6 days ago
Hy-Tech Engineers IPO Subscription Surges Past Tempsens; GMP Signals Premium
Two companies recently sold shares to the public through IPOs.
The Hy-Tech Engineers IPO received more total applications than the Tempsens Instruments IPO.
Hy-Tech Engineers was subscribed 244 times, while Tempsens Instruments was subscribed 184.07 times.
Different investor groups, including retail investors and large institutions, showed strong interest in both offerings.
Hy-Tech Engineers’ grey market premium was ₹44.
Tempsens Instruments’ grey market premium was ₹307.
These premiums suggested possible listing prices of about ₹97 and ₹607, respectively.
However, the figures were estimates based on grey-market activity, not confirmed listing prices.
Both companies were expected to list their shares on the stock exchanges.
Hy-Tech Engineers IPO was subscribed 244 times, surpassing Tempsens Instruments’ 184.07 times.
Hy-Tech Engineers saw demand of 412 times from NIIs, 175 times from retail investors, and 249 times from QIBs.
Tempsens Instruments’ IPO received its strongest demand from NIIs at 314.44 times, followed by QIBs at 302.88 times and retail investors at 60.69 times.
Hy-Tech Engineers offered a ₹136 crore issue, while Tempsens Instruments raised ₹650 crore through a fresh issue and an offer-for-sale.
Hy-Tech Engineers’ GMP was ₹44, implying an estimated ₹97 listing price; Tempsens Instruments’ ₹307 GMP indicated an estimated ₹607 listing price.
- Who
- Hy-Tech Engineers, Tempsens Instruments, and investors including retail investors, non-institutional investors, and qualified institutional buyers.
- What
- The two IPOs received heavy subscriptions, with Hy-Tech Engineers attracting more overall demand and both issues showing positive grey-market premiums.
- Where
- The shares were scheduled to list on the NSE and BSE.
- When
- Hy-Tech Engineers accepted bids from August 24 to August 27, while Tempsens Instruments accepted bids from August 20 to August 24. Their expected listing dates were September 1 and August 28, 2026, respectively.
- Why
- The strong subscription levels reflected continued investor interest in new market offerings.
Key facts
- Hy-Tech Engineers issue size
- ₹136 crore
- Hy-Tech Engineers subscription
- 244 times
- Hy-Tech Engineers price band
- ₹50–₹53 per share
- Tempsens Instruments issue size
- ₹650 crore
- Tempsens Instruments subscription
- 184.07 times
- Hy-Tech Engineers GMP
- ₹44, implying an estimated listing price of around ₹97
- Tempsens Instruments GMP
- ₹307, implying an estimated listing price of around ₹607
Sources
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