Now Reading: Tempsens Instruments IPO closes today at Rs 300, GMP signals 104% gain
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Tempsens Instruments IPO closes today at Rs 300, GMP signals 104% gain
Tempsens Instruments IPO closes today at Rs 300, GMP signals 104% gain
The initial public offering of Tempsens Instruments (India) closes today at 5:00 PM with a price band of Rs 300 per share. The issue has been subscribed 84.79 times by 1:30 PM…
The initial public offering of Tempsens Instruments (India) closes today at 5:00 PM with a price band of Rs 300 per share. The issue has been subscribed 84.79 times by 1:30 PM on the final day, driven by strong demand from non-institutional investors, whose segment was booked 240.53 times. Retail investors bid 46.56 times the shares reserved for them, while qualified institutional buyers subscribed 34.79 times.
In the grey market, shares are trading at a premium of Rs 313, implying a potential listing gain of about 104 per cent for successful allottees. Under the T+3 listing rule, share allotment is expected on 26 August and the stock will list on the BSE and NSE on 27 August 2026. Multiple brokerages including Anand Rathi, Geojit and Canara Bank Securities have assigned a 'subscribe' rating, though the valuation at 37.3 times FY26 earnings is considered fully priced.
Indian Opinion Analysis
This is a rush to catch the final hours of a three-day bidding window, which is itself the product of Sebi’s tighter T+3 listing timeline introduced to shorten the gap between allotment and trading. The 85-times subscription means institutional and high-net-worth investors have piled in heavily, but retail interest at 46 times is also robust. The grey market premium of Rs 313 over a Rs 300 band implies a 104 percent listing gain, yet such premiums are unregulated and can vanish if sentiment shifts before listing on 27 August. The real test will be whether the company sustains its 37x P/E valuation after the initial pop, given it operates in the niche temperature-sensing instruments segment with a diversified export portfolio. Investors who missed the IPO will watch the listing-day price action closely.
Source: livemint.com
This story was synthesised by AI from the source linked above.
