Tempsens Instruments IPO subscription crossed 28 times on the final day of bidding, reflecting strong investor demand for the ₹650 crore public issue. Non-institutional investors led the rush, while retail participation also remained strong as the issue moved toward its August 24 closing deadline.
Tempsens Instruments IPO Sees Strong Final-Day Demand
The Tempsens Instruments IPO entered its final day on August 24, 2026, with demand accelerating across investor categories. By 10:15 am, the issue had been subscribed more than 28 times, according to data from the National Stock Exchange. Investors had placed bids for more than 43.09 crore shares against around 1.52 crore shares available in the portion being reported at that stage.
The ₹650 crore IPO opened for subscription on August 20 and is scheduled to close on August 24. The company has set a price band of ₹285 to ₹300 per share, with a lot size of 50 shares. At the upper end of the price band, a retail investor needs ₹15,000 for one lot.
The strong response puts Tempsens Instruments among the closely watched IPOs in the current Indian primary market. The final subscription figure will be available after bidding closes, while the next major event for investors will be the allotment process.
NII Category Drives Tempsens IPO Subscription
Non-institutional investors were the biggest source of demand during the final-day rush. By 10:15 am, the NII portion had been subscribed 78.20 times, according to NSE data cited by Moneycontrol. The retail portion had received bids equivalent to 21.31 times the shares reserved for the category.
The demand was not limited to one investor group. Qualified institutional buyers had also subscribed to the issue, although their participation was considerably lower than that of NIIs and retail investors at the time of the morning update.
Later data reported by The Economic Times showed that demand continued to build during the morning. At around 10:50 am, the overall subscription had reached 38 times, with the NII portion at nearly 114 times, the retail portion at 25.38 times and the QIB portion at 3.39 times.
This progression shows how quickly subscription numbers can change on the final day of an IPO, particularly when investors submit applications closer to the bidding deadline.
₹650 Crore Issue Includes Fresh Shares and OFS
Tempsens Instruments is raising ₹650 crore through a combination of a fresh issue and an offer for sale. The fresh issue is worth ₹95 crore, while shares worth ₹555 crore are being offered by existing shareholders through the OFS route.
The distinction matters because money raised through the fresh issue goes to the company, while proceeds from the offer for sale go to the selling shareholders.
According to the company’s stated objectives, around ₹73.13 crore of the net fresh issue proceeds is planned for specific purposes. This includes ₹18.13 crore for capital expenditure related to its electrical heating and specialised cable businesses. Another ₹55 crore is earmarked for prepayment or scheduled repayment of certain outstanding borrowings. The remaining funds are intended for general corporate purposes.
The planned use of proceeds gives investors a clearer picture of how the company intends to deploy the capital raised from the public market.
Tempsens Instruments Financial Performance Improves
The IPO has also attracted attention because of the company’s recent financial growth. Tempsens Instruments reported total income of ₹455.86 crore in FY26, compared with ₹382.47 crore in FY25. That represents growth of about 19% year on year.
Profit after tax increased to ₹71.07 crore in FY26 from ₹62.56 crore in FY25, a rise of about 14%. The company’s financial performance therefore shows both revenue growth and an increase in profitability during the latest reported financial year.
The company operates in thermal engineering and specialised cables, with products covering temperature sensing solutions, electrical heating systems and specialised cables. Its customer base spans multiple industrial sectors, giving the business exposure beyond a single end market.
Tempsens has also built an international presence. The company has exported products to more than 80 countries and served more than 1,000 unique customers between April 2023 and March 2026, according to information reported from the company’s offer documents.
Grey Market Premium Adds to Investor Interest
Investor attention around the Tempsens Instruments IPO has also been supported by activity in the grey market. On the morning of August 24, the reported grey market premium stood at ₹313 in one market update. Against the upper IPO price of ₹300, that implied a possible price of around ₹613 if the premium were to translate directly into the listing price.
However, the grey market premium should not be treated as an official price signal. GMP activity takes place outside the formal stock exchanges and can change quickly before listing. It does not guarantee the actual listing price or future returns.
The high GMP has nevertheless contributed to market attention around the issue, particularly alongside the strong subscription figures recorded during the final bidding day.
Tempsens IPO Allotment and Listing Dates
With the bidding period closing on August 24, investors who applied will now look toward the allotment process. The tentative schedule reported for the IPO places the basis of allotment on August 25, followed by the proposed stock market listing on August 28 on the NSE and BSE.
The heavy oversubscription means that applicants in the retail and non-institutional categories are unlikely to receive shares simply because they submitted an application. Allotment depends on the applicable allocation process and the number of valid applications received.
For investors who do receive an allotment, the listing will provide the first official market-based price for Tempsens Instruments shares. Until trading begins, grey market indications remain unofficial.
What the Strong Subscription Signals
The response to the Tempsens Instruments IPO comes at a time when investors are closely watching new listings for both short-term listing opportunities and longer-term business prospects.
The company has reported rising revenue and profit, operates in specialised industrial segments and has an international customer base. At the same time, investors still need to consider valuation, business concentration, market conditions and the distinction between IPO demand and long-term investment performance.
The subscription numbers show strong demand for the issue, but oversubscription alone does not determine whether a stock will perform well after listing. The eventual market debut on the NSE and BSE will provide a more direct indication of how investors value the company once trading begins.
Key Takeaways
- Tempsens Instruments IPO crossed 28 times subscription by 10:15 am on August 24.
- The ₹650 crore issue has a price band of ₹285 to ₹300 per share and a 50-share lot size.
- Non-institutional investors recorded the strongest demand during the final-day bidding.
- The shares are scheduled to list on the NSE and BSE on August 28, subject to the IPO timetable.
FAQs
What is the Tempsens Instruments IPO size?
The Tempsens Instruments IPO is worth ₹650 crore. It consists of a ₹95 crore fresh issue and a ₹555 crore offer for sale.
What was the Tempsens Instruments IPO subscription?
The IPO had crossed 28 times subscription by 10:15 am on August 24, according to NSE data cited by Moneycontrol. Later morning data reported by The Economic Times showed the overall subscription had reached 38 times.
What is the Tempsens Instruments IPO price band?
The price band is ₹285 to ₹300 per equity share. The lot size is 50 shares, making ₹15,000 the minimum investment at the upper price band for a retail applicant.
When will Tempsens Instruments shares list?
The IPO is scheduled to be listed on the NSE and BSE on August 28, 2026, while the basis of allotment is expected to be finalised on August 25, according to the reported IPO schedule.
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