1 week ago
Tempsens IPO Allotment Status, GMP and Listing Details
Tempsens Instruments asked investors to buy shares in its IPO.
The offer price was between Rs 285 and Rs 300 per share.
Many more people applied than there were shares available.
This means each applicant had a relatively small chance of receiving shares.
The grey market price was about Rs 300-310 above the issue price, suggesting strong demand, but this estimate had slightly fallen.
Investors could check their allotment on the registrar’s website or on the NSE and BSE websites.
Money for unsuccessful applications was expected to be refunded by August 27.
The shares were expected to begin trading on August 28.
Tempsens Instruments’ IPO was offered from August 20 to 24 at Rs 285-300 per share, with a 50-share lot size.
The Rs 650 crore issue was subscribed 184.07 times, attracting nearly 75.2 lakh applications and bids worth about Rs 83,900 crore.
NII and QIB portions were subscribed 314.44 times and 302.88 times, while the retail portion was subscribed 60.69 times.
The grey market premium was reported at Rs 300-310 per share, implying a potential 100-104% upside over the upper issue price, although it had eased from Rs 320.
Applicants can check allotment through KFin Technologies, the NSE website, or the BSE website; refunds were expected by August 27 and listing by August 28.
- Who
- Applicants and investors in the Tempsens Instruments (India) IPO; KFin Technologies was the registrar, while JM Financial and ICICI Securities were the lead managers.
- What
- The article explains the IPO’s subscription, grey market premium, allotment-checking methods, refunds, and expected listing.
- Where
- Allotment could be checked through KFin Technologies, the NSE website, or the BSE website.
- When
- The IPO was open from August 20 to 24; refunds were expected by August 27 and listing by August 28.
- Why
- Investors need to check whether they received shares after the heavily oversubscribed IPO.
Optimistic View
Cautious View
Grey market expectations
Optimistic View
The reported GMP of Rs 300-310 per share suggested a potential 100-104% gain over the upper issue price.
Cautious View
The GMP had corrected from about Rs 320, showing that grey-market expectations can fluctuate.
Allotment prospects
Optimistic View
Strong demand and the high GMP indicated substantial investor interest in the issue.
Cautious View
The issue was subscribed 184.07 times, making allotment odds very low for individual applicants.
Key facts
- Issue size
- Rs 650 crore
- Price band
- Rs 285-300 per share
- Lot size
- 50 equity shares
- Overall subscription
- 184.07 times
- Grey market premium
- Rs 300-310 per share, compared with about Rs 320 on the final bidding day
- Expected refunds
- By August 27
- Expected listing
- On BSE and NSE on August 28
Sources
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