Tarsons Products Limited IPO

Mainboard

Plastic Products

Listed On: Nov 26, 2021 at ₹ 682 (NSE)

₹ 14564 /22 Shares

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Price Summary

Last Closing

479.50 (-27.57%)

52 Week High

574.40

52 Week Low

389.10

Last Update

20-Sep-2024 3:30 PM

IPO Details

15 Nov, 2021

Open Date

17 Nov, 2021

Close Date

23 Nov, 2021

Allotment Date

26 Nov, 2021

Listing Date

Issue Price

₹635-662 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

682 (NSE)

Listing Date

2021-11-26

Market Lot

22 Shares (₹14,564/-)

Lead Manager

Edelweiss Financial Services Ltd, ICICI Securities Limited, SBI Capital Markets Limited

Issue Size

Total 1023.47 Crores : 150 Crores Fresh Issue + 873.84 Crores Approx Offer for Sale

Retail Portion

35% (Number of Retail Applications : 2,45,000 Approx)

Subscription

77.49 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	30,81,172	23,10,880	53,92,052	108,44,104
Day 1 - 15-11-21 05:00 PM	0.00 x	0.07	2.12 x	1.10 x
Day 2 - 16-11-21 05:00 PM	1.30 x	3.98	4.74 x	3.58 x
Day 3 - 17-11-21 05:00 PM	115.77 x	184.58	10.55 x	77.49 x

Total No. of Applications: 2222778 (Approx)

Retail Subscription on the basis of Applications: 9.07 times

Valuations

Earnings Per Share (EPS)

₹12.94/-

P/E Ratio

51.14

RoNW

28.19%

Net Asset Value (NAV) - As on 30.06.21

₹52.80

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	295.95	248.70	211.95
Revenue	234.29	180.05	184.71
Profit After Tax	68.87	40.53	38.95

About The Company

Tarsons Products Limited is a leading Indian life sciences company with more than three decades of experience in the production and supply of labware products. The company manufactures a range of quality labware products that helps advance scientific discovery and improve healthcare systems. The company's product portfolio is classified into three broad categories including consumables, reusables, and others. As of March 31, 2021, the company has a diversified product portfolio with over 1,700 SKUs across 300 products.Trason's products are used in various laboratories across research organizations, academic institutes, pharmaceutical companies, Contract Research Organizations (CRO), diagnostic companies, and hospitals. The company has many reputed institutes, medical labs, and hospitals as its key clients.Currently, the company has 5 manufacturing facilities located in West Bengal spread across approximately 20,000 sq. mts of area. The company has a strong distribution network across India comprising of over 141 authorized distributors as of March 31, 2021 and supplies its products to more than 40 countries.

- Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Sanjive Sehgal
Rohan Sehgal

IPO - Issue Objectives

Repayment/prepayment of all or certain of company’s borrowings;
Funding a part of the capital expenditure for new manufacturing facility at Panchla, West Bengal (proposed expansion) and;
General corporate purposes

IPO - Anchor Investors

Tarsons Products mops up Rs 305.96 crore from anchor investors ahead of listing

Foreign investors who participated in the anchor book were Monetary Authority of Singapore, Government of Singapore, First Sentier Investors, Pinebridge Global Funds, Abu Dhabi Investment Authority, Theleme India Master Fund, and East Bridge Capital.

ICICI Prudential, Aditya Birla Sun Life, Nippon Life, Sundaram Mutual Fund, L&T Mutual Fund, Edelweiss Trusteeship and Reliance General Insurance among domestic investors who invested in the company.

IPO - FAQs

Ans. Tarsons Products Limited IPO is a Mainboard IPO. The issue is priced at ₹635-662 per equity share. The minimum order quantity is 22 Shares. The IPO opens on Nov 15, 2021, and closes on Nov 17, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Tarsons Products Limited IPO opens on Nov 15, 2021 and closes on Nov 17, 2021.

Ans. The size of Tarsons Products Limited IPO is Total 1023.47 Crores : 150 Crores Fresh Issue + 873.84 Crores Approx Offer for Sale.

Ans. The IPO price band is set between ₹635-662 per equity share.

Ans. To apply for Tarsons Products Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Tarsons Products Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Tarsons Products Limited IPO is Nov 23, 2021.

Ans. The Tarsons Products Limited IPO will be listed on Nov 26, 2021.

Ans. Follow the steps to check the allotment status for Tarsons Products Limited IPO here.