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Home/Business/Companies/Tempsens Instruments IPO: 73% Listing Ga…

Tempsens Instruments IPO: 73% Listing Gain Expected by Aug 28

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By IPO Desk•
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Wide shot of a clean, modern factory floor with automated machinery producing yellow and blue industrial cables.

Automated machinery manufactures specialized industrial cable in an Indian facility.

Key Highlights

Tempsens Instruments IPO, closing Aug 24, forecasts a significant 73.33% listing pop. Grey Market Premium (GMP) indicates strong investor demand.

The Tempsens Instruments , which opened August 20 and closes August 24, anticipates a 73.33% listing premium. This projection comes from its current (GMP) of +220.

Key IPO Figures

  • IPO : ₹285-₹300 per equity share
  • Estimated Listing Price: ₹520 per share
  • Size: ₹95 crore
  • : 1.85 crore equity shares

This estimated listing price of ₹520 per share reflects the 73.33% premium over the upper IPO price. The GMP itself has fluctuated between ₹65 and +220 over the past six sessions.

Brokerage Outlook & Concerns

Brokerage firms generally hold a positive, though valuation-conscious, outlook on the Tempsens Instruments IPO. They highlight several company strengths.

  • Strengths Noted:
  • Specialized market position and high entry barriers
  • Advanced technical capabilities and healthy profit margins
  • Alignment with India’s industrial automation and manufacturing growth
  • Identified Risks:
  • Premium valuation
  • High working-capital intensity
  • Concentration of customers and sectors
  • Manufacturing operations primarily in Udaipur

Despite identified risks, Kantilal Chhaganlal Securities and Swastika Investmart recommend subscribing. They see potential for both listing gains and long-term holding.

IPO Proceeds & Allocation

The IPO aims to raise ₹95 crore via a fresh issue of shares, complementing an Offer for Sale (OFS) of 1.85 crore equity shares. Proceeds from the fresh issue have specific allocations:

  • ₹18.1 crore for capital expenditure in electrical heating and specialized cable solutions
  • ₹55 crore designated to repay existing borrowings

ICICI Securities and JM Financial are the merchant bankers for the issue, with Kfin Technologies serving as the registrar. Share allocation sets a maximum of 50% for (QIB), a minimum of 15% for Non-Institutional Investors (), and at least 35% for Investors.

Upcoming Timeline

  • : Tentatively August 25
  • Refunds Initiated: August 27
  • Shares Credited to Demat: August 27
  • Listing on and : August 28
BSEICICI SecuritiesIndiaIPOJM FinancialKFin TechnologiesNSETempsens Instruments