By Wealthova | Last Updated: August 18, 2026
Tempsens Instruments (India) Limited, a leading Indian thermal engineering and specialized cable manufacturer established in 1990, is gearing up to make its primary market debut with an upcoming ₹650.00 Crore mainboard IPO. Operating as the largest manufacturer of contact and non-contact temperature sensors in India, the company specializes in the design and manufacture of customized temperature sensing solutions, electrical heating solutions, and specialized cables. The subscription window for this book-built issue opens on August 20 and closes on August 24, 2026. The price band is set between ₹285 to ₹300 per equity share, comprising a fresh issue of ₹95.00 Crore (31,66,666 shares) and an Offer for Sale (OFS) of ₹555.00 Crore (1,85,00,000 shares). The company plans to utilize the fresh capital primarily for funding capital expenditure for electrical heating and specialized cable solutions, the pre-payment or repayment of outstanding borrowings, alongside general corporate purposes. Set to list on both the BSE and NSE platforms, market participants are closely watching this precision thermal engineering stock. Below, we break down the financial health, risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
August 20, 2026
August 24, 2026
₹285 to ₹300
50 Shares
(Min. 1 Lot for Retail)₹650.00 Cr
₹95.00 Cr
35% Allocation
₹4 Base
Mainboard (BSE, NSE)
Incorporated in 1990, Tempsens Instruments (India) Limited has evolved from a specialized sensor manufacturer into a comprehensive thermal engineering and specialized cable provider. Today, they hold a dominant position as the largest manufacturer of contact and non-contact temperature sensors in India. Operating primarily out of five specialized manufacturing units in Udaipur, Rajasthan, the company has aggressively expanded its global footprint. They have established subsidiaries in Germany, Indonesia, and the UAE, serving over 1,000 unique clients across more than 80 export nations.
Their highly critical product portfolio is divided into three core segments:
Diverse Industrial Reach: Because even a slight temperature variation can cause catastrophic failures or severe quality issues in large-scale manufacturing, Tempsens’ products are considered mission-critical. They provide tailor-made engineering solutions to heavy-duty sectors including Steel, Petrochemicals, Defence & Nuclear, Power Generation, Glass Manufacturing, Plastics, Pharmaceuticals, and Cement.
The ₹650.00 Crore IPO is a combination of a ₹95.00 Crore Fresh Issue (capital that goes directly into the company’s accounts to fund growth) and a massive ₹555.00 Crore Offer for Sale (OFS) (proceeds that go directly to exiting or diluting promoter shareholders, such as Amit Talesara).
Tempsens intends to strategically deploy the net proceeds from the Fresh Issue towards the following key objectives:
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹278.04 | ₹180.61 | ₹40.92 | ₹271.14 |
| FY 2025 | ₹382.47 | ₹430.63 | ₹62.56 | ₹551.28 |
| FY 2026 | ₹455.86 | ₹496.89 | ₹71.07 | ₹661.05 |
| Financial KPI (FY26)* | Value |
|---|---|
| Return on Equity (ROE) | 13.54% (FY26) |
| Return on Capital Employed (ROCE) | 21.61% (FY26) |
| EBITDA Margin | 24.83% (FY26) |
| PAT Margin | 15.59% (FY26) |
| Debt to Equity Ratio | 0.15 (FY26) |
| Return on Net Worth (RoNW) | 13.54% (FY26) |
| Earnings Per Share (EPS) | ₹8.81 (Pre-IPO) | ₹8.48 (Post-IPO) |
| Price/Earning (P/E) Ratio | 34.05x (Pre-IPO) | 35.38x (Post-IPO) |
| Net Asset Value (NAV) | ₹61.66 (Pre-IPO) |
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 80.51% | 65.67% |
| Public / Institutional / Others | 19.49% | 34.33% |
Tempsens Instruments (India) Limited is promoted by Virendra Prakash Rathi, Vinay Rathi, and Pratap Singh Talesara. Post-issue, the promoter group will retain a strong majority stake of 65.67%. The IPO comprises a ₹650.00 Crore issue, including a ₹95.00 Crore fresh issue to fund targeted CapEx and debt reduction, alongside a massive ₹555.00 Crore Offer for Sale (OFS). The significant retained promoter holding indicates continuing confidence from the founders in their thermal engineering business.
| Company Name | Basic EPS (₹) | P/E Ratio | RoNW (%) |
|---|---|---|---|
| Tempsens Instruments (India) Ltd | 8.81 | 34.05 | 13.54% |
| *According to the official RHP filing, there are currently no directly listed companies in India or internationally that operate across all the segments and product categories as Tempsens Instruments. | |||
Tempsens Instruments (India) Limited brings a high-barrier, precision engineering profile to the mainboard with undisputed leadership as India’s largest temperature sensor manufacturer. Financially, the company operates with exceptional discipline—delivering FY26 revenue of ₹455.86 Crore, robust EBITDA margins of 24.83%, and a net profit of ₹71.07 Crore alongside a healthy 21.61% ROCE and a clean debt-to-equity ratio of just 0.15. The mission-critical nature of its custom thermal sensing, electrical heating, and cabling solutions creates high customer switching costs across 80+ export markets and heavy industries like steel, power, and nuclear. However, investors must weigh two key factors: first, the issue is heavily OFS-driven (₹555 Crore OFS out of ₹650 Crore total), meaning only ₹95 Crore enters the business for expansion and debt clearance. Second, at a post-IPO P/E multiple of approximately 35.38x at the upper band of ₹300, the stock is fairly valued with limited room for aggressive listing-day pop. For fundamental investors seeking quality exposure to industrial automation, thermal engineering, and import substitution over a multi-year horizon, Tempsens represents a high-quality compounder.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and retail equities are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
KFin Technologies Limited
Selenium Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, India
Phone: +91-40-6716-2222
Email: tempsens.ipo@kfintech.com
Website: kfintech.com
|
| 🏢 Company Contact |
Tempsens Instruments (India) Limited
TF-304, Florence Classic, 10, Ashapuri Society, Akota, Vadodara – 390020, Gujarat, India
Phone: +91-29-4294-3092
Email: compliance@tempsens.com
Website: tempsens.com
|
| 💼 Merchant Bankers |
ICICI Securities & JM Financial
Book Running Lead Managers
Phone: +91-22-6807-7100
Email: tempsens.ipo@icicisecurities.com
Website: icicisecurities.com
|