Tempsens Instruments IPO

About Tempsens Instruments IPO

The Tempsens Instruments IPO, a mainboard IPO, opens on Thursday, August 20, 2026 and closes on Monday, August 24, 2026. The allotment of shares will take place on Tuesday, August 25, 2026. The credit of shares to the demat account will take place on Thursday, August 27, 2026. The initiation of refunds will take place on Thursday, August 27, 2026. The listing of shares will take place on Friday, August 28, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 3,166,666 shares aggregating up to ₹95 crore. The offer for sale portion includes 18,500,000 shares of ₹4 aggregating up to ₹555 crore. The total number of shares and aggregate amount are 21,666,666 shares aggregating up to ₹650 crore.

Tempsens Instruments IPO's price band is set at ₹285 to ₹300 per share. The lot size for an application is 50. The minimum amount of investment required by a retail investor is ₹15,000 (50 shares) based on the upper price band.

Tempsens Instruments (India) is a thermal engineering and specialised cable manufacturer that designs and makes customised temperature sensing solutions, electrical heating solutions, and specialised cables.

Objectives of Tempsens Instruments IPO

• Funding certain capital expenditure of the Company towards its electrical heating solutions and specialized cable solutions.
  
• Pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

India's temperature sensing industry is scaling up. The country's temperature sensors and allied solutions market reached approximately ₹18.8 billion in Fiscal 2026.

The heating and cable segments carry a larger global opportunity. The global industrial electrical heating solutions market was valued at USD 13.2 billion in CY2025 and is forecast to reach USD 18.9 billion by CY2030, a compound annual growth rate of approximately 7.4%. Cables are climbing too. The market for specialised cables is projected to expand at a compound annual growth rate of about 8.3% between CY2025 and CY2030, reaching roughly USD 49.8 billion. The company is the largest manufacturer of contact and non-contact temperature sensors in India by revenue as of March 31, 2026, which places it across all three of these growing verticals.

About Tempsens Instruments (India) Limited

Tempsens Instruments (India) manufactures thermal engineering and specialised cable products. It designs and makes customised temperature sensing solutions, electrical heating solutions, and specialised cables across three core verticals. Tempsens Instruments (India) is the largest manufacturer of contact and non-contact temperature sensors in India by revenue as of March 31, 2026, holding approximately 10.5% of the temperature sensor segment in Fiscal 2026. It is also the only Indian manufacturer of non-contact temperature sensors as of March 31, 2026.

Its manufacturing footprint is wide. The company, together with its Subsidiaries and Joint Ventures, operates 15 manufacturing units worldwide, of which ten are located in Udaipur, Rajasthan, and five are overseas in the United Arab Emirates, South Korea, Indonesia, Germany, and Poland. It exported products to more than 80 countries.

Strengths of Tempsens Instruments (India) Limited

• The company is the largest manufacturer of contact and non-contact temperature sensors in India by revenue as of March 31, 2026, with an approximately 10.5% share of the temperature sensor segment in Fiscal 2026.
• It is the only Indian manufacturer of non-contact temperature sensors as of March 31, 2026, holding an approximately 21.3% share of that segment in Fiscal 2026.
• A diversified model spanning temperature sensing, electrical heating, and specialised cables serves more than 3,800 customers across industries such as power, steel, petrochemicals, and defence.
• A make to order manufacturing approach and stringent, long-cycle customer qualification processes create high entry barriers and support long-standing customer relationships.

Risks of Tempsens Instruments (India) Limited

• Ten of the company's 15 manufacturing units are concentrated in Udaipur, Rajasthan, meaning a single local disruption could halt a large share of production at once.
• Key raw materials including nickel, chromium, and stainless steel are subject to price volatility and supply shortages.
• The business depends on a group of suppliers without definitive long-term supply agreements, leaving production continuity exposed to supplier disruption.
• The Marathon Heater amalgamation created goodwill of ₹106.13 crore on the balance sheet, and any future impairment of this goodwill would reduce reported profits.
• Revenue is concentrated in a few end-user industries such as metals and petrochemicals, so a downturn in those sectors would weaken demand for the Company's products.

Peer Comparison

There are no peer group companies listed in India which are in the same line of business as the Company.

Anchor Investor Bidding Date

Wednesday, August 19, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
KFin Technologies Limited
E-mail: tempsens.ipo@kfintech.com
Tel: +91 40 6716 2222

Book Running Lead Manager(s)

• ICICI Securities Limited
  
• JM Financial Limited
  

Tempsens Instruments (India) Contact Details
TF-304, Florence Classic, 10, Ashapuri Society, Akota, Vadodara 390 020, Gujarat, India
E-mail: compliance@tempsens.com
Tel: +91 29 4294 3092

Tempsens Instruments (India) Business Model

The company earns its revenue through the design, manufacture, and sale of customised temperature sensing solutions, electrical heating solutions, and specialised cables to industrial customers. Revenue is generated across two channels: a Projects/OEM business, which contributed 67.55% of revenue from operations (excluding scrap sale and export incentive) in Fiscal 2026, and a replacement or MRO business, which contributed the remaining 32.45%. The company sells to both direct customers and distributors across more than 80 countries, with pricing built on a make-to-order model tailored to each customer's technical specifications. Cross-selling across its three product verticals expanded cross-sale revenue to ₹266.81 crore in Fiscal 2026, deepening customer relationships and reducing concentration risk.

Tempsens Instruments (India) Growth Trajectory

Tempsens Instruments (India) Limited's Total Income for FY26 was ₹455.86 crore, whereas in FY25 and FY24 it was ₹382.47 crore and ₹278.04 crore, respectively.

The Profit After Tax for FY26 was ₹71.07 crore, whereas in FY25 and FY24 it was ₹62.56 crore and ₹40.92 crore, respectively.

Their EBITDA for FY26 was ₹113.17 crore, whereas in FY25 and FY24 it was ₹97.32 crore and ₹61.13 crore, respectively.

Tempsens Instruments (India) Market Position

Tempsens Instruments (India) holds a leading position in India's temperature sensing market, ranking as the largest manufacturer of contact and non-contact temperature sensors by revenue as of March 31, 2026.. It is the only Indian manufacturer of non-contact temperature sensors, fibre optic temperature sensors, thermal profiling systems, pyrometers, and online thermal imagers as of March 31, 2026. Its distribution reach spans direct customers and distributors serving more than 3,800 customers, with exports to more than 80 countries and a manufacturing base of 15 units across India, the United Arab Emirates, South Korea, Indonesia, Germany, and Poland.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹455.86 crore, ₹71.07 crore, and ₹113.17 crore, respectively.

How to apply for Tempsens Instruments IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.