6 days ago
Tempsens Instruments IPO Set for Debut as GMP Soars
Tempsens Instruments is a company that makes heating products and special cables.
It sold shares to the public through an IPO.
Many investors applied for the shares, so the IPO was subscribed far more than once.
Non-institutional and institutional investors showed especially strong demand.
The shares are expected to begin trading on BSE and NSE.
The article reports two possible debut dates, August 27 and August 28.
In the grey market, the shares were reportedly trading ₹307 above the issue price.
If that premium holds, the shares could list near ₹607, but the actual price may be different.
Tempsens Instruments shares are set to debut on both BSE and NSE, although the article gives conflicting dates of August 27 and August 28.
The IPO was subscribed 184.07 times, led by non-institutional investors at 314.44 times and QIBs at 302.88 times.
Retail individual investors subscribed to their reserved portion 60.69 times during the August 20–24 bidding period.
The grey-market premium was reported at ₹307, implying an estimated listing price of ₹607 versus the ₹300 issue price.
The ₹650 crore issue included a ₹95 crore fresh issue and a ₹555 crore offer for sale, with proceeds supporting expansion and debt repayment.
- Who
- Tempsens Instruments, its investors, ICICI Securities Ltd, and KFin Technologies Ltd.
- What
- Tempsens Instruments completed its IPO process and is preparing for listing on BSE and NSE.
- Where
- The shares are scheduled to list on the BSE and NSE.
- When
- The IPO was open from August 20 to August 24, allotment was finalised on August 25, and the article gives conflicting listing dates of August 27 and August 28.
- Why
- The company raised funds for expansion, capital expenditure, and repayment or prepayment of borrowings.
Key facts
- Issue size
- ₹650 crore
- Price band
- ₹285–₹300 per share
- Upper-end issue price
- ₹300 per share
- Subscription
- 184.07 times overall
- Grey-market premium
- ₹307
- Estimated listing price
- ₹607, or 102.33% above the issue price
- Fresh issue use
- ₹73.13 crore for expansion and financial strengthening
Sources
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