Tempsens Instruments IPO price band set at Rs 285-Rs 300

Tempsens Instruments Limited has set the price band for its initial public offering at Rs 285 to Rs 300 per share, with a face value of Rs 4. The subscription opens on August 20 and closes on August 24, while anchor investor allocation is scheduled for August 19. Shares are tentatively set to list on the BSE and NSE on August 28.

The IPO aims to raise Rs 95 crore through a fresh issue, along with an offer for sale of 1.85 crore equity shares by existing shareholders, including promoters. Proceeds from the fresh issue will be used for capital expenditure of Rs 18.1 crore for its electrical heating and specialised cable solutions businesses, and Rs 55 crore to repay borrowings against total consolidated debt of Rs 108.3 crore as of July 2026, according to livemint.com.

Tempsens Instruments claims to be India's largest manufacturer of temperature sensors by revenue, with a 10.5% market share. For FY26, profit rose 13.6% to Rs 71.1 crore, while revenue increased 17.5% to Rs 444.9 crore. The company has no directly comparable listed peer in India, livemint.com reports. ICICI Securities and JM Financial are the merchant bankers.