By BullScreen Editorial Team 
Tempsens Instruments (India) Ltd made a strong debut on the stock exchanges on Friday, August 28, with its shares listing at a substantial premium over the initial public offering (IPO) price.
On the National Stock Exchange (NSE), Tempsens Instruments shares opened at ₹634 apiece, representing a 111.33% premium over the issue price of ₹300. On the BSE, the stock debuted at ₹631.20, marking a 110.40% premium.
For investors who received the IPO allotment, the listing delivered significant gains. The IPO lot size was 50 shares, requiring an investment of ₹15,000. At the NSE listing price of ₹634, the lot was valued at ₹31,700, translating into a listing gain of ₹16,700 per lot.
The ₹650 crore Tempsens Instruments IPO comprised a fresh issue worth ₹95 crore and an offer-for-sale (OFS) of ₹555 crore. The fresh issue proceeds will be used for capital expenditure in electrical heating and specialised cable solutions, debt repayment, general corporate purposes and issue-related expenses.
Investor demand was exceptionally strong, with the issue subscribed 184.07 times. The non-institutional investor quota was subscribed 314.44 times, while qualified institutional buyers and retail investors subscribed 302.88 times and 60.69 times, respectively.
Before the IPO, the company raised ₹194.5 crore from anchor investors, including institutional funds and insurers.
Established in 1990, Tempsens Instruments manufactures contact and non-contact temperature sensors and provides customised solutions for industrial applications.