Tempsens Instruments IPO Day 1: Subscription status, review — here's what you need to know
Tempsens Instruments IPO opened on August 20, 2026, closing Day 1 with a 2.43x overall subscription. NII (bHNI) led with 8.29x, followed by Retail at 2.94x and sHNI at 4.41x. QIB interest remained low at 0.02x. The company, a leader in temperature sensors, reported FY 2026 revenue of ₹444.88 crores and PAT of ₹71.07 crores. The issue size is ₹15,000 - ₹500,000 with a price band of ₹285 - ₹300.
*this image is generated using AI for illustrative purposes only.
Tempsens Instruments IPO opened for subscription today, August 20, 2026, registering an overall subscription of 2.43x by the end of the first day. The issue picked up pace significantly in the latter half of the day, ticking up from 1.50x in the morning to 2.43x by close. Non-Institutional Buyers (bHNI) led the charge, jumping 62.5% intra-day to reach 8.29x, while Retail investors also showed strong interest, rising 60.7% to 2.94x. Qualified Institutional Buyers (QIBs) remained muted, doubling their morning figure but staying low at 0.02x.
Subscription Status
The IPO is currently open from August 20 to August 24, 2026. Here is the updated Day 1 subscription breakdown:
| Category | Subscription Multiple |
|---|---|
| QIB | 0.02x |
| NII (bHNI) | 8.29x |
| NII (sHNI) | 4.41x |
| Retail | 2.94x |
| Total | 2.43x |
Intra-day Timeline (August 20, 2026)
Subscription activity accelerated sharply after 5:45 PM:
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 05:45 | 0.01x | 5.10x | 1.83x | 1.50x |
| 06:45 | 0.02x | 8.29x | 2.94x | 2.43x |
Momentum Highlights
- NII (bHNI): Jumped +62.5% (from 5.10x to 8.29x)
- Retail: Jumped +60.7% (from 1.83x to 2.94x)
- Total: Jumped +62.0% (from 1.50x to 2.43x)
- QIB: Jumped +100.0% (from 0.01x to 0.02x)
About the Company
Founded in 1990, Tempsens Instruments is a thermal engineering and specialised cable manufacturer based in Vadodara, Gujarat. It is India’s largest manufacturer of contact and non-contact temperature sensors in terms of revenue, holding approximately 10.5% market share in Fiscal 2026. The company operates through three verticals: temperature sensing solutions, electrical heating solutions, and specialised cables. Key management includes CEO Virendra Prakash Rathi and MD Vinay Rathi.
Financial Highlights
Tempsens Instruments has shown consistent growth in revenue and profit over the last three years:
| Particulars | FY 2026 (₹ crores) | FY 2025 (₹ crores) | FY 2024 (₹ crores) |
|---|---|---|---|
| Revenue from Operations | 444.88 | 378.53 | 274.81 |
| Total Profit (PAT) | 71.07 | 62.55 | 40.92 |
| Total Equity | 525.48 | 441.68 | 204.81 |
Revenue grew from ₹274.81 crores in FY 2024 to ₹444.88 crores in FY 2026. Profit after tax increased from ₹40.92 crores to ₹71.07 crores in the same period.
Objects of the Issue
The company intends to utilize the proceeds for the following purposes:
- Pre-payment or scheduled re-payment of certain outstanding borrowings: ₹55.00 crores
- Funding certain capital expenditure towards electrical heating solutions and specialized cable solutions: ₹18.13 crores
- General corporate purposes: Amount not specified
Risk Factors
- Heavy Dependence on Projects/OEM Business: Contributed 67.55% of revenue in FY 2026; long sales cycles pose timing risks.
- Concentration Risk in Key End-User Industries: Metal and petrochemical sectors contributed over 41% of revenue annually.
- Raw Material Supply Chain Vulnerabilities: Volatility in commodity markets and crude oil prices can impact costs.
Offer Details
- Price Band: ₹285.00000 - ₹300.00000
- Issue Size: 15000 - 500000
- Min Bid Qty: 50
- IPO Open Date: 2026-08-20
- IPO Close Date: 2026-08-24
Will the strong retail and bHNI demand sustain through the final two days of subscription, or is there a risk of late-stage cooling?
How might the muted QIB interest (0.02x) impact the IPO's listing price and initial volatility compared to issues with stronger institutional backing?
Given the heavy reliance on metal and petrochemical sectors, how vulnerable is Tempsens' future growth to potential downturns in these specific industries?
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