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Sat, 03 Oct 2026
03:59:20 pm
Sat, 03 Oct 2026
03:59:20 pm
Synopsis
Tempsens Instruments IPO opens on August 20, 2026. Check the IPO price band, financial performance, business model, valuation, issue details, risks and listing date.
Tempsens Instruments (India) IPO will open for subscription on August 20 and close on August 24, 2026. The ₹650 crore mainboard IPO has a price band of ₹285 to ₹300 per share and a lot size of 50 shares, making the minimum retail investment ₹15,000 at the upper price band. The shares are proposed to list on the BSE and NSE on August 28. The IPO comprises a fresh issue of 31.67 lakh shares worth up to ₹95 crore and an offer for sale of 1.85 crore shares worth ₹555 crore. The company is engaged in thermal engineering, temperature sensing solutions, electrical heating solutions and specialised cables.
Grey market activity has turned stronger ahead of the IPO. Tempsens Instruments IPO's latest GMP is ₹185, based on the update dated August 19, 2026. At the upper price band of ₹300, this indicates an estimated listing price of ₹485 and a potential gain of 61.67% over the issue price. The GMP has moved from ₹65 on August 16 to ₹154 on August 17, ₹172 on August 18 and ₹185 on August 19. SBI Securities has recommended subscribing to the IPO, citing the company's position in thermal engineering and cable manufacturing, along with its temperature sensing, electrical heating and specialised cable businesses. The brokerage also pointed to risks linked to working capital, project and OEM business, metals and petrochemical exposure, raw material prices and manufacturing concentration.
The latest grey market premium for the Tempsens Instruments IPO is ₹185 as of August 19, 2026. Based on the upper price band of ₹300, the estimated listing price is ₹485, implying an estimated gain of 61.67%. The GMP has increased over the latest available sessions, although grey market premiums are unofficial indicators and can change before listing.
| Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit per Lot | Last Updated |
|---|---|---|---|---|---|
| 19 Aug 2026 | ₹300 | ₹185 | ₹485 (61.67%) | ₹9,250 | 19-Aug-2026 13:28 |
| 18 Aug 2026 | ₹300 | ₹172 | ₹472 (57.33%) | ₹8,600 | 18-Aug-2026 23:35 |
| 17 Aug 2026 | ₹300 | ₹154 | ₹454 (51.33%) | ₹7,700 | 17-Aug-2026 23:33 |
| 16 Aug 2026 | ₹0 | ₹65 | ₹65 | ₹0 | 16-Aug-2026 23:36 |
| 15 Aug 2026 | ₹0 | ₹85 | ₹85 | ₹0 | 15-Aug-2026 23:31 |
Estimated profit per lot is calculated using GMP multiplied by the market lot of 50 shares. GMP is sourced from grey market activity and is indicative only.
Tempsens Instruments IPO is a ₹650 crore bookbuilding issue. The price band is ₹285 to ₹300 per share and the face value is ₹4 per share. The IPO opens on August 20 and closes on August 24, with allotment expected on August 25 and listing proposed for August 28. The issue will be listed on the BSE and NSE.
| IPO metric | Details |
|---|---|
| IPO dates | August 20 to August 24, 2026 |
| Price band | ₹285 to ₹300 |
| Face value | ₹4 |
| Lot size | 50 shares |
| Total issue size | ₹650 crore |
| Fresh issue | ₹95 crore |
| Offer for sale | ₹555 crore |
| Retail minimum investment | ₹15,000 |
| Proposed listing | BSE, NSE |
| Proposed listing date | August 28, 2026 |
Tempsens Instruments (India) was incorporated in 1990 and manufactures customised temperature sensing solutions, electrical heating solutions and specialised cables. Its product portfolio includes thermocouples, resistance temperature detectors, infrared pyrometers, online thermal imagers, furnace monitoring cameras, electrical heating products and specialised cables. The company says it is the largest manufacturer of contact and non contact temperature sensors in India by revenue and one of the larger electrical heater manufacturers in India, based on the F&S Report cited in the source material. From April 2023 to March 2026, it served more than 1,000 unique customers and exported products to more than 80 countries.
Tempsens Instruments reported total income of ₹455.86 crore in FY26, compared with ₹382.47 crore in FY25 and ₹278.04 crore in FY24. Profit after tax increased to ₹71.07 crore in FY26 from ₹62.56 crore in FY25 and ₹40.92 crore in FY24. The source data shows revenue growth of 19% and PAT growth of 14% between FY25 and FY26. EBITDA increased to ₹113.17 crore from ₹97.32 crore during the same period.
| Financial metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total income | ₹278.04 crore | ₹382.47 crore | ₹455.86 crore |
| EBITDA | ₹61.13 crore | ₹97.32 crore | ₹113.17 crore |
| Profit after tax | ₹40.92 crore | ₹62.56 crore | ₹71.07 crore |
| Assets | ₹271.14 crore | ₹551.28 crore | ₹661.05 crore |
| Net worth | ₹180.61 crore | ₹430.63 crore | ₹496.89 crore |
| Total borrowing | ₹30.13 crore | ₹71.83 crore | ₹77.95 crore |
The company delivered Revenue, EBITDA and PAT CAGR of 27.2%, 35.2% and 28.2%, respectively, between FY24 and FY26, according to the source material. Its debt to equity ratio stood at 0.15 in FY26. However, working capital requirements increased, with inventory days rising from 76 in FY24 to 92 in FY26 and receivable days increasing from 61 to 70 days.
The company plans to use ₹18.13 crore from the issue for capital expenditure related to electrical heating solutions and specialised cable solutions. Another ₹55 crore is proposed to be used for prepayment or scheduled repayment of certain outstanding borrowings. The remaining proceeds are intended for general corporate purposes.
At the upper price band, the IPO has a post issue P/E of 35.38 times based on FY26 earnings, while the pre IPO P/E is 34.05 times. The post issue market capitalisation at the offer price is ₹2,514.98 crore. The company reported ROE of 13.54%, ROCE of 21.61%, PAT margin of 15.59% and EBITDA margin of 24.83% for FY26.
| Valuation and performance metric | FY26 |
|---|---|
| EPS pre IPO | ₹8.81 |
| EPS post IPO | ₹8.48 |
| P/E pre IPO | 34.05x |
| P/E post IPO | 35.38x |
| ROE | 13.54% |
| ROCE | 21.61% |
| Debt/Equity | 0.15 |
| RoNW | 13.55% |
| PAT Margin | 15.59% |
| EBITDA Margin | 24.83% |
| NAV | ₹61.66 |
| Price to Book Value | 4.87x |
The promoter and promoter group holding is expected to fall from 80.51% before the IPO to 65.67% after the issue, while public shareholding is expected to rise from 19.49% to 34.33%.
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and promoter group | 80.51% | 65.67% |
| Public | 19.49% | 34.33% |
| Total | 100% | 100% |
The offer for sale includes shares from Amit Talesara, Puneet Talesara, Chandra Prakash Talesara, Ankit Talesara and Nirmal Kumar Pande, with the total OFS valued at ₹555 crore.
The company has several factors supporting its growth, including its temperature sensing business, electrical heating solutions, specialised cables, export presence and customised products. SBI Securities also cited entry barriers created by certifications, customer qualification processes, engineering expertise and long standing customer relationships. At the same time, the business has working capital requirements, with inventory and receivable days increasing through FY26. Other risks cited in the source include dependence on project and OEM business, exposure to metals and petrochemicals, raw material price movements and manufacturing concentration.
The latest GMP points to strong grey market expectations ahead of the IPO, with the premium rising to ₹185 from ₹154 on August 17. The company's FY24 to FY26 financial performance also shows growth in income, EBITDA and PAT, while its debt to equity ratio remained at 0.15 in FY26. Investors will need to weigh this operating performance against the post issue P/E of 35.38 times and the company's working capital requirements. SBI Securities has recommended subscribing to the issue, while the source material also notes that the IPO valuation appears fully priced.
The price band for the Tempsens Instruments IPO is ₹285 to ₹300 per share.
The latest GMP provided is ₹185 as of August 19, 2026. At the upper price band of ₹300, this indicates an estimated listing price of ₹485.
At a GMP of ₹185, the estimated gain is 61.67% over the upper issue price of ₹300.
The IPO lot size is 50 shares. At a GMP of ₹185, the estimated profit per lot is ₹9,250.
The IPO will open on August 20, 2026, and close on August 24, 2026.
The minimum lot size is 50 shares, requiring ₹15,000 at the upper price band of ₹300.
The IPO allotment is expected to be finalised on August 25, 2026.
The shares are proposed to list on the BSE and NSE on August 28, 2026.
The total IPO size is ₹650 crore, comprising a fresh issue of ₹95 crore and an offer for sale of ₹555 crore.
The post IPO P/E ratio is 35.38 times based on FY26 earnings at the upper price band.
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