Business · India Bureau
Tempsens Instruments IPO surges with 132x subscription on final day
The ₹650-crore public offering of Tempsens Instruments has attracted overwhelming investor demand, with grey market premiums indicating strong sentiment ahead of today's bidding deadline.
LSN India ·
Tempsens Instruments' initial public offering has generated exceptional investor interest, with the issue receiving a subscription multiple of 132 times on its final day of bidding. The ₹650-crore offering, which commenced on August 20, closes today with investors able to place bids until 5 pm.
Grey market premiums for the shares are currently trading at 107 per cent above the issue price, reflecting optimistic market expectations for the company's listing. Such premiums typically indicate strong demand among retail and institutional investors ahead of formal exchange listing.
The strong subscription levels underscore investor confidence in Tempsens Instruments' business fundamentals and growth prospects. The company's IPO has drawn participation from both institutional and retail segments of the market.
With bidding set to conclude today, the final subscription numbers and allotment process will determine the actual number of shares allocated to successful bidders across various investor categories. The listing is expected to follow shortly after the conclusion of the bidding period.