Tempsens IPO Surges 43% in Grey Market Frenzy

Tempsens Instruments is poised for a strong debut, with its upcoming IPO commanding a significant grey market premium. Indications suggest a potential listing gain exceeding 43 percent over the upper price band of Rs 300. The IPO, valued at Rs 650 crore, will open for public subscription on August 20 and conclude on August 24.

The Rajasthan-based company aims to raise funds through a fresh issue of Rs 95 crore and an offer for sale of equity shares worth Rs 555 crore. Proceeds are allocated towards capital expenditure for electrical heating and specialized cable solutions, debt repayment, and general corporate needs.

Financials for the fiscal year ending March 2026 show a profit of Rs 67.3 crore, an increase from the previous year's Rs 60.6 crore. Revenue also saw a healthy rise of 17.5 percent, reaching Rs 444.9 crore. The company specializes in temperature sensors, heating solutions, and cables, operating 15 global manufacturing facilities.

The shares are expected to be listed on stock exchanges on August 28. This IPO is part of a busy week on the primary market, with several other companies also launching their public offerings.