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Tarsons Products Limited IPO (Tarsons Products IPO) Detail

Nov 15, 2021 - Nov 17, 2021

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:

  • Leading supplier of life sciences products
  • Extensive product offering
  • Large addressable market of life sciences industry
  • Well-equipped and automated manufacturing facilities
  • Strong sales and distribution network
  • Experienced Promoter backed by a strong management team

Company Promoters:

Sanjive Sehgal and Rohan Sehgal are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • 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

Tarsons Products IPO Details

IPO Opening Date Nov 15, 2021
IPO Closing Date Nov 17, 2021
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
IPO Price ₹635 to ₹662 per equity share
Market Lot 22 Shares
Min Order Quantity 22 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹2
(aggregating up to ₹1,023.47 Cr)
Fresh Issue[.] Eq Shares of ₹2
(aggregating up to ₹150.00 Cr)
Offer for Sale13,200,000 Eq Shares of ₹2
(aggregating up to ₹873.84 Cr)
Employee Discount 61

Tarsons Products IPO Tentative Timetable

The Tarsons Products IPO open date is Nov 15, 2021, and the close date is Nov 17, 2021. The issue may list on Nov 26, 2021.

IPO Open Date Nov 15, 2021
IPO Close Date Nov 17, 2021
Basis of Allotment Date Nov 23, 2021
Initiation of Refunds Nov 24, 2021
Credit of Shares to Demat Account Nov 25, 2021
IPO Listing Date Nov 26, 2021

Tarsons Products IPO Lot Size

The Tarsons Products IPO market lot size is 22 shares. A retail-individual investor can apply for up to 13 lots (286 shares or ₹189,332).

Application Lots Shares Amount (Cut-off)
Minimum 1 22 ₹14,564
Maximum 13 286 ₹189,332

Tarsons Products IPO Promoter Holding

Pre Issue Share Holding 50.75%
Post Issue Share Holding

Tarsons Products IPO Review

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...

Tarsons Products IPO Subscription Status (Bidding Detail)

The Tarsons Products IPO is subscribed 77.49 times on 11/17/2021 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

CategorySubscription (times)
QIB115.77
NII184.58
Retail10.56
Employee1.83
Total77.49

Tarsons Products IPO Prospectus

Tarsons Products IPO Rating

1652
4.1
Rating:Rated 4.1 stars
Vote Here ...

Tarsons Products IPO Listing Date

Listing Date Friday, November 26, 2021
BSE Script Code 543399
NSE Symbol TARSONS
Listing In B Group of Securities
ISIN INE144Z01023
IPO Price ₹662 per equity share
Face Value ₹2 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

Tarsons Products IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: tarsonsproducts.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Tarsons Products IPO FAQs

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 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.

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Tarsons Products IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Tarsons Products IPO lot size is 22 Shares and the minimum order quantity is 22 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tarsons Products IPO will be done on Nov 23, 2021, and the allotted shares will be credited to your demat account by Nov 25, 2021. Check the Tarsons Products IPO allotment status.

The Tarsons Products IPO listing date is on Friday, November 26, 2021.

Tarsons Products IPO Message Board

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