Tempo Digitek IPO Day 2: GMP drops to five%. Examine subscription standing and different key particulars

Tempo Digitek, an organization providing built-in telecom and power options, has entered the second day of its IPO bidding. On Day 1, the difficulty was subscribed 16%. Within the gray market, the IPO is at present buying and selling at a 5.5% premium over the difficulty value of Rs 219, a big drop from the sooner 14% premium.

The IPO will stay open for subscription till September 30, protecting a complete of three days. Allotment is anticipated on October 1, with shares scheduled to start buying and selling on October 6. The corporate seeks to boost Rs 819 crore via a contemporary subject of as much as 3.94 crore fairness shares.

Tempo Digitek IPO GMP Right this moment

Within the gray market, Tempo Digitek shares are buying and selling at a premium of Rs 12, roughly 5.5% above the higher value band. This suggests a potential itemizing value close to Rs 231.GMP Observe: The gray market premium is an unofficial and casual gauge of anticipated itemizing efficiency. It’s unregulated and shouldn’t be the only foundation for funding selections.

Tempo Digitek IPO Subscription Replace

On the primary day, the Tempo Digitek IPO obtained an total subscription of 16%, based mostly on BSE knowledge.Retail Particular person Traders (RIIs): Subscribed 18% of the 1.37 crore shares allotted to them.Non-Institutional Traders (NIIs): Subscribed 9% of the 58.92 lakh shares accessible.

Certified Institutional Patrons (QIBs): Bids price 17% of the 78.57 lakh shares reserved had been obtained.

Tempo Digitek IPO Worth Vary

The IPO value band is mounted between Rs 208 and Rs 219 per share, which suggests a post-issue market capitalization of about Rs 4,727 crore on the higher value restrict.

Tempo Digitek IPO Schedule

The IPO opens for subscription on September 26, 2025, and can stay open till September 30, 2025, permitting traders a five-day window to use.
The idea of allotment is anticipated to be introduced on Wednesday, October 1, 2025, whereas the shares are slated to checklist on inventory exchanges round Monday, October 6, 2025, pending regulatory approvals and market situations.

Firm Overview

Based in 2007, Tempo Digitek operates in three core sectors: telecommunications, power, and ICT (Data & Communication Expertise). The corporate offers complete options together with telecom tower erection, optical fiber cable (OFC) set up, gear commissioning, and operations & upkeep companies.

By its subsidiary, Lineage Energy, it manufactures DC energy programs, lithium-ion batteries, and superior battery power storage programs (BESS). Tempo Digitek can be actively concerned in renewable power tasks, corresponding to solarizing telecom towers. The corporate has a large footprint throughout a number of Indian states and worldwide operations in Myanmar and components of Africa.

Monetary Highlights and Order Backlog

Tempo Digitek has skilled sturdy monetary development, with revenues hovering from Rs 405 crore in FY22 to Rs 2,439 crore in FY25. Internet revenue jumped to Rs 279 crore in FY25, marking a compound annual development charge (CAGR) of practically 190% between FY22 and FY25.

The corporate reported an EBITDA margin of 19.8% and a PAT margin of 11.4% in FY25. Its robust order guide stands at Rs 7,634 crore, spanning telecom tower tasks, OFC deployments, solar energy initiatives, rural electrification, and BESS installations.

A standout mission contains the Rs 7,568 crore 4G Saturation Undertaking, which entails putting in and sustaining telecom infrastructure throughout 9,595 distant village websites.

Use of IPO Funds and Promoter Shareholding

This IPO is a contemporary subject geared toward elevating Rs 819 crore, with Rs 630 crore earmarked for capital expenditure in subsidiary Tempo Renewable Energies to fund BESS deployment beneath a Maharashtra State Electrical energy Distribution Firm mission. The remaining proceeds shall be used for normal company functions.

Following the IPO, the promoter’s shareholding is anticipated to scale back from 84.1% to 69.5%, thereby rising the corporate’s public float and enhancing attraction to institutional traders.

Brokerages’ Perspective on Tempo Digitek IPO

Brokerage corporations keep a constructive stance on the IPO. Selection Fairness Broking notes, “On the higher value band, Tempo Digitek trades at a P/E ratio of 16.9x, which is relatively decrease than trade friends. Backed by a robust order guide, diversified enterprise segments, and favorable sector developments, we give the difficulty a ‘Subscribe’ score.

(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of the Financial Instances)