Tempsens Instruments (India) IPO
Tempsens Instruments (India) IPO is a mainboard IPO raising ₹650 Cr at ₹285 – ₹300 a share. It listed on 28 Aug 2026 at ₹634, +111.3% against its issue price of ₹300, and trades at ₹581 today (+93.8% since issue). It was subscribed 184× in total.
184.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
85% of this issue is existing shareholders cashing out. Only ₹95 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs300. Checked: exchange issue size Rs650 Cr vs derived Rs650 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
The issuer names no comparable listed companies: “There are no peer group companies listed in India which are in the same line of business as our Company (Source: F&S Report). Given its business model and diversified product portfolio, there are no directly listed companies in India or outside India which operate across all the segments/product categories as ours.”
derived: cut-off price Rs300 / stated EPS Rs8.33 (FY2026 diluted EPS (Restated Consolidated Financial Information), face value ₹4). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.