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According to market observers, unlisted shares of Tempsens Instruments India Ltd command a GMP of Rs 313 per share, which indicates a potential listing gain of 104.33%.
Tempsens Instruments India IPO.
Tempsens Instruments India IPO Day 3: The initial public offering (IPO) of temperature sensing and heating solutions provider Tempsens Instruments Ltd is witnessing its final day of bidding today, August 24. So far, the public issue has been subscribed by strong 21.69 times. The Rs 650-crore IPO, which opened for subscription on August 20, will close today, August 24.
The company’s shares are proposed to be listed on both the BSE and the NSE on Friday, August 28.
According to NSE data, the IPO received bids for 32,93,06,750 shares against 1,51,81,668 shares on offer, translating into an overall subscription of 21.69 times on the second day of bidding.
The QIB portion was subscribed by 3.31 times, while the retail investor category was booked by a strong 18.73x. The NII category received a subscription of a whopping 52.98 times. Within the NII segment, the small NII (sNII) portion was subscribed 68.97 times, while the big NII (bNII) category was subscribed 44.99 times.
Tempsens Instruments IPO Price Band and Lot Size
Tempsens Instruments has fixed the IPO price band at Rs 285-300 per share. Investors can apply for a minimum of one lot comprising 50 shares, requiring a minimum investment of Rs 15,000 at the upper end of the price band.
The public issue consists of a fresh issue of equity shares worth Rs 95 crore and an offer for sale (OFS) of Rs 555 crore by existing shareholders, taking the total issue size to Rs 650 crore.
Tempsens Instruments India IPO GMP Today
According to market observers, unlisted shares of Tempsens Instruments India Ltd were commanding a grey market premium (GMP) of Rs 313 per share on Monday, compared with Rs 270 on Friday.
Based on the upper price band of Rs 300, the GMP indicates a potential listing price of around Rs 613 per share, which is a 104.33 per cent listing gain. However, investors should note that the grey market is unofficial and GMP keeps changing based on investor sentiments.
Tempsens Instruments IPO: Should You Apply?
Brokerage views on the Tempsens Instruments IPO are largely positive, particularly from a long-term perspective. Brokerage firm Anand Rathi noted that the company’s diversified portfolio of temperature sensing, electrical heating and specialised cable solutions caters to critical industrial applications across sectors including petrochemicals, glass, plastics, defence, energy and other process industries.
The brokerage highlighted Tempsens’ integrated manufacturing and product development capabilities, along with its growing international presence. However, it also pointed out that the IPO valuation appears fully priced at the upper end of the price band. Based on FY26 earnings, the issue is valued at an implied P/E of 35.4 times and an EV/EBITDA multiple of 25.64 times. Anand Rathi has therefore assigned a ‘Subscribe: Long Term’ rating, citing the company’s strong revenue growth, diversified product portfolio and overseas expansion.
Religare Broking also recommended subscribing to the issue from a long-term perspective. It highlighted Tempsens’ strong financial performance, with revenue rising from Rs 274.81 crore in FY24 to Rs 444.88 crore in FY26, while Ebitda increased from Rs 61.13 crore to Rs 113.17 crore and profit after tax rose from Rs 40.92 crore to Rs 71.07 crore.
The brokerage noted that the company maintained healthy profitability, with an EBITDA margin of 24.83% and a PAT margin of 15.59% in FY26. Its ROCE stood at 21.61%, while debt remained relatively low, with a debt-to-equity ratio of 0.15 times. Revenue from international markets also increased to ₹125.82 crore, reflecting the company’s expanding global footprint.
According to Religare, Tempsens’ diversified customer base, presence across multiple industries, growing exports and low leverage provide a strong foundation for future growth. Based on these factors, it has also given the IPO a ‘Subscribe – Long Term’ recommendation.
Tempsens Instruments IPO: Key Details
The IPO comprises a fresh issue of equity shares aggregating up to Rs 95 crore and an offer-for-sale of up to 1.85 crore equity shares. At the upper end of the price band, the issue size is Rs 650 crore, and the company’s post-issue market capitalisation is estimated at Rs 2,515 crore.
Tempsens Instruments (India) Ltd has garnered Rs 194.55 crore from anchor investors, including Temasek and SBI Mutual Fund.
The Udaipur-based company plans to use the proceeds for capital expenditure in electrical heating and specialised cable solutions, debt repayment, and general corporate purposes.
Incorporated in 1990, Tempsens manufactures a wide range of contact and non-contact temperature sensors and provides tailored solutions across industrial applications.
ICICI Securities and JM Financial are the book-running lead managers to the issue.
Key Questions Answered
Ask News18Brokerage views on Tempsens Instruments’ IPO are largely positive, particularly regarding its long-term prospects.
Ask News18About the Author
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
August 24, 2026, 08:23 IST
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