Tempsens Instruments' initial public offering (IPO) has been subscribed 21.66 times as of the third day of bidding on August 24, 2026. The company aims to raise ₹650 crore through the IPO, which opened on August 20 and is set to close today. The price band for the shares is fixed between ₹285 and ₹300 per share, with a grey market premium of ₹330 reported on the final day.
The IPO subscription data shows strong investor interest, with the issue being oversubscribed by more than 21 times within four days. The company set the price band at ₹285-₹300 per share ahead of the bidding period, which began on August 20. Market observers noted the grey market premium of ₹330, indicating demand exceeding the upper price band. The bidding will conclude on August 24, marking the final opportunity for investors to participate.
The oversubscription of Tempsens Instruments' IPO reflects robust demand in the capital markets for industrial instrumentation companies. The ₹650 crore fundraising effort is significant for the sector, which has seen increased investor appetite recently. Comparable IPOs in the industrial and instrumentation space have also attracted strong subscriptions, underscoring the market's positive outlook toward this segment. The premium in the grey market further highlights investor confidence in the company's prospects.
The IPO subscription numbers and grey market premium will be closely watched as the issue closes today. The final allotment and listing date will be announced following the completion of the bidding process, providing clarity on investor allocation. The company’s ₹650 crore capital raise is expected to support its expansion plans and operational scaling in the coming months.