Tempsens Instruments (India) Ltd is set to launch its initial public offering on August 20, aiming to raise ₹650 crore and bolster its presence in the temperature sensing and electrical heating sectors, backed by recent revenue growth and strong market share.
Tempsens Instruments (India) Ltd is set to open its initial public offering on August 20, aiming to raise ₹650 crore in one of the latest manufacturing listings to reach the market. The issue will be priced at ₹285 to ₹300 a share and close on August 24, according to the company’s public announcement. At the top of the band, the company’s implied post-offer value works out to about ₹2,515 crore.
The offer combines a fresh issue of shares worth up to ₹95 crore with an offer for sale of as many as 1.85 crore shares. Tempsens plans to use the primary proceeds for capital spending in its electrical heating and specialised cable businesses, along with debt repayment and general corporate needs. ICICI Securities and JM Financial are the book-running lead managers, and KFin Technologies is the registrar.
Founded in 1990, Tempsens makes temperature sensing, electrical heating and specialised cable products for industrial customers. Its range includes contact and non-contact sensors, thermocouples, resistance temperature detectors, infrared pyrometers, furnace monitoring cameras, immersion heaters, cartridge heaters and a broad suite of control, power and instrumentation cables. HDFC Sky says the company held roughly a 10% share of India’s temperature sensor market by revenue as of March 31, 2025.
The company’s financial performance has also strengthened ahead of the listing. Data compiled by IPO review sites shows revenue rose from ₹274.81 crore in FY24 to ₹378.53 crore in FY25, while profit after tax increased from ₹40.92 crore to ₹62.56 crore over the same period. Those figures point to improving margins and a relatively modest debt load, with a debt-to-equity ratio of 0.15, while return on equity stood at 19.98% and return on capital employed at 22.82%, according to the same sources.
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