Tempsens Instruments (India) Ltd IPO
Engineering
Price Band
₹285 – ₹300
Lot Size
50
Minimum Bid Quantity
50
Minimum Investment
₹15000
Issue Size
₹650Cr
Opens
2026-08-20
Closes
2026-08-24
Listing
28-08-2026
Subscription Status
Qualified Institutional Buyers
302.88 x
Non-Institutional Investor
314.19 x
Retail Individual Investor
59.72 x
Employees
123.39 x
Total
183.53 x
IPO Details
Issue Type
EQUITY
Face Value
₹4
Tick Size
1
ISIN
INE1KZI01025
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Tempsens Instruments (India) Limited is a thermal engineering and specialised cable manufacturer engaged in the design and manufacture of temperature-sensing solutions, electrical heating solutions, and specialised cables. Its temperature-sensing portfolio includes thermocouples, resistance temperature detectors, infrared pyrometers, online thermal imagers, temperature gauges, pressure gauges, level gauges, thermowells, temperature transmitters, fibre optic temperature sensors, and temperature calibrators. Its electrical heating products include immersion, process, skid, cartridge, band, tubular, flexible and furnace heaters, as well as laboratory and process furnaces. The specialised cable portfolio includes control and power cables, instrumentation cables, thermocouple and RTD cables, heat trace cables and mineral insulated metal sheath cables. The company operates 15 manufacturing units with its subsidiaries and joint ventures, including 10 units in Udaipur, India, and five overseas units in the United Arab Emirates, South Korea, Indonesia, Germany, and Poland. It also has a network of 28 distributors as of March 31, 2026.
Pros
- • The company claims to be the largest manufacturer of contact and non-contact temperature sensors in India by revenue, with an approximately 10.5% share of the temperature sensor segment in FY26. It also claims to be the only Indian manufacturer of non-contact temperature sensors, with an approximately 21.3% market share in the segment.
- • The company has a diversified product portfolio across three verticals: temperature sensing solutions, electrical heating solutions, and specialised cables. Its products are used across industries, including petrochemicals, metal, power, defence, nuclear, glass, plastics, automotive, and pharmaceuticals.
- • The company has a global manufacturing and distribution network. Together with its subsidiaries and joint ventures, it operates 15 manufacturing units across India, the UAE, South Korea, Indonesia, Germany, and Poland and has 28 distributors supporting sales across more than 80 countries.
Cons
- • The company is more dependent on its Projects/OEM business, which contributed Rs 297.97 crore (67.55%), Rs 259.58 crore (69.16%), and Rs 174.61 crore (63.99%) to revenue from operations in FY26, FY25, and FY24, respectively. Any reduction in customer capital expenditure, delay or cancellation of major projects, or decline in demand for either Projects/OEM or MRO orders can adversely affect the company’s business, financial condition, results of operations, and cash flows.
- • The company’s revenue is exposed to demand trends in the metal and petrochemical industries, which collectively contributed Rs 181.45 crore (41.13%), Rs 161.05 crore (42.90%), and Rs 113.28 crore (41.52%) to revenue from operations in FY26, FY25, and FY24, respectively. Any adverse developments, reduced capital expenditure, regulatory changes or slowdown in these sectors can adversely affect the company’s business, financial condition, results of operations and cash flows.
- • The company’s raw material purchases are significantly dependent on copper and nickel, which accounted for 26.05%, 24.49%, and 22.33% of total purchases in FY26, FY25, and FY24, respectively, amounting to Rs 67.94 crore, Rs 51.16 crore, and Rs 36.95 crore. Any significant increase in the prices of these materials, shortages, supply disruptions, or delays, particularly for specialised materials required for project-specific orders, can adversely affect the company’s business, financial condition, results of operations, and cash flows.
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