NewsTempsens Instruments IPO Day 3: Issue subscribed 57.81x so far. Check issue details and key datesTempsens Instruments IPO Day 3: Issue subscribed 57.81x so far. Check issue details and key dates
- Tempsens Instruments IPO closed Day 3 with an overall subscription of 57.81x.
- QIB category surged 103.7% intra-day, moving from 3.50x to 7.13x.
- NII (bHNI) led demand with 180.50x subscription, followed by NII (sHNI) at 164.08x.
- Retail investors subscribed 36.47x, showing strong individual investor interest.
- The company reported FY 2026 revenue of ₹444.88 crores and PAT of ₹71.07 crores.
*this image is generated using AI for illustrative purposes only.
Tempsens Instruments IPO raced ahead on Day 3, with overall subscription surging to 57.81x. The issue saw a sharp intra-day momentum shift, particularly in the QIB category which more than doubled its bid size in just one hour.
Final Subscription Status
The IPO witnessed a steady increase in subscription across all days, culminating in significant oversubscription by the end of Day 3. The total subscription jumped from 43.09x at 11:15 AM to 57.81x by 12:15 PM on the final day.
| 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 | 3.31x | 67.58x | 43.74x | 18.41x | 21.25x |
| Day 3 | 24-08-2026 | 7.13x | 180.50x | 164.08x | 36.47x | 57.81x |
Category-wise Breakdown
- QIB: Subscribed 7.13x. This category showed the most dramatic intra-day move, jumping +103.7% from 3.50x to 7.13x between 11:15 AM and 12:15 PM.
- NII (bHNI): Subscribed 180.50x. High Net Worth Individuals continued to drive massive demand, adding another 39.63x to their earlier bids.
- NII (sHNI): Subscribed 164.08x. Small High Net Worth Individuals also participated heavily, maintaining strong interest throughout the issue.
- Retail: Subscribed 36.47x. Individual investors showed strong confidence, increasing their subscription by 29.6% in the final hours.
- Employees: Subscribed 68.84x.
Intra-day timeline on 24-08-2026
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 3.50x | 124.45x | 28.15x | 43.09x |
| 12:15 | 7.13x | 164.08x | 36.47x | 57.81x |
About the Company
Tempsens Instruments is a thermal engineering and specialised cable manufacturer engaged in designing and manufacturing customized temperature sensing solutions, electrical heating solutions, and specialised cables. Founded in 1990, it is the largest manufacturer of contact and non-contact temperature sensors in India in terms of revenue, holding approximately 10.5% market share in Fiscal 2026. The company operates through three core verticals serving diverse industries including power generation, steel, aluminium, railway, pharmaceutical, food, aerospace, defence, nuclear, glass, and petrochemical sectors. Key management includes CEO Virendra Prakash Rathi and MD Vinay Rathi.
Financial Highlights
Tempsens Instruments has shown consistent growth in revenue and profits over the last three years.
| Particulars | FY 2024 (₹ crores) | FY 2025 (₹ crores) | FY 2026 (₹ crores) |
|---|---|---|---|
| Revenue from Operations | 274.81 | 378.53 | 444.88 |
| Total Profit (PAT) | 40.92 | 62.55 | 71.07 |
| Total Equity | 204.81 | 441.68 | 525.48 |
The company reported a total profit of ₹71.07 crores in FY 2026, up from ₹62.55 crores in FY 2025. Revenue grew to ₹444.88 crores in FY 2026 from ₹378.53 crores in the previous year.
Objects of the Issue
- Funding certain capital expenditure: ₹18.13 crores towards electrical heating solutions and specialized cable solutions, including machinery procurement and infrastructure construction.
- Pre-payment or scheduled re-payment: ₹55.00 crores for repaying outstanding borrowings to reduce indebtedness and improve debt-to-equity ratio.
- General corporate purposes: Utilization for payment of commission, fees, salaries, administration, insurance, repairs, maintenance, taxes, and duties.
Risk Factors
- Heavy Dependence on Projects/OEM Business: Projects/OEM business contributed 67.55% of revenue in Fiscal 2026, with orders having high entry barriers and long sales cycles.
- Concentration Risk in Key End-User Industries: Metal and petrochemical industries collectively contributed 41.13% of revenue in Fiscal 2026; negative developments in these sectors may affect operations.
- Raw Material Supply Chain Vulnerabilities: Volatility in commodity markets and crude oil prices can cause fluctuations in raw material costs, impacting project-specific orders.
What's Next
- Allotment Date: To be announced. Investors should check the BSE/NSE website for updates.
- Listing Date: To be announced. Shares will be listed on NSE and BSE after allotment.
- Basis of Allotment: Since the issue is oversubscribed, allotment will be done on a pro-rata basis or through lottery, as per SEBI guidelines. Investors can track status via their broker or the registrar’s website.
How might the significant oversubscription in the NII categories impact the initial listing price premium and short-term volatility on the NSE and BSE?
Given the heavy reliance on metal and petrochemical sectors, how could potential downturns in these industries affect Tempsens Instruments' post-IPO revenue stability?
Will the allocation of ₹55.00 crores towards debt repayment significantly improve the company's credit rating and lower future borrowing costs?
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