Tempsens Instruments IPO Oversubscribed 184x

Tempsens Instruments (India) saw its Initial Public Offering (IPO) close with an overwhelming 184.07 times subscription, attracting bids for 279.44 crore shares against the 1.51 crore shares on offer.

IPO Key Metrics

• Overall subscription: 184.07 times
• Total bids received: 279.44 crore shares
• Shares originally on offer: 1.51 crore shares
• Price band: Rs 285 to Rs 300 per share
• Anchor investors raised: Rs 194.54 crore

The investor response varied across segments, demonstrating robust demand from all categories during the August 20 to August 24, 2026, offering period.

Segment-wise Subscription

• Non-institutional investors: 314.44 times
• Qualified institutional buyers: 302.88 times
• Employee portion: 124.95 times
• Retail individual investors: 60.69 times

Tempsens Instruments specializes in thermal engineering, manufacturing customized temperature sensing solutions and electrical heating solutions. They also produce specialized cables for diverse sectors like power, steel, oil and gas, and green energy.

FY26 Revenue Breakdown

• Temperature sensing solutions: 44.59%
• Specialized cables: 34.71%
• Electrical heating solutions: 20.70%

For the fiscal year ending March 31, 2026, the company reported a consolidated net profit of Rs 71.07 crore. Sales for the same period stood at Rs 444.88 crore, reflecting their market position.

IPO Fund Allocation

The IPO involved a fresh issue of equity shares worth up to Rs 95 crore and an offer for sale of up to 18,500,000 equity shares. Proceeds are earmarked for specific growth and financial objectives.

• Capital expenditure (electrical heating, specialized cables): Rs 18.134 crore
• Debt prepayment: Rs 55 crore
• General corporate purposes: Remainder