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The Economic Times

Ritesh Presswala

Tempsens Instruments IPO: Day 2 subscribed 5.94 times, GMP at 90%. Should you subscribe?

Tempsens Instruments GMP IPO Anand Rathi

The Tempsens Instruments IPO entered its second day of bidding amid strong investor demand. With the issue commanding a reported grey market premium (GMP) of 90%, investors are closely watching the offering for significant listing gains.

On Day 2, the IPO was subscribed 5.94 times against 1.51 crore shares on offer. Retail investors showed even stronger interest, with their portion subscribed 6.46 times against the 75.65 lakh shares reserved for the segment.

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