Tempsens Instruments IPO opens with ₹650-cr size and ₹285-₹300 price band
Tempsens Instruments launches its IPO on August 20, with a total deal size pegged at ₹650 crore. The issue comprises a fresh issue of ₹95 crore and an offer-for-sale of up to 1.85 crore shares, with a price band of ₹285-₹300 and a listing planned for August 28.
Key takeaways
- Tempsens Instruments kicked off its IPO on August 20, aiming for a total deal size of ₹650 crore, comprising ₹95 crore fresh issue and up to 1.85 crore shares OFS.
- The price band is ₹285-₹300 per share, with listing planned for August 28 on both BSE and NSE.
- Allocation is earmarked for QIBs, retail, and non-institutional investors, with a split of around 50/35/15 percent according to the sources.
- Proceeds are intended for capital expenditure, debt repayment, and general corporate purposes, with specific capex and debt payoff cited by sources.
What Happened
Tempsens Instruments, a thermal engineering and specialised cable manufacturer, initiated its initial public offering on August 20. The deal comprises a fresh issue of equity shares aggregating ₹95 crore and an offer-for-sale of up to 1.85 crore shares. The price band is fixed at ₹285-₹300 per equity share, and the upper-band implied market capitalization is around ₹2,515 crore. The offer is scheduled to close on August 24, with anchor investor bidding on August 19. The shares are planned to be listed on both the BSE and NSE on August 28.
The company expects to use proceeds toward capex for its electrical heating and specialised cable solutions, debt repayment, and general corporate purposes. Specific allocations noted include funds for capital expenditure and debt repayment, with additional use for general corporate purposes; external managers and registrars have been named for the issue.
Why It Matters
The IPO places Tempsens at a valuation that anchors its expansion in temperature sensing, heating solutions, and specialised cables. The listing will bring the company onto national exchanges and may influence investor access to niche industrial equipment players. Early market indicators, including gray market activity reported by some outlets, suggest strong demand pre-subscription, though the official response and long-term pricing will hinge on post-list performance and demand dynamics across institutional and retail segments.
Background
Tempsens has a history dating to 1990 and operates 15 manufacturing units globally, with 10 in Udaipur and five overseas. It reports a market share of 10.5% in its temperature sensor segment and 21.3% in non-contact temperature sensors. The company produces temperature sensing solutions, electrical heating solutions, and specialised cables for a range of industrial applications. In the year ended March 2026, Tempsens reported a net profit of ₹67.3 crore, up 11.2% from ₹60.6 crore, while revenue rose 17.5% to ₹444.9 crore from ₹378.5 crore.
Key Facts
- IPO size: Fresh issue up to ₹95 crore plus OFS of up to 1.85 crore equity shares; total around ₹650 crore.
- Price band: ₹285-₹300 per share; anchor bidding on August 19; listing on August 28.
- Offer allocation: 50% for QIBs, 35% for retail, 15% for non-institutional investors (allocation structure varies slightly across sources but falls within these bands).
- Proceeds use: capex for electrical heating and specialised cables, debt repayment, and general corporate purposes; specific split cited as capex and debt repayment with general use noted.
- Listing exchanges: BSE and NSE.
- Registrar and bankers: KFin Technologies is registrar; ICICI Securities and JM Financial are book-running lead managers.
- Operations footprint: 15 manufacturing units globally (10 in Udaipur, five overseas).
- March 2026 results: Profit ₹67.3 crore; revenue ₹444.9 crore.
- Market context: upper-band implied post-issue market cap around ₹2,515 crore at the higher price point.
- Corporate profile: thermal engineering and specialised cable manufacturer; products include temperature sensors and tailored industrial solutions.
What Happens Next
Tempsens plans to list on the domestic exchanges on August 28, subject to regulatory clearance and market conditions. The outcome of the listing will determine short-term price adjustments and investor sentiment toward niche industrial manufacturing plays in the current market environment.
Sources reviewed
Project Chintan independently synthesized and analyzed information cross-checked across the sources listed above.
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