Now Reading: Tempsens Instruments IPO booked 21.66 times on day 2
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Tempsens Instruments IPO booked 21.66 times on day 2
The initial public offering of Tempsens Instruments has been subscribed 21.66 times by the end of day 2, with the retail portion booked 18.67 times and the non-institutional investor segment 52.98 times.…
The initial public offering of Tempsens Instruments has been subscribed 21.66 times by the end of day 2, with the retail portion booked 18.67 times and the non-institutional investor segment 52.98 times. The Rs 650 crore IPO, which opened on August 20, will close on August 24.
Livemint reports that shares are commanding a grey market premium of Rs 330, signalling a potential listing gain of about 104% over the upper price band of Rs 300. The company plans to raise Rs 555 crore through an offer for sale and Rs 95 crore via fresh shares.
Multiple brokerages including Anand Rathi and KC Securities have assigned a 'subscribe' rating, citing strong revenue growth and niche market position. The allotment is likely on August 25, with listing on NSE and BSE expected on August 28.
Indian Opinion Analysis
Livemint's two reports on the same IPO are nearly identical, both following a neutral-report stance with no critical or pro-government framing. They lead with subscription numbers and grey market premium, and list analyst recommendations without endorsing them. The coverage is standard wire-style reporting of IPO details. A careful reader should note that grey market premiums are unregulated and not a guarantee of listing performance, and that the IPO is fully priced according to the brokerages cited. Watch for the allotment on August 25 and the listing day on August 28.
Coverage: 2 sources, 2 neutral
Sources (2): livemint.com (neutral report), livemint.com (2) (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
