Thermal engineering solutions provider Tempsens Instruments (India) Limited has witnessed immense investor demand for its mainboard initial public offering (IPO). The public issue, which was open for subscription from August 20 to August 24, 2026, closed with a massive overall subscription of 184.07 times on its final bidding day. Following the strong response, equity share allotment was finalized on August 25 at the top end of the price band at Rs 300 per share. The company is now gearing up for its market debut scheduled for Friday, August 28, 2026, across both major domestic bourses, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Record Bidding Across Investor Categories
According to official exchange data from the NSE, the Rs 650 crore public issue received applications for 2,79,44,59,050 shares against an offer size of 1,51,81,667 shares. The Non-Institutional Investors (NII) category spearheaded the demand, registering an unprecedented subscription rate of 314.44 times. Qualified Institutional Buyers (QIB) followed closely with bids reaching 302.88 times their allocated quota. Meanwhile, retail individual investors showed strong enthusiasm as well, subscribing 60.69 times the shares set aside for them.
IPO Size, Fresh Issue, and OFS Details
The capital raising exercise of Tempsens Instruments (India) Limited comprises a total issue size of Rs 650 crore, structured with a price band of Rs 285 to Rs 300 per equity share having a face value of Rs 4 each. The public offer incorporates a fresh issue component of 31,66,666 shares designed to raise Rs 95 crore in fresh capital. Alongside the fresh issue, company promoters unloaded 1,85,00,000 equity shares valued at Rs 555 crore through an Offer for Sale (OFS). After receiving massive bids across all buyer segments, the share allocation was completed at the upper price ceiling of Rs 300 per share on August 25.
Listing Date and Festival Market Schedule
Tempsens Instruments (India) Limited is set to list its equity shares on both the BSE and NSE on Friday, August 28, 2026. Market participants should note that August 28 marks the festival of Raksha Bandhan. Despite the festival, Indian stock exchanges will operate normally, allowing the mainboard listing to proceed without interruption.
Grey Market Premium and Valuation Signals
Unofficial market trends tracked by market platform investorgain.com on August 26 show that Tempsens Instruments shares are commanding a Grey Market Premium (GMP) of Rs 300. With an issue price of Rs 300 per share, a Rs 300 premium reflects an estimated 100 percent return over the issue price ahead of formal listing. Earlier in the bidding cycle on August 22, the grey market premium had hit a peak of Rs 321 per share. Financial analysts emphasize that while grey market premiums indicate prevailing sentiment, actual listing prices remain subject to broader market fluctuations and opening demand dynamics on trading day.
