Tarsons Products IPO Review 2021: Just 15 days into November and Tarsons Products will be the 7th company to go public. The IPO will be open from November 15th and close on November 17th. The company aims to raise Rs. 1023.47 Cr through the public offering.
In this article, we look into important information on the Tarsons Products IPO. This will help one to analyse the possible prospects of the company. Keep reading to find out!
Table of Contents
About the Company
Founded in 1983, Tarsons Products Pvt. Ltd. is engaged in the manufacture of disposable plastic labware, centrifuge ware, cryo labware, liquid handling system and instruments. The company also customizes products as per their customer’s needs. Their expertise in plastic moulding and knowledge on the state of the art lab techniques further help them service their clients.
Some of their top products include Plastic Labware, Bottles, Carboys, Measuring cylinders, Desiccators, Minicoolers, Cryobox, Test Tube Racks, Pipette tips, Petri Dish, Centrifuge tubes, Cryovials and Pasteur Pipettes. As of June 2021 the company had a portfolio of 1,700 Stock Keeping Units(SKU) across 300 products.
The company’s products are currently manufactured through 5 facilities in West Bengal. All these facilities are ISO 9001:2015 and ISO 13485:2016/NS-EN ISO 13485:2016 certified.
Their products are used in various laboratories across research organisations, educational institutions, pharma companies, hospitals, diagnostic companies etc. Their products are used across various sectors like healthcare, pharmaceutical, biotech, food and environment sectors globally. Some of their top clients are
- Indian Institute of Chemical Technology
- National Centre for Biological Sciences
- Dr Reddy’s Laboratories
- Enzene Biosciences
- Syngene International
- Dr Lal Path Labs
QUICK READ – What is IPO in Share Market? And Is it Worth Investing in IPOs?
Grey Market Premium
Shares of Tarsons Products traded at a 26% premium in the grey market as of Thursday. The shares are traded at a price of Rs.837. This gives it a premium of Rs 175 over the issue price band of Rs 635-662 per share.
Key IPO Information
The promoters of the company are Sanjive Sehgal and Rohan Sehgal. The company has appointed Edelweiss Financial Services Ltd, ICICI Securities Ltd, SBI Capital Markets Ltd as the lead managers to the issue. KFintech Pvt Ltd has been appointed as the registrar to the issue.
| Particular | Details |
|---|---|
| IPO Size | ₹1,023.47 Cr |
| Fresh Issue | ₹150.00 Cr |
| Offer For Sale(OFS) | ₹873.47 Cr |
| Opening Date | Nov 15, 2021 |
| Closing Date | Nov 17, 2021 |
| Face Value | ₹2 per equity share |
| Price Band | ₹635 to ₹662 |
| Lot Size | 22 Shares |
| Minimum Lot Size | 1 |
| Maximum Lot Size | 13 |
| Listing Date | Nov 26, 2021 |
Purpose of the IPO
The proceeds from the IPO will be used for
- Repayment or Prepayment of borrowings
- Partial funding for new manufacturing facility
- Other General corporate purposes
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In Closing
In this post, we covered the Tarsons Products IPO Review 2021. The Initial Public Offering opens on November 15th and closes on November 17th.
For retail investors, it can be a good opportunity to look into the company’s future prospects and apply for the IPO if they believe in the products and growth prospects of the company.
Do let us know what you think of the Tarsons Products IPO review 2021. Are you planning to apply for this IPO or not? Comment below. Cheers!
Aron, Bachelors in Commerce from Mangalore University, entered the world of Equity research to explore his interests in financial markets. Outside of work, you can catch him binging on a show, supporting RCB, and dreaming of visiting Kasol soon. He also believes that eating kid’s ice-cream is the best way to teach them taxes.
