- Tempsens Instruments (India) Ltd will launch its initial public offering (IPO) on August 20, with the issue size pegged at ₹650 crore.
- The equity shares are proposed to be listed on the BSE and NSE on August 28.
- The IPO comprises a fresh issue of equity shares aggregating up to ₹95 crore and an Offer-for-Sale (OFS) of up to 1.85 crore equity shares.
- Of the offer, 50 per cent is reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and 35 per cent for retail investors.
- At the upper end of the price band, the post-issue implied market capitalisation is estimated at ₹2,515 crore.
Tempsens Instruments (India) Ltd will launch its ₹650-crore initial public offering (IPO) on August 20, with the issue closing on August 24. The price band is set at ₹285-300 per equity share, and shares are expected to list on the BSE and NSE on August 28.12
The IPO includes a fresh issue of equity shares worth up to ₹95 crore and an Offer-for-Sale (OFS) 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 ₹2,515 crore.35
The proceeds from the IPO will be used for funding capital expenditure related to electrical heating solutions and specialised cable solutions, debt repayment, and general corporate purposes. The company, incorporated in 1990, specializes in thermal engineering and offers customized temperature sensing and heating solutions.
Of the total offer, 50% is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.4
“The IPO combines a fresh issue of up to ₹95 crore with an offer-for-sale of 1.85 crore shares, implying a post-issue market cap of ₹2,515 crore at the upper price band. Allocation reserves 50% for institutional buyers, 15% for non-institutional, and 35% for retail investors.”
