Tempsens Instruments IPO saw strong investor demand, with the issue subscribed 21.66 times by Day 2, while the latest grey market premium (GMP) indicated a potential 105% listing premium. The Rs 650-crore IPO closes on August 24, with Anand Rathi assigning a “Subscribe: Long Term” rating despite the issue appearing fully valued at the upper price band.
Tempsens Instruments IPO saw strong investor demand, with the issue subscribed 21.66 times by Day 2, while the latest grey market premium (GMP) indicated a potential 105% listing premium. The Rs 650-crore IPO closes on August 24, with Anand Rathi assigning a “Subscribe: Long Term” rating despite the issue appearing fully valued at the upper price band.
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