NewsTempsens Instruments IPO Day 2 Live: Total subscription at 9.32x; sHNI leads with 32x - Check analysts view and moreTempsens Instruments IPO Day 2 Live: Total subscription at 9.32x; sHNI leads with 32x - Check analysts view and more
Tempsens Instruments IPO is fully subscribed multiple times over on Day 2, with a total subscription of 9.32x. The sHNI category leads with 32.01x, followed by Retail at 9.92x. The company, a leader in temperature sensors, reported ₹444.88 crore revenue in FY 2026. Funds will be used for capex and debt repayment.
*this image is generated using AI for illustrative purposes only.
Tempsens Instruments IPO is racing ahead on Day 2, ticking up to a cumulative subscription of 9.32x. The issue saw strong participation from individual investors, with the Non-Institutional Buyers (sHNI) category leading the pack at an impressive 32.01x. Retail investors also showed robust interest, subscribing 9.92 times, while the QIB segment remains conservative at 0.06x.
Subscription Status
The subscription numbers picked up pace after the market opened, driven largely by high-net-worth individuals and retail participants. Here is the breakdown of the subscription progression:
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 20-08-2026 | 0.05x | 20.01x | 7.96x | 6.29x | 5.73x |
| Day 2 | 21-08-2026 | 0.06x | 32.01x | 14.24x | 9.92x | 9.32x |
Intra-day timeline on 21-08-2026
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 05:45 | 0.06x | 32.01x | 9.92x | 9.32x |
The standout intraday move was the surge in the sHNI category, which jumped from 7.96x on Day 1 to 32.01x by the end of Day 2. Retail subscription also nearly doubled from 6.29x to 9.92x. The total subscription crossed the 9x mark, indicating strong investor appetite for this thermal engineering specialist.
About the Company
Tempsens Instruments is a thermal engineering and specialised cable manufacturer engaged in the design and manufacture of customized temperature sensing solutions, electrical heating solutions and specialised cables. Founded in 1990, the company is 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. It operates through three core verticals: temperature sensing solutions, electrical heating solutions and specialised cables, serving diverse industries including power generation, steel, aluminium, railway, pharmaceutical, food, aerospace, defence, nuclear, glass, and petrochemical sectors.
Financial Highlights
| Metric | FY 2024 (₹ crores) | FY 2025 (₹ crores) | FY 2026 (₹ crores) |
|---|---|---|---|
| Revenue from Operations | 274.81 | 378.53 | 444.88 |
| Total Profit | 40.92 | 62.55 | 71.07 |
| Total Equity | 204.81 | 441.68 | 525.48 |
The company has shown consistent growth in revenue and profits over the last three years. Total equity has more than doubled since FY 2024, reflecting strong balance sheet expansion.
Objects of the Issue
- Funding certain capital expenditure towards electrical heating solutions and specialized cable solutions: ₹18.13 crores
- Pre-payment or scheduled re-payment of certain outstanding borrowings: ₹55.00 crores
- General corporate purposes: No specific amount disclosed
Risk Factors
- Heavy Dependence on Projects/OEM Business: Projects/OEM business contributed 67.55%, 69.16%, and 63.99% of revenue from operations for Fiscals 2026, 2025, and 2024 respectively.
- Concentration Risk in Key End-User Industries: Metal and petrochemical industries collectively contributed 41.13%, 42.90%, and 41.52% of revenue from operations for Fiscals 2026, 2025, and 2024 respectively.
- Raw Material Supply Chain Vulnerabilities: The company faces significant volatility, increases, fluctuations, shortages, or delays in the supply of primary raw materials which may adversely impact business operations.
Key Dates
- IPO Open Date: 2026-08-20
- IPO Close Date: 2026-08-24
- Price Band: ₹285.00000 - ₹300.00000
- Min Bid Qty: 50
Will the significant disparity between retail/sHNI demand and conservative QIB participation impact the final listing price premium?
How might the company's heavy reliance on metal and petrochemical sectors expose it to cyclical downturns post-listing?
Could the allocation of ₹55 crores towards debt repayment significantly improve the company's net profit margins in the coming fiscal years?
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