Tempsens Instruments (India) IPO

About Tempsens Instruments (India) IPO

The IPO of Tempsens Instruments (India) comprises a fresh issue and an offer for sale. The fresh issue aggregates up to ₹118 crores while the offer for sale aggregates up to 17,925,071 equity shares. The total issue comprises up to TBA equity shares. It’s a 100% book-built issue.

Tempsens Instruments (India) IPO opens on [XX] and closes on [YY]. The allotment of shares will take place on [TBA]. The credit of shares to the demat account will take place on [TBA]. The initiation of refunds will take place on [TBA]. The listing of shares will take place on [TBA].

Tempsens Instruments (India) is a thermal engineering and specialised cable manufacturer, engaged in the design and manufacture of customised temperature sensing solutions, electrical heating solutions and specialised cables. Its offerings are tailored to address each customer’s technical requirements.

Objectives of Tempsens Instruments (India) IPO

The company proposes to utilise the IPO proceeds for:

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

Industry Outlook

Industrial sensors play a critical role across a broad spectrum of industries by enabling real-time monitoring, control, and optimisation of operations. With the rapid advancement of industrial automation, stricter regulatory compliance, and a growing emphasis on predictive maintenance and safety, the global demand for intelligent sensing technologies is increasing significantly.

From 2019 to 2024, the global market expanded at a CAGR of 5%, growing from approximately USD 3.1 billion in 2019 to an estimated USD 4.0 billion in 2024. The market is forecast to grow from USD 4 billion in 2024 to USD 5.8 billion in 2029, translating to an approximate CAGR of 7.9%.

On the other hand, India’s temperature sensors and allied products market was valued at approximately ₹17.5 billion in Fiscal 2025 and is projected to reach ₹ 27.4 billion by Fiscal 2030E, growing at a CAGR of 9.4%.

Tempsens Instruments Company Information

Tempsens Instruments (India) is a thermal engineering and specialised cable manufacturer, engaged in the design and manufacture of customised temperature sensing solutions, electrical heating solutions and specialised cables. Its offerings are tailored to address each customer’s technical requirements.

By combining its technical expertise with a collaborative approach to customer relationships, the company delivers solutions that address complex thermal management and cable challenges across diverse industries. With strong sales and operations teams, the company is able to respond quickly to client needs, ensuring timely and effective delivery of its customised solutions.

Strengths of Tempsens Instruments

• Largest manufacturer of contact and non-contact temperature sensors in India in terms of revenue
• One of the largest manufacturers of electrical heaters in India
• Diversified business model with broad product portfolio, wide industry coverage, and balanced mix of projects and MRO revenue
• Established research and development capabilities enabling customised, critical solutions and innovation
• Global presence through strategic alliances, diverse customer base, export sales and strong long-standing customer relationships
• Integrated global operations featuring backward integration, digital traceability, and stringent quality control
• Operations led by the promoters and supported by an experienced management team driving long-term business growth

Risks of Tempsens Instruments

• Adverse changes in OEM and MRO businesses may materially and adversely affect results of operations
• Negative developments in end-user industries may materially affect business
• Significant volatility, increases, fluctuations, shortages, or delays in the supply of primary raw materials may adversely impact business
• Dependence on a little group of suppliers and absence of definitive supply agreements for raw materials may increase exposure to supply disruptions
• Significant concentration of manufacturing units at Udaipur in Rajasthan, India and operating risks at both domestic and international manufacturing units
• Reliance on subsidiaries / joint ventures for international market entry and product launches may expose to operational and strategic risks
• Ability to control and respond swiftly within joint ventures is constrained by the need for majority consent or unanimous consent or consent of joint venture
• Inability to maintain and protect brand and business reputation could adversely affect business, prospectus and financial performance
• The company may not be successful in implementing strategies, including increasing export sales and, expanding into newer geographies which may adversely affect business
• Any reduction in demand or loss of business from top 10 customers, even though the group may change year to year, may adversely impact business

Comparison with Peers

Tempsens Instruments (India) is a player in thermal engineering and cable solutions. Given its business model and diversified product portfolio, there are no directly listed companies in India or outside India which operate across all the segments/product categories as that of Tempsens.

Accordingly, there are no peer group companies listed in India which are in the same line of business as Tempsens.

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Managers

• IPO Registrar: KFin Technologies
• Book Running Lead Managers: ICICI Securities and JM Financial

Tempsens Instruments Business Model

Tempsens operates a diversified business model anchored by a broad portfolio of products, including temperature sensing solutions, electrical heating solutions and specialised cables. Its product offering expanded from seven categories in fiscal 2020 to 13 categories in three verticals during fiscal 2025, covering technologies such as contact and infrared temperature sensors, a range of specialised cables and conductors, electrical heaters, furnaces and calibrators amongst others.

In addition, the company supplies a broad range of OEMs, such as manufacturers in green energy, including wind, solar, fuel cells and battery storage as well as plastic injection moulding machine manufacturers, defence, aerospace companies and other advanced technology sectors.

Tempsens Instruments Growth Trajectory

The revenue from operations of Tempsens Instruments (India) grew from ₹236.943 crores in FY 23 to ₹378.526 crores in FY 25, while adjusted PAT margin increased from 13.85% in FY 23 to 16.36% in FY 25. The company’s EBITDA margin increased from 20.83% in FY 23 to 25.45% in FY 25.

During fiscals 2025, 2024 and 2023, the company’s export sales have shown substantial growth reflected by a notable CAGR of 39.85% between fiscal 2023 and 2025. A diversified business model along with established research and development capabilities have helped the company grow over the years.

Tempsens Instruments Market Position

According to the F&S Report, Tempsens Instruments (India) is the largest manufacturer of contact and non-contact temperature sensors in India in terms of revenue with a market share of approximately 10% in the temperature sensor segment during the year ended March 31, 2025. It’s also the only Indian manufacturer of non-contact temperature sensors and held approximately 18% market share during fiscal 2025.

From April 1, 2022 until March 31, 2025, the company served more than 345 unique customers. Also, it continues to build a broad global footprint with a focus on exports. Between April 1, 2022 and March 31, 2025, it exported its products to more than 75 countries, supported by its subsidiaries in India and the United Arab Emirates, penetrating markets across Asia Pacific, Africa & Middle East and North Africa, Europe, and North and South America.

How to Check Allotment Status of Tempsens Instruments (India) IPO?

Visit the Registrar’s Website

• Visit the official website of KFin Technologies
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’
• Click on any one of the appearing links
• Choose IPO name and enter either your application number, Demat account or PAN number
• Enter captcha and click on ‘Submit’ to know the status

Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of Tempsens Instruments (India) IPO. Go to the NSE website and find the ‘Invest’ tab. Click on ‘Verify IPO Bids’ under ‘Resources & Tools’.

On the NSE IPO bid verification page, enter:

• Company name from dropdown
• Application number
• PAN
  Then click ‘Submit’ to know the allotment status.

Check on BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investors’ tab. Under ‘Investors’, click on ‘IPO’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select ‘Equity’ from the dropdown menu
• Choose ‘Tempsens Instruments (India)’ in the next dropdown
• Enter your application number
• Enter your PAN
• Click ‘Search’ to know allotment status

How to Apply for the Tempsens Instruments (India) IPO?

To apply for this IPO:

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