Tempsens Instruments' ₹650 crore IPO opens today; GMP signals up to 62% listing premium

Tempsens Instruments' ₹650 crore IPO opens on August 20 for subscription, closing on August 24.

The company raised ₹194.5 crore from anchor investors on August 19, allotting 64.84 lakh equity shares.

The IPO has a grey market premium of up to 62%, but investors should note that GMP is an unofficial indicator.

Tempsens plans to raise ₹95 crore for capital expenditure and debt repayment, with the remaining for general corporate purposes.