- Tempsens Instruments more than doubled investors’ money on its stock-market debut on Friday, with the shares listing at a premium of over 111 percent to the IPO price.
- The public issue witnessed overwhelming investor demand, receiving a massive 184.07 times subscription during the bidding period from August 20 to 24.
- Shares of Tempsens Instruments were listed at ₹634 per share on the NSE, a strong premium of 111.33 percent.
- On the BSE, the shares of the company were listed at ₹631.20 per share, a premium of 110.40 percent.
- The company's market capitalization post listing of shares stood at ₹5,291.52 crore.
- The IPO was priced at ₹300 per share and comprised a fresh issue of ₹95 crore and an offer for sale (OFS) worth ₹555 crore.
- Tempsens Instruments plans to use the proceeds for capital expenditure in electrical heating and specialised cable solutions, debt repayment, and general corporate purposes.
- Tempsens Instruments is a market leader in India’s niche temperature sensing and specialised cable industry, with strong entry barriers and customised product capabilities.
Tempsens Instruments made a stunning market debut, with shares listing at a premium of 111.33% on the NSE and 110.40% on the BSE, significantly rewarding investors. The IPO, priced at ₹300 per share, raised ₹650 crore and was oversubscribed 184.07 times during its subscription period from August 20 to 24.126
The company, a leader in India's niche temperature sensing and specialized cable industry, garnered ₹194.54 crore from anchor investors prior to the IPO. The overwhelming demand was reflected in the retail segment, which was subscribed 60.69 times, while qualified institutional buyers (QIBs) and non-institutional investors (NIIs) subscribed 302.88 times and 314.44 times, respectively.8
According to Mahesh M. Ojha, Vice President at Kantilal Chhaganlal Securities, “We believe Tempsens is well positioned to benefit from India’s industrial automation, localisation and manufacturing expansion.” The company commands a 10.5% market share in the temperature sensor segment and is the only Indian manufacturer of non-contact temperature sensors, holding a 21.3% market share.
Tempsens plans to utilize the IPO proceeds for capital expenditure in electrical heating and specialized cable solutions, debt repayment, and general corporate purposes. The company’s market capitalization post-listing stood at ₹5,291.52 crore, reflecting its strong growth potential and market leadership.57
“The IPO was subscribed 184.07 times, with retail portion at 60.69 times and QIBs at 302.88 times. The company raised ₹194.54 crore from anchor investors including Temasek and SBI Mutual Fund, and plans to use proceeds for capex and debt repayment.”
/indianstartupnews/media/media_files/2026/08/26/purple-style-labs-2026-08-26-11-28-35.jpeg)
/indianstartupnews/media/agency_attachments/ura2gdmHFSrOsjLBAi1Z.png){kind=small}
