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Tarsons Products IPO is a book build issue of ₹1,023.54 crores. The issue is a combination of fresh issue of 0.23 crore shares aggregating to ₹149.96 crores and offer for sale of 1.32 crore shares aggregating to ₹873.58 crores.
Tarsons Products IPO bidding started from Nov 15, 2021 and ended on Nov 17, 2021. The allotment for Tarsons Products IPO was finalized on Nov 23, 2021. The shares got listed on BSE, NSE on Nov 26, 2021.
Tarsons Products IPO price band is set at ₹662.00 per share . The lot size for an application is 22. The minimum amount of investment required by an retail is ₹13,970 (22 shares). The lot size investment for sNII is 14 lots (308 shares), amounting to ₹2,03,896, and for bNII, it is 69 lots (1,518 shares), amounting to ₹10,04,916.
The issue includes a reservation of up to 60,000 shares for employees offered at a discount of ₹61.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Tarsons Products IPO RHP for detailed Information.
| IPO Date | November 15, 2021 to November 17, 2021 |
| Listing Date | November 26, 2021 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹635 to ₹662 per share |
| Issue Price Final | ₹662 per share |
| Lot Size | 22 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,54,65,861 shares (aggregating up to ₹1,023.54 Cr) |
| Fresh Issue | 22,65,862 shares (aggregating up to ₹149.96 Cr) |
| Offer for Sale | 1,31,99,999 shares of ₹2 (aggregating up to ₹873.58 Cr) |
| Employee Discount | ₹61.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,09,40,420 shares |
| Share Holding Post Issue | 5,32,06,281 shares |
Tarsons Products IPO offers total 1,54,65,861 shares. Out of which 77,02,929 (49.81%) allocated to QIB, 30,81,172 (19.92%) allocated to QIB, 23,10,880 (14.94%) allocated to NII, 53,92,052 (34.86%) allocated to RII and 46,21,757 (29.88%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 77,02,929 (49.81%) | NA |
| − Anchor Investor Shares Offered | 46,21,757 (29.88%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 30,81,172 (19.92%) | NA |
| NII (HNI) Shares Offered | 23,10,880 (14.94%) | NA |
| Retail Shares Offered | 53,92,052 (34.86%) | 2,45,093 |
| Employee Shares Offered | 60,000 (0.39%) | NA |
| Total Shares Offered | 1,54,65,861 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Tarsons Products IPO opens on November 15, 2021, and closes on November 17, 2021.
| IPO Open Date | Mon, Nov 15, 2021 |
| IPO Close Date | Wed, Nov 17, 2021 |
| Tentative Allotment | Tue, Nov 23, 2021 |
| Initiation of Refunds | Wed, Nov 24, 2021 |
| Credit of Shares to Demat | Thu, Nov 25, 2021 |
| Tentative Listing Date | Fri, Nov 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 17, 2021 |
Investors can bid for a minimum of 22 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,564 |
| Retail (Max) | 13 | 286 | ₹1,89,332 |
| S-HNI (Min) | 14 | 308 | ₹2,03,896 |
| S-HNI (Max) | 68 | 1,496 | ₹9,90,352 |
| B-HNI (Min) | 69 | 1,518 | ₹10,04,916 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| 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 | |||
[Dilip Davda] 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...
| Listing Date | November 26, 2021 |
| BSE Script Code | 543399 |
| NSE Symbol | TARSONS |
| ISIN | INE144Z01023 |
| Final Issue Price | ₹662 per share |
| BSE Listing Group | B |
Tarsons Products Ltd.
Martin Burn Buisness Park,
Room No. 902 BP- 3, Salt Lake,
Sector- V
Kolkata, West Bengal, 700091
Phone: +91 33 3522 0
Email: piyush@tarsons.in
Website: https://www.tarsons.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: tarsonsproducts.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Tarsons Products IPO is a main-board IPO of 1,54,65,861 equity shares of the face value of ₹2 aggregating up to ₹1,023.54 Crores. The issue is priced at ₹662 per share. The minimum order quantity is 22.
The IPO opens on November 15, 2021, and closes on November 17, 2021.
Kfin Technologies Ltd. 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
Visit Zerodha IPO Application Process Review for more detail.
The Tarsons Products IPO opens on November 15, 2021 and closes on November 17, 2021.
Tarsons Products IPO lot size is 22, and the minimum amount required for application is ₹14,564.
You can apply in Tarsons Products IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tarsons Products IPO will be done on Tuesday, November 23, 2021, and the allotted shares will be credited to your demat account by Thursday, November 25, 2021. Check the Tarsons Products IPO allotment status.
The Tarsons Products IPO listing date is on Friday, November 26, 2021.
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