Tempsens Instruments IPO Day 3: Issue subscribed 144x
Non-Institutional Investors (NIIs) led the demand at 294.08 times subscription, with the over-₹10 lakh category clocking 311.65 times
The IPO of Tempsens Instruments (India) Limited, a Udaipur-based company specializing in temperature sensing solutions, electrical heating solutions, and specialized cables, saw a remarkable subscription rate of 144.53 times on the third and final day of bidding. The issue, priced at ₹300 per share, raised ₹6,500 million, with the majority of the demand coming from Non-Institutional Investors (NIIs), who subscribed 294.08 times.
The company, which holds about 10.5% of the Indian temperature sensor market and is the sole Indian manufacturer of non-contact temperature sensors, reported a 17.5% year-on-year revenue increase in FY26, reaching ₹4,449 million, and a consolidated profit after tax (PAT) of ₹710 million. Despite being fully priced at the upper band, analysts like Anand Rathi Research valued the company at a P/E of 35.4x and an EV/EBITDA of 25.64x, recommending a "Subscribe: Long Term" approach.
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