Tempsens Instruments IPO: A ₹650 Crore Issue That More Than Doubled on Listing
Tempsens Instruments IPO opens on August 20 with a ₹650 crore issue. Check the price band, allotment date, lot size, financial performance and expected listing date.
Tempsens Instruments (India) IPO: The ₹650 crore issue, a ₹95 crore fresh issue plus a ₹555 crore offer for sale, was open from 20 to 24 August 2026 at ₹285 to ₹300 per share. Allotment was finalised on 25 August, and the stock listed on the NSE at ₹634 on 28 August 2026, a 111.33% premium to the upper band.
Tempsens Instruments (India): Tempsens Instruments (India) is a leading thermal engineering and specialized cable manufacturer in India. Incorporated in 1990, the company designs and manufactures custom temperature sensors, industrial heating solutions, and engineered cables across global process industries.
The company is launching a ₹650.00 crore IPO, comprising a fresh issue of ₹95.00 crore and an Offer for Sale (OFS) of ₹555.00 crore. Here are the key details investors should know about the IPO.
Tempsens Instruments (India) IPO Details
Here are the key dates and issue details.
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Tempsens Instruments (India) IPO is worth ₹650.00 crore and consists of a fresh issue of 0.32 crore shares aggregating to ₹95.00 crore and an Offer for Sale of 1.85 crore shares aggregating to ₹555.00 crore.
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Tempsens Instruments (India) IPO opened for subscription on 20 August 2026 and closed on 24 August 2026. The price band was fixed between ₹285 and ₹300 per share.
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Allotment was finalised on 25 August 2026, and the shares listed on the BSE and NSE on 28 August 2026.
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The promoter and promoter group holding reduced from 80.51% before the IPO to 65.67% after the IPO.
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ICICI Securities Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the issue.
|
Parameter |
Detail |
|---|---|
|
IPO Open Date |
20 August 2026 |
|
IPO Close Date |
24 August 2026 |
|
Allotment Date |
25 August 2026 |
|
Listing Date |
28 August 2026 (BSE & NSE) |
|
Price Band |
₹285 - ₹300 per share |
|
Lot Size |
50 shares |
|
Minimum Investment |
₹15,000 |
|
Fresh Issue |
₹95.00 crore |
|
Offer for Sale (OFS) |
₹555.00 crore |
|
Total Issue Size |
₹650.00 crore |
Tempsens Instruments IPO Listing Performance
Grey market activity before listing had implied a premium of roughly 104%, and for once the actual debut matched and slightly beat the grey market's call.
About Tempsens Instruments (India) IPO
Tempsens Instruments (India) Limited was incorporated in 1990 and is a thermal engineering solutions provider engaged in manufacturing customized temperature sensing instruments, industrial electrical heaters, and specialized instrumentation cables. The company holds a ~10.5% market share in India's temperature sensor segment in terms of revenue.
The company operates a globally diversified distribution footprint, serving over 1,000 unique customers across project and maintenance/repair (MRO) cycles. It exports products to more than 80 countries, including Germany, Poland, UAE, and regions across the Americas and Asia-Pacific.
Strengths (from DRHP)
- India's largest manufacturer of contact temperature sensors by revenue (~10.5% domestic market share); only Indian manufacturer of non-contact sensors (pyrometers, thermal imagers) with ~21.3% share
- Strong margin profile: EBITDA margin of 24.83%, ROCE of 21.61%
- Diversified revenue mix across Projects and MRO (maintenance/repair) cycles; roughly 60% of revenue comes from multi-product customers
- Backward-integrated, globally diversified manufacturing footprint across 15 facilities (10 in Udaipur, 5 overseas) serving 3,800+ customers in 80+ export markets
Risk Factors (from DRHP)
- Working capital cycle has lengthened sharply — from 152 days (FY24) to 210 days (FY26) — with trade receivables roughly doubling
- Two manufacturing facilities running at only 41-42% capacity utilisation
- Heavy dependence on large project orders (67.55% of revenue), which are more cyclical than MRO revenue
- Manufacturing concentration — 10 of 15 facilities are in Udaipur — alongside rising borrowings (Rs 30.13 cr to Rs 77.95 cr)
Tempsens Instruments (India) IPO Reservation
For the Tempsens Instruments (India) IPO, the allocation was divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
|
Investor Category |
Shares Offered |
|---|---|
|
QIB Investors |
Not more than 50% of the offer |
|
Retail Investors |
Not less than 35% of the offer |
|
NII (HNI) Investors |
Not less than 15% of the offer |
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Tempsens Instruments (India) IPO Lot Size
Retail investors could apply for a minimum of 1 lot, comprising 50 shares, requiring an investment of ₹15,000 at the upper price band of ₹300. The maximum retail application was 13 lots.
|
Application |
Lots |
Shares |
Amount (₹) |
|---|---|---|---|
|
Retail (Min) |
1 |
50 |
15,000 |
|
Retail (Max) |
13 |
650 |
1,95,000 |
|
S-HNI (Min) |
14 |
700 |
2,10,000 |
|
S-HNI (Max) |
66 |
3,300 |
9,90,000 |
|
B-HNI (Min) |
67 |
3,350 |
10,05,000 |
Tempsens Instruments (India) IPO Financial Performance
Tempsens Instruments reported consistent financial growth over the past three fiscal years. Revenue grew 19.19% YoY to ₹455.85 crore in FY26, while profit after tax (PAT) expanded 13.60% to ₹71.06 crore with operating EBITDA margins sustained at 24.83%.
|
Period Ended |
31-Mar-26 |
31-Mar-25 |
31-Mar-24 |
|---|---|---|---|
|
Total Income (₹ Cr) |
455.85 |
382.46 |
278.04 |
|
EBITDA (₹ Cr) |
113.17 |
₹ 97.32 |
61.12 |
|
EBITDA Margin (%) |
24.83% |
25.45% |
21.98% |
|
PAT (₹ Cr) |
71.06 |
62.55 |
40.91 |
|
PAT Margin (%) |
15.59% |
16.35% |
14.71% |
|
ROCE (%) |
21.61% |
23.08% |
22.82% |
|
ROE (%) |
13.54% |
14.08% |
20.02% |
|
Net Debt/Equity |
0.15 |
0.16 |
0.15 |
Source: RHP
Conclusion
Tempsens Instruments (India) IPO was a ₹650 crore book-built issue comprising a ₹95 crore fresh issue and a ₹555 crore offer for sale. The company is India's leading temperature sensor maker with strong export exposure, operating margins above 24% and a low-leverage balance sheet (0.15 net debt to equity). It planned to use the fresh proceeds mainly to repay ₹55 crore of borrowings and invest ₹18.13 crore in its electrical heating and specialised cable divisions. The shares more than doubled on listing on 28 August 2026. At that valuation, the stock now needs sustained order growth to justify the price.
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