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The Economic Times

Debaroti Adhikary

Tempsens Instruments' Rs 650 crore IPO opens on August 20, price band fixed at Rs 285-300 per share

Tempsens Instruments IPO India

Rajasthan-based Tempsens Instruments, which is India’s largest manufacturer of contact and non-contact temperature sensors, is all set to launch its initial public offering (IPO) on August 20 to raise Rs 650 crore at a price band of Rs 285-300 per share.

The company is raising Rs 95 crore through a fresh issue of shares, while Amit Talesara, Puneet Talesara, Chandra Prakash Talesara and the other selling shareholders will sell 1.85 crore equity shares worth Rs 555 crore through an offer for sale (OFS). This takes the total IPO size to around Rs 650 crore.

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