Now Reading: Tempsens Instruments Rs 650 crore IPO opens today
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Tempsens Instruments Rs 650 crore IPO opens today
Tempsens Instruments (India) Ltd's initial public offering for Rs 650 crore opens on Thursday, 20 August, for subscription and will close on Monday, 24 August. The price band is fixed at Rs 285-300 per share, with a lot size of 50 equity shares. Up to 50% of the net offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. The company plans to list on the BSE and NSE, with the tentative listing date set for 28 August.
The IPO comprises a fresh issue of Rs 95 crore and an offer-for-sale of up to 1.85 crore shares by existing shareholders, including promoters. The company will use Rs 18.13 crore of the proceeds for capital expenditure on electrical heating and specialised cable solutions, and Rs 55 crore for repayment of borrowings. According to the F&S Report, the company is India's largest manufacturer of contact and non-contact temperature sensors by revenue, with a 10.5% market share in the temperature sensor segment as of FY26. It is also the only Indian manufacturer of non-contact temperature sensors, with a 21.3% market share.
The company reported a 13.6% year-on-year increase in profit to Rs 71.1 crore in FY26, from Rs 62.6 crore in FY25, while revenue from operations rose 17.5% to Rs 444.9 crore. As of Wednesday, the company had allocated 64,84,999 equity shares at Rs 300 each to anchor investors, raising Rs 194.54 crore. Market observers note the grey market premium for the stock was Rs 175 ahead of the issue, indicating strong investor interest. Shares will be credited to successful allottees' demat accounts on 27 August, with listing on 28 August.
Indian Opinion Analysis
Both livemint and The Hindu Businessline report the Tempsens Instruments IPO opening on 20 August with a price band of Rs 285-300 and a total issue size of Rs 650 crore. Coverage is near-identical on structure: fresh issue of Rs 95 crore, offer-for-sale of 1.85 crore shares, anchor allocation of Rs 194.54 crore, and the same use of grey market premium figures. Livemint leads with the GMP of +175 and an implied listing premium of 58.33%, while Businessline leads with the managing director's press conference and a 'Subscribe: Long Term' rating from Anand Rathi. The only meaningful difference is livemint's greater emphasis on grey market activity, which Businessline omits entirely. Overall, the coverage is uniform straight reporting with no discernible ideological slant. Investors should watch the basis of allotment on 25 August and listing on 28 August.
Coverage: 2 sources, 2 neutral
Sources (2): livemint.com (neutral report), thehindubusinessline.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
