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Tempsens Instruments IPO opens Aug. 20 with grey market premium at +220
The IPO will be offered at ₹285 to ₹300 per share, with an estimated listing price near ₹520, about 73.3% above the offer top.
Tempsens Instruments' initial public offering opens for subscription on August 20 and closes on August 24, with the price band set at ₹285 to ₹300 per equity share, LiveMint Markets said. The company has a face value of ₹4 per share.
The grey market premium stands at +220, implying an estimated listing price of around ₹520 based on the upper end of the IPO band. That would represent a 73.3% increase versus the ₹300 offer price.
LiveMint Markets noted that grey market GMP has risen across the past six sessions, but it has fluctuated between ₹65 and ₹220 during that period.
Brokerages cited by LiveMint Markets said the issue’s niche positioning and exposure to India’s industrial automation and manufacturing growth are positives, while they flagged risks including premium valuation, working-capital intensity, customer and sector concentration, and manufacturing concentration in Udaipur. Kantilal Chhaganlal Securities recommended subscribing, and Swastika Investmart said the shares may suit long-term investors comfortable with the premium valuation and related risks.