Tempsens Instruments’ initial public offering (IPO) receives strong subscription, with bids significantly exceeding shares on offer. One outlet reports the issue is subscribed 144x on Day 3, with non-institutional investors (NIIs) driving demand and some higher-ticket retail categories seeing even higher subscription levels. The IPO is valued at about Rs 650 crore.
Another outlet reports the IPO is subscribed around 184 times, citing NSE figures that show bidders submit orders for about 27,94,45,9050 shares against roughly 15,18,16,667 shares offered. Both accounts agree that NIIs are the main source of demand, though the reported subscription multiples differ depending on the timing and the specific subscription measure referenced in each report.
Overall, the coverage focuses on the level of oversubscription and the investor segment leading the bids, with figures drawn from exchange-reported data available around the IPO’s bidding period.
