Tempsens Instruments IPO Grey Market Premium Surges Over 100 Percent
· Business · Economic Times, LiveMint, NDTV Profit
Tempsens Instruments India has recorded a grey market premium of ₹301, marking a 102% increase over its IPO price of ₹300 per share in Mumbai. The company is raising approximately ₹650 crore through its public offering, which closed on August 24. On its second day of bidding, the issue was subscribed nearly 22 times overall, with the non-institutional investor portion seeing 53 times subscription. This makes Tempsens Instruments the first IPO in nearly two years to cross a 100% grey market premium milestone, following similar surges by Mamata Machinery and Bajaj Housing Finance in late 2024.
Why it matters
Strong investor subscription and high grey market premiums signal a revival in primary market appetite following a period of muted mainboard listings.
Read the original report — Economic Times
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