About Tempsens Instruments IPO
Tempsens Instruments (India) Limited is set to launch its IPO for public subscription on August 20, 2026, and will remain open until August 24, 2026.
The Tempsens Instruments IPO price band is set at ₹285–₹300 per equity share. The allotment is expected to be finalised on August 25, 2026.
The Tempsens Instruments IPO is a ₹650 crore book-building issue, comprising a fresh issue of 31,66,666 shares aggregating to ₹95 crore and an OFS of 1,85,00,000 shares aggregating to ₹555 crore, with a face value of ₹4 each.
Business Overview of Tempsens Instruments
Tempsens Instruments (India) Limited, incorporated in 1990 and headquartered in Vadodara, Gujarat, is a leading thermal engineering and specialised cable manufacturer in India.
The company designs and manufactures customised temperature sensing solutions, electrical heating solutions, and specialised cables for global process industries.
More precisely, Tempsens is the largest manufacturer of contact and non-contact temperature sensors in India.
Key Highlights of Tempsens Instruments (India) Limited Include:
| Particulars | Details |
|---|---|
| Incorporated | 1990 |
| Headquarters | Vadodara, Gujarat |
| Market Position | Largest contact & non-contact temperature sensor manufacturer in India by revenue |
| Market Share (FY26) | ~10.5% overall sensors; ~21.3% non-contact |
| Product Portfolio | Temperature sensors, electrical heaters, specialised cables, calibration equipment |
| Revenue Mix (FY26) | 67.55% from Projects/OEM business |
| Customer Base | 1,000+ unique customers (FY24–FY26) |
| Export Reach | 80+ countries across Asia Pacific, Africa, MENA, Europe, Americas |
| Employees (Mar 2026) | 37+ personnel |
| Revenue FY26 | ₹455.86 crore |
| PAT FY26 | ₹71.07 crore |
Tempsens Instruments IPO Date, Price, and Other Details
The following are the details of the upcoming Tempsens Instruments (India) Limited IPO.
| Particulars | Details |
|---|---|
| IPO Size | Book Build issue of ₹650 crore |
| Offer Type | Fresh issue of ₹95 crore + OFS of ₹555 crore |
| Total Shares Offered | 2,16,66,666 shares |
| Price Band | ₹285 to ₹300 per share |
| Issue Dates | Opens: Aug 20, 2026 · Closes: Aug 24, 2026 |
| Anchor Investor Date | Aug 19, 2026 |
| Minimum Bid Lot | 1 lot of 50 shares |
| Minimum Investment (Retail) | ₹15,000 (at upper band) |
| Allotment Date | Aug 25, 2026 |
| Credit to Demat | Aug 27, 2026 |
| Listing Date | Aug 28, 2026 |
| Face Value | ₹4 per share |
| Lead Managers (BRLMs) | ICICI Securities Ltd., JM Financial Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Listing Exchanges | NSE & BSE |
Tempsens Instruments IPO Reservation: Who Can Apply?
The Tempsens Instruments IPO has the following category reservations from Retail to HNIs:
| Investor Category | Lots | Shares | Amount (at ₹300) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹15,000 |
| Retail (Max) | 13 | 650 | ₹1,95,000 |
| sNII (Min) | 14 | 700 | ₹2,10,000 |
| sNII (Max) | 66 | 3,300 | ₹9,90,000 |
| bNII (Min) | 67 | 3,350 | ₹10,05,000 |
| QIB | Not more than 50% of Net Offer | — | — |
Strengths and Risks of Tempsens Instruments IPO
With every business owning its strengths and risks, even the Tempsens Instruments IPO has its potential plus points and downsides to be aware of.
Here is a brief business analysis (as per RHP) below:
Strengths
- India's largest manufacturer of contact and non-contact temperature sensors by revenue, with 10.5% overall market share and 21.3% in non-contact sensors in FY26.
- Diversified product portfolio spanning temperature sensing, electrical heating solutions, and specialised cables with a balanced mix of Projects/OEM (67.55%) and MRO revenue.
- Revenue grew at a CAGR of ~27% from ₹278.04 crore (FY24) to ₹455.86 crore (FY26).
- Strong EBITDA margin of 24.83% and PAT margin of 15.59% in FY26.
- Global presence of Tempens Instruments with exports to 80+ countries through strategic alliances, with diverse industry coverage across Metals, Oil & Gas, Power, Glass, Cement, and Chemicals.
- Established R&D capabilities enabling customised, critical solutions and indigenisation, creating high entry barriers.
Risks
- 67.55% of FY26 revenue came from Projects/OEM business — delays in customer capex cycles can materially affect revenue.
- ROE declined to 13.54% in FY26 from 20.02% in FY24 as the equity base expanded faster than earnings.
- FY24–FY26 financials are not directly comparable due to the Marathon Heater amalgamation (FY25) and acquisition of Tempsens GmbH and Tempsens Polska (FY26).
- Top 10 customers contributed 18.59%–24.74% of revenue in FY24–FY26 with moderate customer concentration.
- OFS of ₹555 crore constitutes ~85% of the total issue. The company receives only ₹95 crore from the fresh issue.
- Plus, there are outstanding legal proceedings involving the company, promoters, directors, and KMP. Any adverse outcome could affect brand image and financials.
Future Plans/Strategies
- Repay/prepay ₹55 crore of outstanding borrowings to strengthen the balance sheet.
- Fund ₹18.13 crore capital expenditure toward electrical heating solutions and specialised cable operations.
- General corporate purposes with remaining fresh issue proceeds.
- Continue expanding global footprint and deepening product portfolio through R&D.
Tempsens Instruments IPO Objectives – How Will the Funds Be Used?
The Tempsens Instruments IPO comprises a fresh issue (₹95 crore) and an OFS (₹555 crore). The company will receive proceeds only from the fresh issue. OFS proceeds go to the selling shareholders.
| Objective | Amount (₹ crore) |
|---|---|
| Capital expenditure: electrical heating solutions and specialised cable operations | 18.13 |
| Repayment/prepayment of certain outstanding borrowings | 55.00 |
| General corporate purposes | Balance |
Promoter Shareholding of Tempsens Instruments IPO
The promoters of Tempsens Instruments IPO are Virendra Prakash Rathi, Vinay Rathi, and Pratap Singh Talesara.
| Promoter Name | % (pre-issue) |
|---|---|
| Amit Talesara | 15.50% |
| Vinay Rathi | 30.00% |
| Pratap Singh Talesara | 0.63% |
| Total | 46.13% |
Financial Performance (₹ in crores) of Tempsens Instruments IPO
Here's the table outlining the financial performance of Tempsens Instruments (India) Limited from FY 2024 to FY 2026.
(in crores)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 661.05 | 551.28 | 271.14 |
| Total Income | 455.86 | 382.47 | 278.04 |
| Profit After Tax | 71.07 | 62.56 | 40.92 |
| EBITDA | 113.17 | 97.32 | 61.13 |
| Net Worth | 496.89 | 430.63 | 180.61 |
| Reserves and Surplus | 465.16 | 427.25 | 202.98 |
| Total Borrowing | 77.95 | 71.83 | 30.13 |
Key Performance Metrics of Tempsens Instruments
Based on the financials available in the RHP, the following key performance metrics of Tempsens Instruments IPO can be considered.
| KPI | Values (FY 2025-26) | Values (FY 2024-25) |
|---|---|---|
| Return on Equity (ROE) | 13.54% | 14.08% |
| Net Asset Value (NAV) | ₹61.66 | ₹53.33 |
| Price/Earnings (P/E) Ratio | - | - |
| Earnings Per Share (EPS - Diluted) | ₹8.33 | ₹7.51 |
| EBITDA Margin (%) | 24.83% | 25.45% |
| PAT Margin (%) | 15.59% | 16.36% |
| Debt to Equity Ratio | 0.15 | 0.16 |
(Note: Refer to the RHP for complete details.)
Registrar of Tempsens Instruments IPO
The Registrar of Tempsens Instruments IPO is Kfin Technologies Ltd.
Phone: 040-79615565
Email: tempsens.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lead Manager of Tempsens Instruments IPO
In total, 2 lead managers are handling the IPO process of Tempsens Instruments (India) Limited namely;
- ICICI Securities Ltd.
- JM Financial Ltd...
