempsens reported revenue from operations of ₹444.8 crore in FY26, compared with ₹274.8 crore in FY24. Net profit increased to ₹71 crore from ₹40.9 crore during the same period.
ICICI Securities and JM Financial are the book-running lead managers, while KFin Technologies is the registrar to the issue.
The shares are scheduled to be listed on the BSE and NSE on August 28.
