Tempsens IPO Fully Subscribed: 77% GMP Signals Strong Listing
By ThePip Desk
Tempsens Instruments’ ₹650 Cr IPO fully subscribed within an hour. Strong demand, especially from NIIs and retail investors, pushes GMP to 77%, indicating a potential significant listing gain.
Tempsens Instruments (India)’s initial public offering (IPO), valued at ₹650 crore, achieved full subscription within the first hour of bidding on Thursday.
Demand from non-institutional and retail investors drove this rapid uptake, pushing the grey market premium (GMP) to signal a potential listing gain of nearly 77%.
IPO Subscription Details
- Overall subscription reached 1.28 times against 1.52 crore shares on offer.
- Non-institutional investor (NII) portion subscribed 2.33 times.
- Retail portion subscribed 1.54 times.
- Employee quota subscribed 2.90 times.
- Qualified institutional buyer (QIB) portion saw limited interest, with only 6,300 shares bid against 43.23 lakh reserved.
The IPO, which began on Thursday, concludes on August 24. Shares are priced between ₹285-300, with a lot size of 50 shares requiring a minimum investment of ₹15,000 at the upper band.
Tempsens Instruments is slated for listing on both the NSE and BSE on August 28.
Grey Market Premium Insights
InvestorGain reported Tempsens Instruments’ grey market premium at ₹230 as of August 20. This suggests an estimated listing price of around ₹530 at the upper price band, translating to a 76.67% premium over the issue price.
IPO Structure and Fund Utilization
The IPO comprises a fresh issue of 31.67 lakh shares worth ₹95 crore and an offer for sale (OFS) of 1.85 crore shares totaling ₹555 crore.
Tempsens Instruments plans to allocate ₹18.13 crore from fresh issue proceeds for capital expenditure in its electrical heating and specialised cable businesses. Another ₹55 crore is earmarked for prepayment or repayment of outstanding borrowings, with remaining funds for general corporate purposes.
Anchor Investor Participation
Prior to the IPO, Tempsens Instruments secured ₹194.54 crore from anchor investors. They allotted 64.85 lakh shares at ₹300 each, drawing prominent institutions.
- SBI Mutual Fund
- HDFC Mutual Fund
- Nippon India
- Kotak Mahindra
- Goldman Sachs Funds
- Aditya Birla Sun Life Mutual Fund
- Motilal Oswal
- 360 ONE
- ValueQuest
- Edelweiss
Eight domestic mutual funds received 37.22 lakh shares through 14 schemes.
Company Profile and Market Position
Founded in 1990, Tempsens Instruments manufactures temperature sensors, electrical heating solutions, and specialised cables. The company provides both contact and non-contact temperature-sensing solutions.
An F&S report cited in IPO documents identifies Tempsens as India’s largest manufacturer of contact and non-contact temperature sensors by revenue as of March 31, 2026, holding an estimated 10.5% share of the temperature sensor market. It is also noted as the sole Indian manufacturer of non-contact temperature sensors, with an estimated 21.3% market share in this segment for FY26.