{
  "id": 2987917,
  "title": "Tempsens Instruments IPO Day 3: Issue subscribed 144x",
  "url": "https://urgent.news/2026/08/24/tempsens-instruments-ipo-day-3-issue-subscribed-144x",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T09:39:50.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/tempsens-instruments-ipo-day-3-issue-subscribed-144x/article71383894.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "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."
}