TOI-532 is an orange K-type dwarf (about 0.64 solar masses, 3,927 K, 0.61 solar radii), 135 light-years from Earth. TOI-532 b is a 0.19-Jupiter-mass companion, with an orbital period of 2.3 days, at 0.030 AU from its star, and an equilibrium temperature near 867 K, discovered in 2021 via transit. The planet was found when it crossed the face of its star, producing periodic dips in brightness that reveal its size and orbital period to space-based photometry. TOI-532 b skims its star closer than Mercury orbits the Sun.