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Tempsens Instruments IPO grey market premium has surged 100 percent. This marks the first IPO to cross this milestone in nearly two years. The IPO was subscribed nearly 22 times on its second day. Other upcoming IPOs also show strengthening grey market premiums. Investor appetite for new share sales appears to be reviving. View More
Mumbai: Tempsens Instruments India's grey market premium ( GMP ) has surged 100%, making it the first IPO in nearly two years to cross the mark, as investor appetite for new share sales appears to be reviving after a string of muted mainboard listings in 2025 and 2026. The stock is currently commanding a GMP of ₹301 in the unofficial market, implying a premium of 102% over its IPO price of ₹300 a share. Tempsens Instruments, which is raising around ₹650 crore through its IPO, was subscribed nearly 22 times on Friday, the second day of the issue. The IPO closes on August 24. GMP is the additional amount over the IPO price that investors are willing to pay for shares before their listing on the stock exchange. Before the stock debuts on the exchange, it is traded informally in the grey market based on mutual trust between traders. The GMP is the difference between the price at which the stock trades in the grey market and its IPO issue price. The last IPO to record a GMP of more than 100% was Mamata Machinery in December 2024. Before that, KRN Heat Exchanger and Refrigeration and Bajaj Housing Finance had seen GMPs of around 100% in September 2024. Read more: Pride Hotels steps up expansion, plans Rs 1,000-cr IPO by December Live Events Tempsens' non-institutional investor ( NII ) portion was subscribed around 53 times, while the qualified institutional buyer (QIB) portion saw 3.31 times subscription. The retail portion was subscribed nearly 19 times. The grey market premium indicates market sentiment towards an IPO based on demand-supply dynamics. Robust demand for an IPO tends to result in a higher GMP, indicating potential upside on listing. GMPs for several other upcoming and recently launched IPOs have also strengthened. Lumino Industries, which is set to open for subscription next week, is commanding a GMP of around 62% over its issue price. Augmont Enterprises and Hy-Tech Engineers are both trading at premiums of around 50%. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house. View More
Pune residents can register leave and licence agreements online through the IGR portal. The process covers property and party details, agreement drafting, online payment, biometric verification and final registration with the sub-registrar’s office. View More
The National Tribunal Commission that came into existence with the passage of the Bill formalizes the tribunal system, but its architecture still has shortcomings. These need to be addressed. Gaps remain that need filling. View More
Should you buy a home or continue renting? Real estate developer Niranjan Hiranandani shared his view on home ownership, capital creation and construction quality during an episode of Figuring Out with Raj Shamani. View More
The latest figures show the UK labor market is faltering, with job vacancies reaching a five-year low. Inflation rates have intensified, fueled by soaring energy prices. Across the euro area, business activity showed modest growth, though France's economy continues to struggle. View More
The UK labor market continued to weaken last month and inflationary pressures mounted on higher energy costs. In the euro area, private-sector business activity expanded modestly even as a gauge of the French economy sank deeper into contraction territory. Economic growth in Japan disappointed as capital spending declined. Meanwhile, US public debt outstanding topped $40 trillion for the first time, while a lack of urgency from lawmakers to tackle a yawning fiscal deficit helps explain at least some of the recent increase in Treasury yields. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics: Europe Live Events Bloomberg UK employers shed more workers in July and job vacancies hit a fresh five-year low as demand for staff remained tepid in the face of heightened uncertainty from events at home and abroad. Job vacancies dropped further to 707,000 in the May to July period, the lowest since 2021. Bloomberg UK inflation accelerated in July after energy bills surged, ending a short period of respite for hard-pressed British households. Consumer prices rose 2.9% from a year earlier, up from a 15-month low of 2.6% in June. The jump largely reflects a 13% rise in the price cap that sets household energy bills. Services inflation, a gauge of domestic pressures watched by the Bank of England , cooled to 3.4% from 3.6% with airfares driving the decline. Bloomberg Private-sector activity in the euro area unexpectedly improved slightly in August, thanks to the strongest manufacturing growth in more than four years. Still, the region’s two largest economies both fell short of estimates. While Germany stayed well above the growth threshold, France sank deeper into contraction. Bloomberg Sweden’s central bank held borrowing costs steady for a twelfth month and repeated it’s ready to tighten policy this year if the Iran war triggers a pickup in inflation. The Riksbank kept its key interest rate on Thursday at 1.75%, the lowest level in the European Union. US Bloomberg Total US public debt surpassed $40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits. The news on Wednesday came hours after Treasury Secretary Scott Bessent made a fresh attempt to rein in long-term borrowing costs from multi-year highs — a notable component of the growth in debt. The Treasury said it’s ramping up a buyback program for longer-dated securities, in an announcement that sent yields lower. Bloomberg New home construction in the US declined in July as single-family starts slid to the slowest pace since 2022. The slide in starts points to a housing market that has struggled to gain momentum against a backdrop of higher mortgage rates and elevated home prices. Asia Bloomberg Japan’s economic growth unexpectedly slowed in the three months through June, a result that may complicate the Bank of Japan’s policy communications as it weighs the timing of its next rate increase. Bloomberg Japan’s budget requests for next year are set to hit a record that may overstate the pace of fiscal expansion, as Prime Minister Sanae Takaichi seeks to pack more spending into the initial plan rather than leaning on supplementary budgets later in the year. Bloomberg China is doubling down on a targeted program that’s tapping fiscal resources to drive borrowing by businesses and consumers, with new measures set for launch in the rest of the year as economic growth veers below the government’s annual target. Emerging Markets Bloomberg President Javier Milei lowered inflation and poverty in Argentina, while eliminating its budget deficit. But the nation’s labor market is still mired in the crisis he was elected to confront. For a second straight year, the South American economy is growing yet employment is falling in the formal sector, where workers have a salary, benefits and healthcare. Bloomberg Brazil’s economic activity fell more than expected in June, adding to signs that months of ultra-tight monetary policy is cooling demand and also boosting the case for another interest-rate cut in September. World Bloomberg Longer-maturity bonds are at the epicenter of investor angst about everything from inflation to the debt-laden artificial-intelligence boom — and governments are paying the price. Sovereign borrowing rates are surging around the world. Yields on 30-year US Treasuries rose to the highest since 2007 this week, while French borrowing costs hit the loftiest since 2008 and their German peers traded at 2011 levels. Bloomberg In addition to Sweden, Indonesia, Uruguay and Egypt kept interest rates unchanged this week, while Iceland raised them for the third time this year. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
A significant 40% of Indian office tenants express concerns about securing quality office space by 2028. As companies prioritize improved employee experiences alongside growth, established business districts continue to be their top choice for future office needs. Leasing trends indicate a strong demand for investment-grade assets in major micro-markets, prompting occupiers to plan their office relocations and expansions well ahead of time due to limited availability. View More
New Delhi: Nearly 40 per cent of office occupiers in India are concerned about securing high-quality, well-located office space through 2028, even as companies continue to favour established business districts for future requirements, according to CBRE 's 2026 India Office Occupier Survey. The concern comes as 55 per cent of organisations considering relocation are actively targeting better-quality buildings to improve employee experience and support future growth. CBRE said the preference for quality space is already visible in leasing activity, with 41 per cent of all office leasing during 2025-H1 2026 taking place in investment-grade assets. In core micro-markets, 46 per cent of leasing transactions were concentrated in investment-grade buildings, while such assets accounted for 57 per cent of new completions during the period. The report said occupiers are also showing a strong preference for established locations. About 47 per cent of respondents prefer core or established micro-markets for new offices, while another 25 per cent prefer a combination of core and non-core locations. "Location decisions continue to favour established micro-markets, with almost half of occupiers preferring core precincts. The confluence of mature infrastructure, deep talent catchments, and strong multimodal connectivity continues to influence occupiers' location strategy, outweighing pure cost advantages," CBRE said. Live Events The survey also points to a need for occupiers to plan office moves and expansion well ahead of time. CBRE's recommendations say companies should plan relocation and expansion requirements in advance as the availability of high-quality space in core markets remains constrained. At the same time, the report indicates that the definition of a preferred workplace is widening beyond the physical quality of an office. Flexible workspaces, commute access and AI-enabled infrastructure are increasingly being considered as part of future workplace strategies. For landlords and developers, CBRE recommends prioritising high-quality assets and improving connectivity, while investors could focus on upgrading ageing buildings to meet the growing preference for better-quality workplaces. The report also suggests developing quality office space in select Tier-II cities to capture emerging occupier demand. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Pune's registration department urges property owners to register leave and licence agreements to avoid police action, following the recent penalisation of 175 landlords. View More
AI allows investors to compare investment options, estimate their retirement corpus or review their portfolio in mere seconds by transforming hours of complex financial research into a simple conversation. View More