Tarsons Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Tarsons Products IPO release date, IPO offer price, subscription, Tarsons Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 635 to Rs 662 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 22 Shares |
| Listing Date | Nov 26, 2021 |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 1,500 Million |
| IPO Size | Rs 10234.7 Million |
| Tick Size | 1 |
Tarsons Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Tarsons Products IPO – Summary
They are a leading Indian life sciences company engaged in the designing, development, manufacturing, and marketing of ‘consumables’, ‘reusables’ and ‘others’ including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations (“CROs”), Diagnostic companies and hospitals.
They manufacture a range of quality labware products that help advance scientific discovery and improve healthcare. As of March 31, 2021, they had a diversified product portfolio with over 1,700 SKUs across 300 products. Their product portfolio is classified into three key categories which include consumables, reusables, and others. ‘Consumables’ category includes products such as centrifuge ware, cryogenic ware, liquid handling, PCR consumables and petri dish, transfer pipettes, and others.
The Promoter of this company is SANJIVE SEHGAL AND ROHAN SEHGAL. The lead manager to the issue is ICICI Securities Limited, Edelweiss Financial Services Limited, and SBI Capital Markets Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Tarsons Products IPO Date
The opening and the closing date of Tarsons Products IPO are Nov 15, 2021, and Nov 17, 2021, respectively.
Check out Related IPO Links:
| Tarsons Products IPO GMP |
| Allotment – Tarsons Products IPO |
Tarsons Products IPO Subscription
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 15th Nov | 0.00x | 0.17x | 2.12x | 0.41x | 1.09x |
| 2nd Day – 16th Nov | 1.30x | 3.98x | 4.74x | 1.08x | 3.58x |
| 3rd Day – 17th Nov | 115.77x | 184.58x | 10.56x | 1.83x | 77.49x |
| Shares Offered or Net Issue | 3,081,172 | 2,310,880 | 5,392,052 | 60,000 | 10,844,104 |
The shares subscribed by the public will be updated here.
Check Tarsons Products IPO LIVE Subscription
- Tarsons Products IPO LIVE Bid details on BSE
- Tarsons Products IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Tarsons Products IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Tarsons Products Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Nov 23, 2021 |
| Refunds Initiation | Nov 24, 2021 |
| The credit of Shares to Demat Account | Nov 25, 2021 |
| Share Listing Date | Nov 26, 2021 |
Tarsons Products IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.635 to Rs 662
Tarsons Products IPO Size
This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.635 to Rs 662 per equity share aggregating to Rs.10234.7 Million.
Tarsons Products IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.10234.7 Million
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Tarsons Products IPO – Live Performance
The listing date of this IPO is Nov 26, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Tarsons Products Share Price |
Tarsons Products IPO Grey Market Premium
The Tarsons Products Limited IPO Grey Market Premium price is Rs 180, the Kostak rate is Rs 500 and the Subject to Sauda is 3000.
Tarsons Products IPO – Company Overview
They cater to a diverse range of end customers across various sectors which include research organizations, academic institutions, pharmaceutical companies, CROs, diagnostic companies, and hospitals.
Some of their end customers include customers such as the Indian Institute of Chemical Technology, National Centre for Biological Sciences across academic institutes and research organizations; Dr. Reddy’s Laboratories, Enzene Biosciences across pharmaceutical sectors; Syngene International, Veeda Clinical Research across CROs; and Molbio Diagnostics, Agappe Diagnostic, Metropolis Healthcare, Dr. Lal Path Labs, Mylab Life Solutions across other sectors such as diagnostics.
They distribute their products to these end customers on a pan-India basis through their authorized distributors. They have long-standing relationships with their end customers as well as distributors, which they have achieved by aligning their offerings with their business needs and through the support of an on-ground sales and marketing team.
Also, they currently operate through their five manufacturing facilities located in West Bengal. They believe that their Company, by focusing on stringent quality norms across manufacturing processes, has been able to provide a safe, efficient, and cost-effective mode to conduct research for the scientific community.
Tarsons Products IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 2,959.50 | 2,487.06 | 2,119.58 |
| *Total Revenue | 2,342.91 | 1,800.54 | 1,847.19 |
| Total Expense | 1,418.57 | 1,269.21 | 1,288.94 |
| Profit After Tax | 688.70 | 405.31 | 389.58 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 13.43 | 7.94 | 7.65 |
| Diluted | 13.43 | 7.75 | 7.50 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 688.70 Million, Rs. 405.31 Million, and Rs. 389.58 Million respectively.
Tarsons Products IPO – Promoters
The Promoter of this company is:
- SANJIVE SEHGAL
- ROHAN SEHGAL
List of Related Parties (Key Managerial Personnel)
- Sanjive Sehgal, Chairman, and Managing Director
- Rohan Sehgal, Whole-time Director
- Gaurav Podar, Non-Executive Nominee Director
- Viresh Oberai, Independent Director
- Sucharita Basu De, Independent Director
- Girish Vanvari, Independent Director
Tarsons Products IPO – Promoters Holding
- Pre Issue Share Holding – 50.75%
- Pos Issue Share Holding – %
Tarsons Products IPO Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.10234.7 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 50,940,420 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Tarsons Products IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/prepayment of all or certain of their borrowings;
2. Funding a part of the capital expenditure for the new manufacturing facility at Panchla, West Bengal (the “Proposed Expansion”); and
3. General corporate purposes
Tarsons Products – Business Strategy
- Strengthening their foothold in their existing markets and expanding their product portfolio
- Enhancing their manufacturing capacities in existing product categories to leverage industry growth drivers
- Increasing their global footprint in the overseas market
- Continue to focus on maintaining operational efficiency and profitability
Tarsons Products IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leading Indian supplier to life sciences sector with strong brand recognition and high-quality products
- Their diverse range of labware products across varied customer segments;
- Operating in an industry that has a large addressable market with long-standing relationships with key end customers;
- Well-equipped and automated manufacturing facilities;
- Wide geographic reach through their strong sales and distribution network;
- Experienced Promoter backed by a strong management team
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 13.43 | 13.43 | 28.19 | 47.65 |
| 31-Mar-20 | 7.94 | 7.75 | 20.51 | – |
| Mar-19 | 7.65 | 7.50 | 28.80 | – |
Tarsons Products IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Tarsons Products Limited | 2 | [●] | 13.43 | 28.19 | 2,342.91 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Tarsons Products IPO Lead Managers
| Lead Managers |
|
ICICI Securities Limited Edelweiss Financial Services Limited SBI Capital Markets Limited |
Tarsons Products IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited) Selenium Tower-B, Plot 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana 500032, India Tel: (91 40) 6716 2222, 1800 309 4001 E-mail: tarsonsproducts.ipo@kfintech.com Investor Grievance e-mail: Einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M. Murali Krishna SEBI Registration Number: INR000000221 |
Tarsons IPO – Other Details
- Statutory Auditor – Price Waterhouse Chartered Accountants LLP
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – HDFC Bank Limited and Axis Bank Limited
Tarsons Products IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Tarsons Products Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Tarsons Products IPO Review FAQs
Ques – What is the Issue Size of Tarsons Products IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Tarsons Products IPO?
Answer – The price band for this particular IPO ranges between Rs 635 to Rs 662. As far as the face value of the share is of concern, it is Rs.2 per share.
Ques – What is the Tarsons Products IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Nov 15, 2021, while the closing date is set at Nov 17, 2021.
Ques – What is the Tarsons IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 23, 2021, refund initiation is on Nov 24, 2021, credit of shares is on Nov 25, 2021, and share listing date is on Nov 26, 2021.
Ques – What is the Tarsons IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Nov 26, 2021. The date, when the listing would be done, is stagnant on Nov 26, 2021.
Ques – Who is the Registrar of Tarsons IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Tarsons IPO?
Answer – Here are the promoters of this IPO – SANJIVE SEHGAL AND ROHAN SEHGAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Tarsons IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 180. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Tarsons Products IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Tarsons Products?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 688.70, 2020 is 405.31, 2019 is 389.58.
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