The Economic Times

Tempsens Instruments IPO Day 3: GMP at 105%, subscription hits 21.66x. Should you subscribe?

Tempsens Instruments IPO saw strong investor demand, with the issue subscribed 21.66 times by Day 2, while the latest grey market premium (GMP) indicated a potential 105% listing premium. The Rs 650-crore IPO closes on August 24, with Anand Rathi assigning a Subscribe: Long Term rating despite the issue appearing fully valued at the upper price band.