Tempsens IPO sees 100% subscription in 60 minutes; GMP signals 73% gain
The ₹650-crore initial public offering from Tempsens Instruments (India) launched on Thursday, hitting full subscription just one hour into the bidding process. Prior to the launch, the grey market premium (GMP) was recorded at ₹220, suggesting a potential listing profit of around 73% based on the ₹300 upper price limit. The public issue includes both a fresh equity offering and an offer-for-sale component.
by shortkt.com✓