Tempsens Instruments shares decline post-IPO as investors take profits

Newly listed Tempsens Instruments saw its stock price drop over 4% as early investors sold holdings to lock in gains following a highly successful initial public offering debut.

31 Aug, 05:51 — 31 Aug, 05:51

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economic-times16h ago

Tempsens Instruments shares slide over 4% on profit booking after record listing

Tempsens Instruments shares fell over 4% on Monday as investors booked profits after the stock’s blockbuster debut on Friday. The shares had listed at a premium of more than 111% over the IPO price following strong demand for the Rs 650-crore issue, which was subscribed 184 times during the bidding period.

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Tempsens Instruments shares decline post-IPO as investors take profits

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Tempsens Instruments shares slide over 4% on profit booking after record listing

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