Tempsens Instruments IPO Lists at 110% Premium; Shares Debut at ₹634 on NSE

Tempsens Instruments (India) Ltd. shares made a strong debut on the Indian stock market on Friday, 28 August 2026. The stock listed at ₹631.20 per share on the BSE, representing a premium of 110.40% over its IPO issue price of ₹300.

On the NSE, Tempsens Instruments share price opened at ₹634, translating into a listing gain of 111.3% compared with the issue price.

Following the strong opening, the stock witnessed some profit booking and gave up part of its initial gains. It traded at ₹620.35 on the BSE, remaining nearly 107% above the issue price, while the NSE price stood at ₹611.25, approximately 104% higher than the issue price.

Tempsens Instruments (India) Ltd IPO listing was broadly in line with expectations in the unofficial grey market. Tempsens Instruments’ grey market premium stood at ₹330 on Friday morning, indicating a possible listing price of around ₹630, or nearly 110% above the IPO price.

Tempsens Instruments IPO Listing Details

Tempsens Instruments launched a ₹650 crore public issue comprising a fresh issue of approximately 31.67 lakh equity shares worth ₹95 crore and an offer for sale of 1.85 crore shares worth ₹555 crore. The IPO was priced at ₹300 per equity share.

The IPO opened for subscription on Thursday, 20 August 2026, and closed on Monday, 24 August 2026. The public issue received strong investor demand and was subscribed 184 times overall. The share allotment was finalised on Tuesday, 25 August 2026.

The available listing report provides the overall subscription figure but does not specify the separate subscription levels for retail investors, qualified institutional buyers and non-institutional investors.

• Issue Price: ₹300 per share
• Fresh Issue: Approximately 31.67 lakh shares aggregating to ₹95 crore
• Offer for Sale: 1.85 crore shares aggregating to ₹555 crore
• Total Issue Size: Approximately ₹650 crore
• Overall Subscription: 184 times
• IPO Opening Date: 20 August 2026
• IPO Closing Date: 24 August 2026
• Listing Date: 28 August 2026

First-Day Trading Performance

BSE Listing Price: Tempsens Instruments share price debuted at ₹631.20 on the BSE, delivering a listing gain of ₹331.20 per share, or 110.40%, over the IPO issue price of ₹300.

NSE Listing Price: The stock opened at ₹634 on the NSE, resulting in a gain of ₹334 per share, or 111.3%, compared with the issue price.

After the strong debut, investors booked some profits. The stock traded at ₹620.35 on the BSE, which was still nearly 107% above the issue price. On the NSE, it traded at ₹611.25, maintaining a gain of around 104% over the issue price.

Despite the pullback from its listing price, Tempsens Instruments continued to trade at more than twice its IPO issue price during early trading. The debut was also close to the ₹630 listing level indicated by the company’s grey market premium before the market opened.

Growth Drivers and Challenges

Growth Drivers

Strong Revenue Expansion: The company’s revenue from operations increased from ₹274.81 crore in FY24 to ₹378.53 crore in FY25 and ₹444.88 crore in FY26. The progression indicates sustained expansion in its operating business over the reported period.

Rising Profitability: Profit attributable to owners of the parent rose from ₹41 crore in FY24 to ₹60.57 crore in FY25 and ₹67.35 crore in FY26.

Specialised Product Portfolio: Tempsens Instruments designs and manufactures customised temperature-sensing solutions, electrical heating solutions and specialised cables.

Capital Expenditure Funding: Part of the fresh-issue proceeds will be used for capital expenditure relating to the company’s electrical heating solutions and specialised cable solutions.

Strong IPO Demand: The IPO was subscribed 184 times overall, reflecting substantial investor participation during the offer period.

Challenges

Post-Listing Profit Booking: Although the shares listed at a premium of more than 110%, they surrendered part of their initial gains after investors booked profits. The BSE price eased from ₹631.20 to ₹620.35, while the NSE price declined from ₹634 to ₹611.25 during the reported trading period.

High Listing Expectations: The stock’s debut was broadly in line with the grey market indication of around ₹630. After such a large listing gain, investors may closely monitor whether the company’s future business and financial performance can support the market valuation. The valuation observation is editorial analysis rather than a recommendation.

Large Offer-for-Sale Component: Of the approximately ₹650 crore issue, ₹555 crore came through an offer for sale. These proceeds go to the selling shareholders rather than being received by the company. The fresh issue available to fund company purposes amounted to ₹95 crore.

Utilisation of IPO Proceeds

Tempsens Instruments (India) Ltd. plans to utilise the net proceeds from the fresh issue primarily towards:

• Funding capital expenditure for its electrical heating solutions business
• Funding capital expenditure for its specialised cable solutions business
• Repayment of certain outstanding borrowings
• General corporate purposes

The fresh issue comprised approximately 31.67 lakh equity shares and raised ₹95 crore. The remaining ₹555 crore portion of the IPO was an offer for sale of 1.85 crore shares.

Business and IPO Overview

Tempsens Instruments is a thermal engineering and specialised cable manufacturer. The company designs and manufactures customised temperature-sensing solutions, electrical heating solutions and specialised cables.

The company reported revenue from operations of ₹274.81 crore in FY24, ₹378.53 crore in FY25 and ₹444.88 crore in FY26. Profit attributable to owners of the parent stood at ₹41 crore, ₹60.57 crore and ₹67.35 crore, respectively, during the same three financial years.

Tempsens Instruments entered the public markets through an approximately ₹650 crore IPO priced at ₹300 per share. The issue combined a fresh issue of approximately 31.67 lakh shares worth ₹95 crore with an offer for sale of 1.85 crore shares worth ₹555 crore.

The IPO was subscribed 184 times overall after remaining open between 20 August and 24 August 2026. Shares subsequently listed on 28 August 2026 at ₹631.20 on the BSE and ₹634 on the NSE, delivering gains of 110.40% and 111.3%, respectively, over the issue price.

Following the debut, the stock witnessed profit booking but remained more than 100% above the IPO price at the levels reported during early trading.