Tempsens Instruments IPO GMP shows 100% gains, have you got shares? Check allotment status

Tempsens Instruments IPO allotment is due on August 25 after the issue was subscribed 184.22 times. The ₹317 grey market premium has lifted expectations of a strong listing, though actual gains remain uncertain.

In Short

• Tempsens IPO subscribed 184 times, closed on August 24
• Grey market premium indicates 105% listing gain
• Shares to credit on August 27, listing on August 28

The Tempsens Instruments IPO saw a massive bidding frenzy before it closed on August 24, with the 650-crore issue receiving bids for more than 184 times the shares on offer. Now, investors are waiting for the next crucial update: the Tempsens Instruments IPO allotment.

The allotment is expected to be finalised today, August 25.

For those who do receive shares, the grey market is currently pointing to a potentially bumper listing gain, with the latest Tempsens Instruments IPO GMP suggesting an estimated gain of more than 100%.

TEMPSENS INSTRUMENTS IPO GMP TODAY

The latest Tempsens Instruments IPO GMP stands at 317 per share as of 8:28 am on August 25.

The IPO had a price band of 285-300 per share. At the upper price band of 300, adding the current GMP of 317 gives an estimated listing price of 617 per share.

That translates into an indicative gain of 105.67% over the IPO price.

However, GMP is an unofficial indicator and does not guarantee the actual listing price. The stock could list at a price higher or lower than the GMP-implied estimate.

The scale of demand for the IPO has made allotment particularly difficult.

The Tempsens Instruments IPO was subscribed 184.22 times overall by the time bidding closed on August 24.

The category-wise subscription was:

Retail investors: 61 timesQIBs, excluding anchor investors: 302.88 timesNIIs: 314.44 timesOverall subscription: 184.22 times

The NII category saw the highest subscription, followed by the QIB portion. Even the retail portion received bids for 61 times the shares reserved for the category.

With demand so much higher than the number of shares available, applicants should not assume that submitting an application means they will receive shares.

HOW TO CHECK TEMPSENS INSTRUMENTS IPO ALLOTMENT STATUS

Tempsens Instruments IPO allotment status can be checked online through KFin Technologies, the registrar to the issue, or through the stock exchanges.

HOW TO CHECK TEMPSENS IPO ALLOTMENT ON KFIN TECHNOLOGIES

KFin Technologies is the registrar for the Tempsens Instruments IPO.

Step 1: Go to the KFin Technologies IPO allotment status page.

Step 2: Select Tempsens Instruments from the list of IPOs.

Step 3: Choose the relevant option to check your application, such as PAN or application number.

Step 4: Enter your PAN or application number.

Step 5: Enter the captcha, if required.

Step 6: Click on the submit/search option.

Your Tempsens Instruments IPO allotment status should appear on the screen.

HOW TO CHECK TEMPSENS IPO ALLOTMENT ON BSE

Investors can also check their allotment status through the BSE website.

Step 1: Visit the BSE IPO application status page.

Step 2: Select Equity as the issue type.

Step 3: Select Tempsens Instruments from the list of issues.

Step 4: Enter your application number or PAN.

Step 5: Complete the captcha.

Step 6: Click on the search option to see the status.

HOW TO CHECK TEMPSENS IPO ALLOTMENT ON NSE

Investors can also check their application details through the NSE's IPO bid-verification facility.

Step 1: Visit the NSE IPO bid verification page.

Step 2: Select the relevant option for IPO bid details.

Step 3: Select Tempsens Instruments.

Step 4: Enter the required details, including PAN and application number where applicable.

Step 5: Submit the information to check your application status.

HOW MUCH PROFIT CAN YOU MAKE FROM ONE LOT?

This is perhaps the biggest question for investors who applied for the IPO.

The minimum retail application was for one lot of 50 shares. At the upper price band of Rs 300, one lot cost Rs 15,000.

If the stock actually lists at the GMP-implied price of Rs 617, those 50 shares would be worth:

50 Rs 617 = Rs 30,850

The implied profit would therefore be:

Rs 30,850 - Rs15,000 = Rs15,850

So, if the current GMP translates into the actual listing price, an investor who gets just one lot could see a notional listing gain of around Rs 15,850.

That is equivalent to a gain of about 105.67% on the Rs 15,000 investment.

But this is only an estimate based on the current grey market premium. Investors should not treat Rs 15,850 as a guaranteed profit. The actual listing price will depend on market demand and supply when Tempsens Instruments starts trading on the NSE and BSE.

If shares are allotted, they are expected to be credited to investors' demat accounts on August 27.

For investors who do not receive an allotment, the amount blocked for the IPO is expected to be released around the same time.

The Tempsens Instruments shares are scheduled to list on both the NSE and BSE on August 28.

TEMPSENS INSTRUMENTS IPO LISTING DATE AND KEY DETAILS

The IPO opened for subscription on August 20 and closed on August 24.

The 650-crore issue comprised a fresh issue of 95 crore and an offer for sale of 555 crore.

The price band was fixed at 285-300 per share, while the lot size was 50 shares. At the upper price band, the minimum retail investment was 15,000.

ICICI Securities was the book-running lead manager and KFin Technologies was the registrar to the issue.

(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)

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