Tempsens Instruments (India) IPO
Listed +111.3%20–24 Aug 2026
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Our IPO analysis
What stands out in the offer document
The five questions
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1How it makes money₹45 of every ₹100 of sales comes from its "Temperature Sensing Solutions" segment. ₹81 of every ₹100 comes from India and Africa and MENA.
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2Is it growing, and is profit turning into cash?Sales rose 62% from Fiscal 2024 to Fiscal 2026 (₹275 cr → ₹445 cr). Over 3 years it made ₹175 cr of profit and brought in ₹133 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.16 for every ₹1 of its own money. The line for manufacturing is ₹2.
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4What you pay, and who gets the moneyOf every ₹100 raised, ₹85 goes to existing shareholders selling. At ₹300 you pay about ₹37 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 46% before the IPO. The document discloses 7 legal matters.
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Latest update:
Listed at ₹634 vs ₹300 issue price (+111.3%) · Day-one close ₹587 · GMP before listing +105.0% implied, 6.3 pp below the actual open · Subscribed 183.53× (QIB 302.9× · NII 314.4× · Retail 60.7×) · Price band ₹285–₹300 · Closed 24 Aug 2026 · Listed 28 Aug 2026 (Confirmed)
How it actually listed
₹634 on open, against a ₹300 issue price +111.3%
It ended its first day at ₹587 (+95.5% against the issue price), per the NSE's price archive.
On the BSE it opened at ₹631 and closed at ₹587, per the BSE's price archive.
Before it listed, the grey market implied +105.0%. The shares opened 6.3 pp above what that implied. It pointed the right way on whether they would open above the issue price. GMP is unregulated and self-reported.
What Tempsens Instruments (India) does
We are a thermal engineering and specialised cable manufacturer, engaged in the design and manufacture of customized temperature sensing solutions, electrical heating solutions and specialised cables. Our offerings are tailored to address each customer’s technical requirements.
Tempsens Instruments (India) financials
Rs crore · Annual| Fiscal 2024 | Fiscal 2025 | Fiscal 2026 | ||
|---|---|---|---|---|
| Sales | 275 | 379 | 445 | |
| Operating Profit | 61 | 97 | 113 | |
| OPM % | 22.0% | 25.4% | 24.8% | |
| Net Profit | 41 | 63 | 71 | |
| Total Debt | 30 | 72 | 78 |
Tempsens Instruments (India) IPO offer structure
Total: ₹650 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Funding certain capital expenditure of our Company towards our (i) electrical heating solutions; and (ii) specialized cable solutions: ₹18 cr
- Pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by our Company: ₹55 cr
Tempsens Instruments (India) promoters and holding
- Virendra Prakash Rathi: Chairman and Executive Director
- Vinay Rathi: Managing Director
- Pratap Singh Talesara: Non-Executive Director
Tempsens Instruments (India) risks and strengths
- Our business is more dependent on Projects/OEM business which contributed 67.55%, 69.16%, and 63.99% of our revenue from operations for Fiscals 2026, 2025, and 2024, respectively. (p.25)
- Our performance is influenced by demand trends in certain end-user industries, in particular, metal and petro chemical industries which collectively contributed 41.13%, 42.90%, and 41.52% of our revenue. (p.27)
- Significant volatility, increases, fluctuations, shortages, or delays in the supply of primary raw materials may adversely impact our business. (p.28)
2 more the company lists
- Dependence on a limited group of suppliers and absence of definitive supply agreements for raw materials may increase our exposure to supply disruptions. (p.28)
- Significant concentration of our manufacturing units at Udaipur in Rajasthan, India and operating risks at both domestic and international manufacturing units. (p.30)
- Largest Manufacturer of Contact and Non-Contact Temperature Sensors in India in Terms of Revenue and One of the Largest Manufacturers of Electrical Heaters in India (Source: F&S Report) with a Focus on Indigenisation resulting in High Entry Barriers (p.269)
- Diversified Business Model with Broad Product Portfolio, Wide Industry Coverage, and Balanced Mix of Projects and MRO Revenue (p.270)
- Established Research and Development Capabilities Enabling Customized, Critical Solutions and Innovation (p.272)
Tempsens Instruments (India) market and competition
According to the F&S Report, we are the largest manufacturer of contact and non-contact temperature sensors in India in terms of revenue as of March 31, 2026, with a market share of approximately 10.5% in the temperature sensor segment in Fiscal 2026. We are also the only Indian manufacturer of non-contact temperature sensors as of March 31, 2026, and held approximately 21.3% of the non-contact temperature sensor market share in Fiscal 2026.
Tempsens Instruments (India) outlook, as the document states it
Looking ahead, we continue to prioritize the development of solutions for emerging industries such as battery energy storage systems, decarbonization, fuel cells, green hydrogen, advanced exhaust heating for automotive emission control, defence and aerospace, metal recycling, and nuclear power. By focusing on these new-age markets, we are well positioned to meet the shifting demand landscape driven by energy transformation, sustainability, and advanced industry requirements.
Tempsens Instruments (India) IPO: common questions
When does the Tempsens Instruments (India) IPO open and close?
The Tempsens Instruments (India) IPO is open from 20 Aug 2026 to 24 Aug 2026.
What is the Tempsens Instruments (India) IPO price band?
The price band is ₹285–₹300 per share.
What is the lot size and minimum investment for the Tempsens Instruments (India) IPO?
One lot is 50 shares, and a retail application must be at least one lot. That is about ₹15,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the Tempsens Instruments (India) IPO subscribed?
As of 10 Oct 2026 the total subscription is 183.53×.
When does the Tempsens Instruments (India) IPO list?
The listing date is 28 Aug 2026.
How do I check the Tempsens Instruments (India) IPO allotment status?
On the allotment status page published by KFin Technologies, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Tempsens Instruments (India) IPO allotment status
Listed 28 Aug 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is KFin Technologies.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →