{
  "id": 2974315,
  "title": "105% GMP! Tempsens IPO sparks a rare frenzy",
  "url": "https://urgent.news/2026/08/24/105-gmp-tempsens-ipo-sparks-a-rare-frenzy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T03:56:15.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/tempsens-instruments-ipo-day-3-gmp-at-105-subscription-hits-21-66x-should-you-subscribe/articleshow/133450663.cms"
  },
  "original_language": "en",
  "account": "On the final day of its IPO, Tempsens Instruments saw a surge in investor interest, commanding a grey market premium (GMP) of 105%. This premium suggests a strong expectation of gains upon listing. The firm, which manufactures thermal engineering products and specialized cables, is aiming to raise Rs 650 crore. So far, the IPO has been subscribed 38 times, with NIIs leading the demand with 113 quota bookings. Tempsens plans to issue 32 lakh shares worth Rs 95 crore through the fresh issue and an OFS of 1.85 crore shares valued at Rs 555 crore. The IPO's price band is set between Rs 285 and Rs 300 per share, with retail investors needing to invest a minimum of Rs 15,000 per lot. The shares are slated to list on both NSE and BSE on August 28, 2026, upon closure of the IPO on August 24. Tempsens Instruments has received Rs 194.54 crore from 29 anchor investors and is valued at a P/E multiple of 35.4x and an EV/EBITDA multiple of 25.64x by AnandRathi.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}