Let’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 ValueRs 2
Price BandRs 635 to Rs 662
Listing AtBSE, NSE
Min. Order Quantity22 Shares
Listing DateNov 26, 2021
Offer for SaleRs Million
Fresh IssueRs 1,500 Million
IPO SizeRs 10234.7 Million
Tick Size1

Tarsons Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Tarsons Products IPO – Summary

Tarsons Products IPOThey 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 / DateQIBNIIRIIEmpTotal Subscription
1st Day – 15th Nov0.00x0.17x2.12x0.41x1.09x
2nd Day –  16th Nov1.30x3.98x4.74x1.08x3.58x
3rd Day – 17th Nov115.77x184.58x10.56x1.83x77.49x
Shares Offered or Net Issue3,081,1722,310,8805,392,05260,00010,844,104

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 FinalizationNov 23, 2021
Refunds InitiationNov 24, 2021
The credit of Shares to Demat AccountNov 25, 2021
Share Listing DateNov 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-2131-Mar-20Mar-19
    Total Assets2,959.502,487.062,119.58
    *Total Revenue2,342.911,800.541,847.19
    Total Expense1,418.571,269.211,288.94
    Profit After Tax688.70405.31389.58

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-19
    Basic 13.437.947.65
    Diluted13.437.757.50

     

    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:

    1. SANJIVE SEHGAL
    2. 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 MakersUp to [●] Equity Shares aggregating up to Rs.[●] Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●] Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue50,940,420 Equity Shares
     Equity Shares outstanding after the IssueX 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 EPSDiluted EPS
    RONW (%)NAV (Rs.)
    31-Mar-2113.4313.4328.1947.65
    31-Mar-207.947.7520.51
    Mar-197.657.5028.80

    Tarsons Products IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Tarsons Products Limited2[●]13.4328.192,342.91
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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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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