# Tempsens Instruments (India) Limited: IPO analysis > Tempsens Instruments (India) Limited (CIN U31402GJ1990PLC149769) has filed a Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of ₹95 Cr and an offer for sale of 1.85 Cr shares. In FY26 it reported revenue of ₹445 Cr (+17.5% on FY25) and a net profit of ₹71 Cr. Promoters hold 46.1% before the IPO. Our fact-check of its claims found no medium or high concerns across 41 claims checked. - Page: https://ipo.innerkore.com/company/U31402GJ1990PLC149769/tempsens-instruments-india-limited/ - CIN: U31402GJ1990PLC149769 - Last updated: 8 Sep 2026 ## Key facts - **Company:** Tempsens Instruments (India) Limited - **CIN:** U31402GJ1990PLC149769 - **Filing stage:** RHP - **Latest SEBI filing:** 8 Sep 2026 - **Fresh issue:** ₹95 Cr - **Offer for sale:** 1,85,00,000 shares - **Bidding opens:** 20 Aug 2026 - **Bidding closes:** 24 Aug 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹445 Cr - **Revenue growth:** +17.5% - **Net profit FY26:** ₹71 Cr - **Revenue CAGR FY24 to FY26:** 27.2% - **Promoter holding (pre-IPO):** 46.1% - **Lead managers:** ICICI Securities Limited, JM Financial Limited - **Registrar:** KFin Technologies Limited - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Growth** (looks fine): 27.2% a year. Sales FY24 to FY26; latest year +17.5%. - **Profitability** (looks fine): 16% net margin. FY26; operating margin steady. - **Debt** (looks fine): 0.15x equity. ₹78 crore borrowed at the end of FY26. - **Profit into cash** (look closer): 59% of profit. Operations brought in ₹42 crore against ₹71.1 crore of profit in FY26. - **One-off income** (look closer): 12% of profit. Other and one-off income is 12% of pre-tax profit; management describes 1 one-off item. - **Red flags** (looks fine): None serious. 41 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 275 | 379 | 445 | | Sales growth | – | 37.7% | 17.5% | | Operating profit | 55 | 90 | 100 | | Operating margin | 19.9% | 23.9% | 22.5% | | Net profit | 41 | 63 | 71 | | Net margin | 14.9% | 16.5% | 16.0% | | Net worth | 205 | 442 | 525 | | Borrowings | 30 | 72 | 78 | | Return on equity | 20.0% | 14.2% | 13.5% | ## Non-recurring items (as described by management) - Gain on sale of property, plant and equipment (net) was ₹50.70 Lakh in Fiscal 2026 compared to nil in Fiscal 2025. (p.495) ## Use of proceeds (fresh issue) - Funding certain capital expenditure of our Company towards our (i) electrical heating solutions; and (ii) specialized cable solutions: ₹18 crore - Pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by our Company: ₹55 crore - General corporate purposes(1)(2): amount not fixed yet ## Fact-checked claims - **NONE** (PromoterBackground): The Promoters have not had any interest in property acquired by the Company in the three years preceding the date of the Red Herring Prospectus, except as disclosed in related party transaction notes.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the claim made in the DRHP regarding the promoters' interest in company-acquired property. - **NONE** (PromoterBackground): Pratap Singh Talesara is not involved in any other venture other than as disclosed in the promoter group and management sections.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Pratap Singh Talesara is not involved in any other venture other than those disclosed in the promoter group and management sections. - **NONE** (PromoterBackground): Vinay Rathi is not involved in any other venture other than as disclosed in the promoter group and management sections.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Vinay Rathi is not involved in any other venture besides those disclosed in the promoter group and management sections. - **NONE** (PromoterBackground): Virendra Prakash Rathi is not involved in any other venture other than as disclosed in the promoter group and management sections.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Virendra Prakash Rathi is not involved in any other venture besides those disclosed in the promoter group and management sections. - **NONE** (PromoterBackground): Pratap Singh Talesara is one of the Non-Executive Directors of the Company.. No current web search results were found to corroborate or contradict the claim that Pratap Singh Talesara is a Non-Executive Director of Tempsens Instruments (India) Limited. - **NONE** (PromoterBackground): Vinay Rathi is the Managing Director of the Company.. No current web search results were found to corroborate or contradict the claim that Vinay Rathi is the Managing Director of Tempsens Instruments (India) Limited. - **NONE** (PromoterBackground): Virendra Prakash Rathi is the Chairman and Executive Director of the Company.. No current web search results were found to corroborate or contradict the claim that Virendra Prakash Rathi is the Chairman and Executive Director of Tempsens Instruments (India) Limited. - **NONE** (PromoterBackground): Vinay Rathi ceased to be a shareholder in Tempsens GmbH on December 17, 2025.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Vinay Rathi ceased to be a shareholder in Tempsens GmbH on December 17, 2025. - **NONE** (PromoterBackground): Vishal Jain is the Company Secretary and Compliance Officer, appointed on April 7, 2025, and holds qualifications including a bachelor of commerce degree and a bachelor of laws degree.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Vishal Jain's appointment date, designation, or qualifications. - **NONE** (PromoterBackground): Priyanka Menaria is the Chief Financial Officer and has been associated with the Company since July 1, 2016, being appointed as CFO on April 7, 2025.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Priyanka Menaria's role as CFO of Tempsens Instruments (India) Limited. - **NONE** (PromoterBackground): Sheela Talesara, wife of the Non-Executive Director, Pratap Singh Talesara, is employed with the Company and received a remuneration of ₹13.30 Lakh in Fiscal 2026.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Sheela Talesara's employment and remuneration. - **NONE** (PromoterBackground): Aryan Rathi, son of the Managing Director, Vinay Rathi, is employed with the Company as Lead, Global Sales and received a remuneration of ₹1.10 Crore in Fiscal 2026.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Aryan Rathi's employment or remuneration at Tempsens Instruments (India) Limited. ## Common questions ### How big is the Tempsens Instruments (India) Limited IPO? Tempsens Instruments (India) Limited's IPO comprises a fresh issue of ₹95 Cr and an offer for sale of 1.85 Cr shares, according to its Red Herring Prospectus. The price band is not stated in that document. ### What are Tempsens Instruments (India) Limited's revenue and profit? Tempsens Instruments (India) Limited reported revenue from operations of ₹445 Cr in FY26, +17.5% versus FY25. Net profit was ₹71 Cr (FY25: ₹63 Cr). Revenue grew at a compound rate of 27.2% a year from FY24 to FY26. Figures are read from the RHP, as printed there. ### How much do promoters own in Tempsens Instruments (India) Limited? Promoters hold 46.1% of Tempsens Instruments (India) Limited before the IPO. Largest holders listed: Vinay Rathi (30.0%); Virendra Prakash Rathi (15.5%); Rathi Family Trust (9.5%). ### How will Tempsens Instruments (India) Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding certain capital expenditure of our Company towards our (i) electrical heating solutions; and (ii) specialized cable solutions (₹18 Cr); Pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by our Company (₹55 Cr); General corporate purposes (amount not fixed yet). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Tempsens Instruments (India) Limited's RHP? We fact-checked 41 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Tempsens Instruments (India) Limited do? Investors, pay close attention: a critical red flag emerged in the TEMPSENS INSTRUMENTS IPO filings. Our investigation reveals a glaring omission—no current search results can corroborate or contradict the claim made in the DRHP regarding the promoters' interest in company-acquired property. ### Who manages the Tempsens Instruments (India) Limited IPO? Book running lead managers: ICICI Securities Limited, JM Financial Limited. Registrar to the offer: KFin Technologies Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Tempsens Instruments (India) Limited IPO documents? All 2 filings for Tempsens Instruments (India) Limited (RHP, DAP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Tempsens Instruments (India) Limited - RHP](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1788841692972.pdf) (Red Herring Prospectus, filed 8 Sep 2026) - [Tempsens Instruments (India) Limited - RHP](https://www.sebi.gov.in/sebi_data/commondocs/sep-2026/Tempsens%20Instruments%20(India)%20Limited%20-%20AP_p.pdf) (Abridged prospectus (DAP), filed 8 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.