Tempsens Instruments
Tempsens Instruments (India) Limited is a leading manufacturer specializing in thermal engineering and specialized cables. The company provides temperature sensing and electrical heating solutions across diverse industrial sectors including steel, cement, and petrochemicals.
Price Band
₹285 - ₹300
Lot Size
50 Shares
Issue Size
₹650.00 Cr
Fresh Issue
₹95.00 Cr
OFS
₹555.00 Cr
Registrar
AI Sentiment Score
Listing Price
₹634.00
vs Issue: ₹300 (+111.33%)
📅 IPO Timeline
✓
Open
Aug 20, 2026
✓
Close
Aug 24, 2026
✓
Allotment
Aug 25, 2026
✓
Refund
Aug 27, 2026
✓
Demat
Aug 27, 2026
✓
Listing
Aug 28, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Tempsens Instruments displays an established operational footprint with expanding revenue streams (22.9% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (22.9% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 17.8%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding certain capital expenditure of the Company towards the (i) electrical heating solutions (ii) specialized cable solutions | ₹18.13 |
| Pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by the Company | ₹55.00 |
| General Corporate Purposes | ₹576.87 |
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 240.00 Cr | Rs 275.00 Cr | Rs 379.00 Cr | Rs 445.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 32.00 Cr | Rs 41.00 Cr | Rs 63.00 Cr | Rs 71.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 44.00 Cr | Rs 55.00 Cr | Rs 91.00 Cr | Rs 101.00 Cr |
| Borrowings (₹ Cr) | Rs 26.00 Cr | Rs 30.00 Cr | Rs 72.00 Cr | Rs 78.00 Cr |
| Total Assets (₹ Cr) | Rs 210.00 Cr | Rs 271.00 Cr | Rs 551.00 Cr | Rs 661.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 17.80% | 17.80% | 17.80% | 17.80% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
63.1x
Industry P/E
72.6x
Debt/Equity
0.16
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 72.6x
IPO 63.1x
0x (Deep Value)
98x (High Multiple)
📋 Live Subscription Status
QIB
302.88x
NII
331.34x
Retail
60.69x
Total
184.07x
🎯 Retail Allotment Probability
1.6% Odds
1 in 60.7 chance (~1.6% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:28 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹650.0 Cr
Issue Size
Fresh (14.6%)
OFS (85.4%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 1990, Tempsens Instruments (India) Limited has evolved over three decades into a premier provider of thermal engineering solutions. The company has expanded its operational footprint globally, establishing manufacturing facilities in India, Indonesia, the UAE, Poland, Germany, and South Korea to serve a worldwide clientele.
The company's core business model revolves around the design and manufacture of a diverse product portfolio, including temperature sensing solutions, electrical heating solutions, and specialized cables. These high-precision instruments are critical for maintaining operational efficiency in high-temperature industrial environments.
Tempsens serves a vast array of critical industries, including power generation, automotive, glass, petrochemicals, cement, and steel. Its market position is reinforced by a global reach, having supplied products to more than 80 countries and served over 1,000 unique customers between FY23 and FY26.
Operational scale is highlighted by its international presence and technical expertise in handling complex industrial needs. The company maintains a strong competitive edge through its ability to provide customized thermal solutions for critical infrastructure.
The company is led by its promoters, Virendra Prakash Rathi, Vinay Rathi, and Pratap Singh Talesara, who have steered the organization from a domestic manufacturer to a global player in the thermal engineering sector.
The Tempsens Instruments India IPO is a Mainboard issue with a total size of approximately ₹650 crore. The issue structure consists of a fresh issue of ₹95 crore and an Offer for Sale (OFS) of approximately 1.85 crore shares, meaning the majority of the proceeds (85.4%) will go to selling shareholders. The price band is set between ₹285 and ₹300 per share, with a minimum lot size of 50 shares costing ₹15,000. The IPO is scheduled to open on August 20, 2026, and close on August 24, 2026, with listing on BSE and NSE on August 28, 2026.
Proceeds from the fresh issue are earmarked for capital expenditure totaling ₹18.13 crore, specifically for specialized cable and electrical heating solutions, and ₹55 crore for the repayment or prepayment of outstanding borrowings.
Financial performance shows a consistent upward trajectory. Revenue grew from ₹278.04 crore in FY24 to ₹455.86 crore in FY26. Similarly, the Profit After Tax (PAT) increased from ₹40.92 crore in FY24 to ₹71.07 crore in FY26, demonstrating strong operational scalability and margin maintenance.
From a valuation perspective, the company reports a basic EPS of ₹8.35 for FY26. While a direct P/E ratio is not provided, the company lacks listed peers in India for a direct comparison, making its valuation unique within its niche. The ROE stands at 13.54% and ROCE at 21.61%, indicating efficient capital utilization.
Key strengths include a global customer base, low debt-to-equity ratio (0.15), and steady growth in both top and bottom lines. However, the heavy weight of the OFS component may be perceived by some investors as promoters offloading a significant portion of their holdings.
Overall, the IPO presents a company with strong fundamentals and a global footprint. Investors may view the growth trends positively, though the structural imbalance between the fresh issue and OFS is a point for consideration.