Search

Cookies

We use cookies to improve your experience. By continuing, you accept our use of cookies.

  • Home
  • Business
  • Tempsens IPO Allotment: High GMP Signals 'Multibagger' Listing, Low Odds, How to Check Status

Business

Tempsens IPO Allotment: High GMP Signals 'Multibagger' Listing, Low Odds, How to Check Status

· · 3 min read

Tempsens Instruments' Rs 650 crore IPO saw overwhelming demand, with its grey market premium hinting at a potential 'multibagger' listing. Allotment odds are below 2%; here's how to check your application status.

Tempsens Instruments (India) is set to finalize the basis of allotment for its highly anticipated Initial Public Offering (IPO) today, Tuesday, August 25. The Rs 650-crore IPO, which was open for subscription from August 20-24 with a price band of Rs 285-300 per share, witnessed extraordinary investor interest.

The public issue garnered an overall subscription of 184.07 times, attracting nearly 75.2 lakh applications and bids worth approximately Rs 83,900 crore. This robust demand has fueled speculation of a strong market debut, with its grey market premium (GMP) indicating a potential 'multibagger' listing.

Stellar Subscription & Allotment Odds

The subscription figures highlight intense competition for shares. The Qualified Institutional Buyers (QIB) portion was subscribed a remarkable 302.88 times, while Non-Institutional Investors (NIIs) bid 314.44 times their allocated shares. Retail investors showed significant interest, subscribing 60.69 times their quota, and the employee portion was booked over 124.95 times.

Given the overwhelming demand, the probability of receiving an allotment is notably low:

  • Big HNI category (bNII): Approximately 1.52 percent (2 out of 131 investors)
  • Small HNI category (sNII): Roughly 0.39 percent (1 out of 258 investors)
  • Retail category: Around 2.17 percent (1 out of 46 investors)

Grey Market Premium Hints at Strong Listing

Despite a slight correction from its peak, the Grey Market Premium (GMP) for Tempsens Instruments IPO remains robust. Latest reports indicate a GMP of Rs 300-310 per share, suggesting an upside potential of 100-104 percent over the issue price. This strong GMP reinforces expectations of a significant listing gain for successful allottees.

How to Check Your Tempsens IPO Allotment Status

Investors who applied for the Tempsens Instruments IPO can check their allotment status through three primary methods:

1. Via the Registrar's Website (Kfin Technologies)

Kfin Technologies Ltd is the official registrar for the Tempsens Instruments IPO. To check your status:

  1. Visit the Kfin Technologies IPO allotment portal.
  2. Select the Tempsens Instruments (India) IPO from the dropdown menu (it will appear once allotment is finalized).
  3. Choose one of three modes: Application Number, Demat Account Number, or PAN ID.
  4. Specify your application type (ASBA or non-ASBA).
  5. Enter the required details for your chosen mode.
  6. Complete the security captcha.
  7. Click 'Submit' to view your status.

2. Through the NSE Website

  1. Go to NSE's IPO allotment status page.
  2. Select 'Equity & SME IPO Bid details'.
  3. Under 'Select Symbol', choose 'TEMPSENS'.
  4. Enter your PAN Number and Application Number.
  5. Click 'Submit'.

3. On the BSE Website

  1. Navigate to BSE's IPO allotment page.
  2. Under 'Issue Type', select 'Equity'.
  3. From the 'Issue Name' dropdown, choose 'Tempsens Instruments (India) Limited'.
  4. Input your Application Number.
  5. Add your PAN card ID.
  6. Click 'I am not a Robot' and then 'Search'.

Refunds for unsuccessful bids are expected to be processed by Thursday, August 27, while the shares of Tempsens Instruments (India) are scheduled to be listed on both the BSE and NSE on Friday, August 28.

Related