Tarsons Products Ltd IPO Details, Date, Share Price Range, Issue Size
Author: Libord Brokerage Pvt. Ltd Posted on 12 Nov 2021 11:51:59Category : ipo news
About Tarsons Products Ltd
Tarsons Products Limited, incorporated in 1983, is one of the leading life sciences company in the country and has been in the market for more than 30 years. Tarsons specializes in production, designing, development and supply of labware products like Benchtop equipment, reusables and consumables that helps in advancement of scientific discovery and also helps in healthcare. Their most important clients include medical labs, hospitals and reputed institutes. Tarsons products currently carries on operations through 5 manufacturing facilities in West Bengal. As of March 31, 2021, the company has a very strong distribution network consisting of over 141 authorized distributors and the company also supplies its products to 40 different countries.
Tarsons Products Ltd IPO Details:
Subscription Details
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Open Date
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15 Nov
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Close Date
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17 Nov
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Lot Size
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22 Equity Shares
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IPO Size
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₹ 1,023.47 Cr
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IPO Price Range
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₹ 635 to ₹662 per equity share
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Min Investment
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₹ 14,564
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Listing Exchange
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NSE, BSE
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Tarsons Products Ltd IPO Timeline
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Open Date
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15 Nov
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Close Date
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17 Nov
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Basis of Allotment
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23 Nov
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Refunds
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24 Nov
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Credit to Demat Account
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25 Nov
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Listing Date
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26 Nov
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IPO Synopsis
According to the DRHP, Tarsons Products will open its IPO for subscription between November 15 and November 17. A price band of Rs.635-Rs.662 has been set with a minimum investment value of Rs.14,564. This issue consists of Fresh issue worth Rs.150 crore and an OFS of 1.32 crore Equity shares. The listing date is set as November 26. The IPO size is Rs.1023 crore. Under the OFS, promoters- Sanjive Sehgal and Rohan Sehgal will offload 3.9 lakh equity shares and 3.1 lakh equity shares, respectively. One of the investors, Clear Vision Investment Holdings Pte Ltd will divest approximately 1.25 crore equity shares.
Objectives of the issue:
1. Repaying or prepaying the company’s debts and borrowings.
2. Funding the capital expenditure for a new manufacturing plant at Panchala, West Bengal
If the Tarsons Products Limited is something that you’re looking to invest in come November 15, 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.
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