Tempsens Instruments (India) IPO
The Tempsens Instruments India IPO is a book‑built issue of shares that comprises the fresh issue and an offer for sale. The company filed its DRHP with the SEBI on September 29, 2025. The IPO comprises a fresh issue aggregating ₹118 crores and an offer for sale of 17,925,071 equity shares of ₹4 each. IPO Proceeds from the fresh issue will go to the company, while OFS proceeds will go to selling shareholders.
The shares are to be listed on the BSE and NSE platforms. The BRLM for this company is ICICI Securities Ltd. and JM Financial Ltd. to the issue, while KFin Technologies Ltd. is the Registrar to the Offer.
Company Background
Tempsens Instruments India Ltd., incorporated on September 14, 1990, in Udaipur. The company is headquartered in Vadodara, Gujarat, with its primary corporate and manufacturing hub located in the Madri Industrial Area of Udaipur.
After 30+ years of working in the market, this company finally became a public entity in August 2025 and started working under the name of Tempsens Instruments India Ltd. From the very beginning, they have been a specialised sensor manufacturer that lately evolved into a comprehensive thermal solution provider, expanding its reach through subsidiaries in Germany, Indonesia and the UAE.
Operations & Product Range
Their operations are in the field of thermal engineering, which is essential for industries requiring precise temperature monitoring and control. Its manufacturing processes involve high-precision engineering to produce sensors that can withstand extreme industrial environments.
The product range they manufacture is extensive, as it includes thermocouples, Resistance Temperature Detectors (RTDs), thermowells and specialised heating elements. They also provide industrial cables and furnaces. The solutions they provide are highly critical for large-scale operations for some sectors like petrochemicals, glass manufacturing and power plants, where even a slight temperature variation can impact the entire production line.
Facilities & Capacity
Tempsens Instruments India operates 5 manufacturing units located in Udaipur, Rajasthan. These facilities are specialized by product line; for instance, Unit V is dedicated to the manufacturing and assembly of heaters and heating elements. As of June 30, 2025, Unit V had an annual installed capacity of 420,000 units of heaters and 18,000 units of heating elements.
Tempsens Instruments India Ltd. is great at planning, as it intends to use part of the IPO proceeds to expand its existing Udaipur facilities and also to set up a new manufacturing plant in Germany through its subsidiary, Tempsens Instruments GmbH. This move aims to strengthen its service capabilities in the European market.
Brands & Market Presence
The "Tempsens" brand is well-regarded in the industrial instrumentation space for its focus on quality and precision. The company has a strong domestic presence and a growing international footprint, exporting its products to over 70 countries.
In terms of market exposure, they have managed a healthy balance between Indian and international revenues. For the financial year 2025, domestic sales accounted for approx 73.30% of its revenue, while exports contributed about 26.70%. The company holds various international certifications, including ISO 9001 and CE marking, which are essential for serving global industrial clients.
Revenue Streams & Business Model
The primary revenue stream for the company is the sale of manufactured thermal products and sensors. The business model is primarily B2B, involving direct sales to large industrial projects and recurring replacement orders from existing plants.
The company’s financial performance has shown consistent growth. For the financial year ending March 31, 2025, the company reported total revenue of ₹4,964.91 million, up from ₹3,654.50 million in Fiscal 2024 and ₹3,025.10 million in Fiscal 2023. Profitability has also improved, with the profit after tax reaching ₹621.84 million in Fiscal 2025 compared to ₹412.30 million in the previous year.
Management & Shareholding
Promoters & Shareholding
The promoters of the company are Virendra Prakash Rathi, Vinay Rathi and Pratap Singh Talesara, seasoned professionals with years of experience in the engineering industry. Before the Tempsens Instruments India IPO, the promoters and the promoter group held a 78.41% stake in the company. While the IPO involves an offer for sale by certain members of the promoter group, the core promoters will continue to lead the company post-listing.
Board & Key Management
The board & key management of Tempsens Instruments India Ltd. are led by Virendra Prakash Rathi, who serves as the Chairman and Executive Director. Vinay Rathi is the Managing Director and the board includes other experienced directors like Pratap Singh Talesara and Sonal Rathi. The management also has some independent directors, such as Deepak Kabra and Dr. Ravi Kumar, ensuring a balance of technical expertise and corporate governance.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Tempsens Instruments (India) IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Tempsens Instruments (India) IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹4 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Issue and Offer for Sale (OFS) |
| Total Issue Size | (aggregating up to ₹118 Cr + OFS value) |
| Fresh Issue(Ex Market Maker) | Up to ₹118.00 Cr |
| Offer for Sale | Up to 1,79,25,071 Equity Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,06,66,025 shares |
| Share Holding Post Issue | - |
Tempsens Instruments (India) IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | 5:00 p.m. on the Bid/Offer Closing Date |
Tempsens Instruments (India) IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | - | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | - | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | - | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | - | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
Tempsens Instruments (India) IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 82% |
| Promoter Holding Post Issue | [.] |
Competitive Strength:
- • Global Manufacturing Presence with strategic production facilities in India, Germany, and Indonesia, supplying customized thermal solutions to 75+ countries.
- • Global Manufacturing Presence with strategic production facilities in India, Germany, and Indonesia, supplying customized thermal solutions to 75+ countries.
Tempsens Instruments (India) IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 551.28 | 382.47 | 62.56 | 430.63 | 427.25 | 71.83 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 271.14 | 278.04 | 40.92 | 180.61 | 202.98 | 30.13 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 213.61 | 239.98 | 33.23 | 139.84 | 154.88 | 26.45 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.08% |
| ROCE | 23.08% |
| Debt/Equity | 0.16x |
| RoNW | 14.06% |
| PAT Margin | 16.36% |
| EBITDA Margin | 25.45% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ₹8.74 (Restated Basic) | [.] |
| P/E (x) | [.] | [.] |
Tempsens Instruments IPO Objectives
Tempsens Instruments India IPO has already planned how they want to use the capital raised. Key objectives are:
- • Expansion of the existing manufacturing facility in Udaipur.
- • Investment in the German subsidiary to set up a local manufacturing unit.
- • Debt Reduction, which will help reduce interest costs.
- • General Corporate Purposes
Conclusion
Tempsens Instruments India IPO represents a niche play in the thermal engineering sector with a long track record of over 30 years. The company’s consistent financial growth, coupled with its strategy to establish manufacturing bases in both India and Europe, highlights its focus on scaling its global market share.
While the Tempsens Instruments India IPO provides an exit to some existing investors, the primary focus of the fresh issue remains on capacity building and debt reduction. As the industrial landscape continues to demand higher precision and efficiency, the company's established position in the thermal sensor market will be a key factor in its future execution.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 29-09-2025 | View DRHP |
| 2 | SEBI/Exchange approval received | 26-12-2025 | - |
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Frequently asked Questions (FAQs )
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What is the total size of the Tempsens Instruments India Limited IPO?
The IPO consists of a Fresh Issue worth ₹1,180.00 million and an Offer for Sale of up to 17,925,071 equity shares.
-
Where are the company's manufacturing units located?
The company currently operates five manufacturing facilities, all of which are situated in Udaipur, Rajasthan.
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How does the company plan to use the IPO proceeds?
The funds from the Tempsens Instruments India Limited IPO will be used to expand the Udaipur plant, set up a new factory in Germany, and repay existing debt.
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Who are the lead managers for this IPO?
The Book Running Lead Managers are ICICI Securities Limited and JM Financial Limited.
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Does the company have a presence outside of India?
Yes, the company exports to more than 70 countries and has established subsidiaries in Germany, Indonesia, and the UAE.
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Is there an employee reservation in the Tempsens Instruments India Limited IPO?
Yes, the offer includes a reservation for eligible employees, not exceeding 5% of the post-offer paid-up equity share capital.
