Tempsens Instruments sets IPO price band at Rs 285-300

Tempsens Instruments (India) Ltd will launch its initial public offering on August 20, with the issue size pegged at Rs 650 crore. The price band is fixed at Rs 285-300 per share, and the issue will close on August 24. Bidding by anchor investors is scheduled for August 19, according to the company's public announcement. The Livemint report puts the fresh issue component at Rs 95 crore, while The Hindu Business Line confirms that the offer includes a fresh issue of 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 post-issue implied market capitalisation is estimated at Rs 2,515 crore. The company will use part of the proceeds for capital expenditure on electrical heating and specialised cable solutions, and Rs 55 crore to repay borrowings. Promoters hold an 80.51% stake. For FY26, the company posted a 13.6% rise in profit to Rs 71.1 crore and a 17.5% increase in revenue to Rs 444.9 crore.

The IPO has reserved 50% of shares for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. ICICI Securities and JM Financial are the book-running lead managers. Shares are tentatively set to list on the BSE and NSE on August 28, with allotment finalised on August 25.