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Tarsons Products IPO is a book built issue of Rs 1,023.47 crores. The issue comprises of fresh issue of Rs 150.00 crore and offer for sale of 1.32 crore shares.
Tarsons Products IPO bidding started from November 15, 2021 and ended on November 17, 2021. The allotment for Tarsons Products IPO was finalized on Tuesday, November 23, 2021. The shares got listed on BSE, NSE on November 26, 2021.
Tarsons Products IPO price band is set at ₹635 to ₹662 per share. The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹14,564.
The issue includes a reservation of up to 60,000 shares for employees offered at a discount of Rs 61 to the issue price.
Edelweiss Financial Services Ltd, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Tarsons Products IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Tarsons Products IPO RHP for detailed information.
| IPO Date | November 15, 2021 to November 17, 2021 |
| Listing Date | November 26, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹635 to ₹662 per share |
| Lot Size | 22 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,023.47 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 13,200,000 shares of ₹2 (aggregating up to ₹873.84 Cr) |
| Employee Discount | Rs 61 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 50,940,420 |
| Share holding post issue | 53,206,281 |
Tarsons Products IPO offers 10,844,104 shares. 3,081,172 (28.41%) to QIB, 2,310,880 (21.31%) to NII, 5,392,052 (49.72%) to RII, 60,000 (0.55%) to employees. 245,093 RIIs will receive minimum 22 shares and (sNII) and (bNII) will receive minimum 308 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,081,172 (28.41%) | NA |
| NII (HNI) Shares Offered | 2,310,880 (21.31%) | |
| Retail Shares Offered | 5,392,052 (49.72%) | 245,093 |
| Employee Shares Offered | 60,000 (0.55%) | NA |
| Total Shares Offered | 10,844,104 (100%) |
Tarsons Products IPO opens on November 15, 2021, and closes on November 17, 2021.
| IPO Open Date | Monday, November 15, 2021 |
| IPO Close Date | Wednesday, November 17, 2021 |
| Basis of Allotment | Tuesday, November 23, 2021 |
| Initiation of Refunds | Wednesday, November 24, 2021 |
| Credit of Shares to Demat | Thursday, November 25, 2021 |
| Listing Date | Friday, November 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 17, 2021 |
Investors can bid for a minimum of 22 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,564 |
| Retail (Max) | 13 | 286 | ₹189,332 |
| Lot Size Calculator | |||
Sanjive Sehgal and Rohan Sehgal are the company promoters.
| Share Holding Pre Issue | 50.75% |
| Share Holding Post Issue |
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.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | ||||
| Total Assets | 3,647.74 | 2,959.50 | |||
| Total Revenue | 711.27 | 2,342.91 | |||
| Profit After Tax | 248.35 | 688.70 | |||
[Dilip Davda] TPL is the second-largest player in plastic labware and post-pandemic, due to rising concerns for health, this company is poised for bright prospects ahead. It is expanding to meet the rising demand for its products. The issue appears reasonably priced based on its financial data and future prospects. TPL is enhancing its role and expanding its product portfolio. The scrip is expected to generate first-mover fancy post listing, Investors may consider investment for the medium to long term rewards. Read detail review...
The Tarsons Products IPO is subscribed 77.49 times on November 17, 2021 5:00:00 PM. The public issue subscribed 10.56 times in the retail category, 115.77 times in the QIB category, and 184.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 9.03 times
| Category | Subscription (times) |
|---|---|
| QIB | 115.77 |
| NII | 184.58 |
| Retail | 10.56 |
| Employee | 1.83 |
| Total | 77.49 |
| Listing Date | November 26, 2021 |
| BSE Script Code | 543399 |
| NSE Symbol | TARSONS |
| ISIN | INE144Z01023 |
| Final Issue Price | ₹662 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹662.00 |
| ₹700.00 |
| ₹634.00 |
| ₹840.00 |
| ₹840.00 |
| NSE |
|---|
| ₹662.00 |
| ₹682.00 |
| ₹680.00 |
| ₹818.40 |
| ₹818.40 |
Tarsons Products Limited
Martin Burn Buisness Park,
Room No. 902 BP- 3, Salt Lake,
Sector- V, Kolkata 700091
Phone: +91 33 3522 0
Email: piyush@tarsons.in
Website: https://www.tarsons.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: tarsonsproducts.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Tarsons Products IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,023.47 Crores. The issue is priced at ₹635 to ₹662 per share. The minimum order quantity is 22 Shares.
The IPO opens on November 15, 2021, and closes on November 17, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Tarsons Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tarsons Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tarsons Products IPO opens on November 15, 2021 and closes on November 17, 2021.
Tarsons Products IPO lot size is 22 Shares, and the minimum amount required is ₹14,564.
You can apply in Tarsons Products IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Tarsons Products IPO will be done on Tuesday, November 23, 2021, and the allotted shares will be credited to your demat account by Thursday, November 25, 2021. Check the Tarsons Products IPO allotment status.
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