Tempsens Instruments (India) IPO

The Tempsens Instruments (India) mainboard IPO opens for subscription on 20 Aug 2026 and closes on 24 Aug 2026, offered at a price band of ₹285–300 per share, and is set to list on NSE and BSE. In total, the issue aims to mobilise ₹650 crore. Retail investors bid in lots of 50 shares, a minimum application of ₹15,000.

Issue structure

The offer combines a fresh issue of ₹95 crore with an offer for sale (OFS) of ₹555 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by the company (₹55 crore), alongside funding certain capital expenditure of the company towards the (i) electrical heating solutions (ii) specialized cable solutions (₹18.13 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Tempsens Instruments (India) reported revenue of ₹455.86 crore and a net profit of ₹71.07 crore. Revenue grew from ₹278.04 crore in FY2024 to ₹455.86 crore in FY2026 (+64.0%). Net worth stood at ₹496.89 crore at the end of FY2026. At the upper band, that puts the issue at roughly 34.1× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 35.38× post-issue earnings and 4.87× book value, against a return on net worth of 13.55% and a debt-to-equity ratio of 0.15. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>Virendra Prakash Rathi, Vinay Rathi, Pratap Singh Talesara</p>. Promoter holding stands at 80.51% before the issue and comes down to 65.67% after listing.

Grey market premium (GMP)

In the unofficial grey market, Tempsens Instruments (India) shares are quoted at a premium of ₹313 implying an expected listing around ₹613, about +104.3% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Tempsens Instruments (India) IPO was subscribed 21.69 times overall. The strongest demand came from non-institutional investors (NII) at 52.98 times, with qualified institutional buyers (QIB) at 3.31× and retail investors at 18.73×.

What to weigh

When evaluating the Tempsens Instruments (India) IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Tempsens Instruments (India)

Tempsens Instruments (India) Limited is a leading thermal engineering company specializing in temperature measurement, electrical heating systems, and specialized cable solutions. The company designs and manufactures customized products catering to a wide range of industrial applications. According to the F&S Report, Tempsens was the largest manufacturer of contact and non-contact temperature sensors in India by revenue, holding an estimated market share of around 10% in the temperature sensor segment as of March 31, 2025. Product Offerings Temperature Measurement Solutions: Thermocouples, resistance temperature detectors (RTDs), infrared pyrometers, online thermal imaging systems, and furnace monitoring cameras. Industrial Heating Solutions: Immersion heaters, process heaters, skid heaters, cartridge heaters, band heaters, tubular heaters, and flexible heaters. Specialized Cable Solutions: Low-voltage control and power cables, instrumentation cables, thermocouple and RTD cables, and nickel alloy conductors used in heating and temperature sensing applications. Key Competitive Advantages Recognized as India's leading manufacturer of contact and non-contact temperature sensors by revenue and among the country's largest electrical heater manufacturers, supported by strong indigenization capabilities. Well-diversified business model with an extensive product portfolio, broad industry reach, and a balanced contribution from project-based and MRO revenues. Robust research and development infrastructure that enables the development of innovative, customized, and mission-critical solutions. Strong international footprint supported by strategic partnerships, a diverse customer base, significant export sales, and long-term client relationships.