Tempsens Instruments IPO is a book-built issue of ₹650.00 crores, comprising a fresh issue of 0.32 crore shares aggregating to ₹95.00 crores and an offer for sale of 1.85 crore shares worth ₹555.00 crores. The IPO will open for subscription on Aug 20, 2026, and close on Aug 24, 2026. The allotment is expected to be finalized on Aug 25, 2026, with the shares scheduled to list on NSE and BSE on Aug 28, 2026.
The price band has been fixed at ₹285 to ₹300 per share, with a lot size of 50 shares. Retail investors need to invest a minimum of ₹15,000 for one lot at the upper price band. ICICI Securities Ltd. is the book running lead manager, while Kfin Technologies Ltd. is the registrar to the issue. For detailed information on the company’s business, financials, risk factors, and the proposed utilisation of proceeds, investors should refer to the Tempsens Instruments IPO Red Herring Prospectus (RHP) before making an investment decision.
Company Overview
Incorporated in 1990, Tempsens Instruments (India) Limited is a thermal engineering and specialised cable manufacturer engaged in designing and manufacturing customised temperature sensing solutions, electrical heating systems and specialised cables. Its product portfolio caters to a range of industrial applications and includes temperature sensing solutions, electrical heating solutions and specialised cables.
The company manufactures contact and non-contact temperature sensors in India and held an estimated market share of approximately 10.5% in the temperature sensor segment for the year ended March 31, 2026.
Between April 1, 2023 and March 31, 2026, Tempsens served more than 1,000 unique customers. The company also exports its products to more than 80 countries, including the United Arab Emirates, Germany and Poland. Its international presence spans markets across Asia Pacific, Africa & Middle East and North Africa, Europe, and North and South America.
Its temperature sensing solutions include thermocouples, resistance temperature detectors, infrared pyrometers, online thermal imagers and furnace monitoring cameras. The electrical heating range comprises immersion, process, skid, cartridge, band, tubular and flexible heaters. The company also manufactures specialised cables, including low-voltage control and power wires and cables, instrumentation cables, thermocouple and RTD cables, and nickel-alloy conductors used in thermocouple heating applications.
(Source: RHP)
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 20 to 24 Aug, 2026 |
| Allotment | Tue, Aug 25, 2026 |
| Listing Date | Fri, Aug 28, 2026 |
| Face Value | ₹4 per share |
| Price Band | ₹285 to ₹300 |
| Lot Size | 50 Shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 2,16,66,666 shares (agg. up to ₹650 Cr) |
| Fresh Issue | 31,66,666 shares (agg. up to ₹95 Cr) |
| Offer for Sale | 1,85,00,000 shares (agg. up to ₹555 Cr) |
| Shareholding Pre-Issue | 8,06,66,025 shares |
| Shareholding Post-Issue | 8,38,32,691 shares |
| Listing Exchange | BSE, NSE |
(Compiled from RHP and market updates)
Industry Context
- Temperature sensing solutions are integral to industrial operations, supporting precise monitoring, process control, safety and compliance across chemicals, metals, power, oil & gas and manufacturing industries.
- Automation, digitalisation and Industry 4.0 are driving sensor adoption, with increasing demand for wireless, non-contact and digitally connected solutions that enable real-time monitoring, predictive maintenance and improved efficiency.
- Growth in EVs, semiconductors, electronics and clean energy is creating new applications for thermal monitoring, increasing demand for precise temperature sensors across batteries, production lines and advanced industrial equipment.
- Electrical heating solutions are benefiting from industrial expansion and energy-efficiency requirements, while specialised cables continue to find applications across power, infrastructure, metals, oil & gas, automotive and other industrial sectors.
- India’s push towards indigenisation is creating opportunities for domestic manufacturers, as industries seek to reduce import dependence. The global temperature sensor market is projected to grow at 8.1% CAGR during CY2025-CY2030.
Business Strengths
- Leading Indian manufacturer of contact and non-contact temperature sensors by revenue, supported by significant capabilities in electrical heating solutions and increasing domestic manufacturing.
- Offers temperature sensing solutions, electrical heaters and specialised cables, enabling the company to address varied industrial applications and reduce dependence on any single product category.
- In-house research and development expertise supports the design of customised, technically complex solutions, helping the company address specialised customer requirements and drive continuous product innovation.
- Serves customers across multiple industries and applications, with a balanced revenue mix from project-based business and maintenance, repair and overhaul activities.
- International operations are supported by exports, strategic partnerships, diverse customers and long-term relationships, enabling the company to strengthen its presence across multiple overseas markets.
Business Risks
- The company’s performance is closely linked to demand from industrial sectors. Any slowdown in manufacturing, infrastructure or capital expenditure could adversely affect revenue and profitability.
- Fluctuations in prices of metals, alloys and other key inputs may increase production costs and pressure margins, particularly if higher costs cannot be passed on to customers.
- Operations across international markets expose the company to currency fluctuations, geopolitical uncertainties, regulatory changes and economic slowdowns that could affect overseas sales.
- A significant focus on specialised and customised solutions may increase production complexity, development timelines and execution risks, potentially affecting operating efficiency and customer delivery schedules.
- The company operates in markets with domestic and international competitors. Intensifying competition, technological advancements or pricing pressure could impact its market position and profitability.
Financial Performance
Tempsens Instruments (India) Ltd. – Financials (₹ in Million)
| Particulars | Fiscal 2026 | Fiscal 2025 | Fiscal 2024 |
|---|---|---|---|
| Revenue from Operations | 4,448.78 | 3,785.26 | 2,748.10 |
| Total Income | 4,558.55 | 3,824.68 | 2,780.42 |
| EBITDA | 1,131.73 | 973.22 | 611.27 |
| Profit / (Loss) After Tax (PAT) | 710.67 | 625.55 | 409.19 |
| Basic EPS | 8.35 | 7.51 | 8.06 |
| Debt-to-Equity (D/E) | 0.15 | 0.16 | 0.15 |
(Source: RHP)
Key Ratios & Metrics
| KPI (As of March 31, 2026) | Value |
|---|---|
| Return on Equity (ROE) | 13.54% |
| Return on Capital Employed (ROCE) | 21.61% |
| Debt-to-Equity Ratio | 0.15 |
| Return on Net Worth (RoNW) | 13.55% |
| PAT Margin | 15.59% |
| EBITDA Margin | 24.83% |
| Net Asset Value (NAV per share) | ₹61.66 |
Objects of the Offer
- Funding investments in the company’s electrical heating and specialised cable solutions.
- Prepayment or scheduled repayment of certain outstanding borrowings, either fully or partially.
- Meeting the company’s broader corporate and business requirements.
Conclusion
Tempsens Instruments (India) Limited enters the IPO with an established presence in temperature sensing, electrical heating and specialised cables, supported by a diversified product portfolio, strong customer relationships and an expanding international footprint.
Its focus on customised solutions and in-house R&D provides opportunities to strengthen its competitive position and benefit from growing industrial demand. Overall, investors should evaluate the company’s business model, financial performance, industry outlook, competitive positioning, valuation, and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.
Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. This content is purely for informational purposes only and should not be considered as investment advice or a recommendation. Securities quoted are for illustration purposes only and not recommendatory. Investors are requested to do their own due diligence before investing.
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