Tarsons Products IPO description – Tarsons is 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.
The company manufactures a range of quality labware products which helps advance scientific discovery and improve healthcare. As of 31 March 2021, it had a diversified product portfolio with over 1,700 SKUs across 300 products. Its product portfolio is classified into three key categories which includes 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. ‘Reusables’ category includes products such as bottles, carboys, beakers, measuring cylinders and tube racks. ‘Others’ category includes benchtop instrumentation such as vortex shakers, centrifuges pipettors and others.
Its end customers across sectors includes research organizations, academic institutions, pharmaceutical companies, CROs, diagnostic companies, and hospitals. Some of its customers are 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. The company has long-standing relationships with end customers as well as distributors.
Tarsons currently operates through its five manufacturing facilities located in West Bengal. These facilities are vertically integrated and equipped with automated support systems in order to maintain quality, increase productivity, and reduce costs.
Promoters of Tarsons Products – Sanjive Sehgal and Rohan Sehgal
Tarsons Products IPO offer details
| Subscription Dates | 15 – 17 November 2021 |
| Price Band | INR635 – 662 per share |
| Fresh issue | INR150 crores |
| Offer For Sale | 13,200,000 shares (INR838.2 – 873.84 crore) |
| Total IPO size | INR988.2 – 1,023.84 crore |
| Minimum bid (lot size) | 22 shares |
| Face Value | INR2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Tarsons Products’ Financial Performance (in INR crore)
| FY2019 | FY2020 | FY2021 | Q1 FY2022 | |
| Revenue | 184.7 | 180.0 | 234.3 | 71.1 |
| Expenses | 128.9 | 126.9 | 141.9 | 37.8 |
| Net income | 39.0 | 40.5 | 68.9 | 24.8 |
| Margin (%) | 21.1 | 22.5 | 29.4 | 34.9 |
More about Tarsons Products Offer
Valuation of Tarsons Products (as of FY2021)
Earnings Per Share (EPS): INR13.43
Price/Earnings (PE ratio): 47.28 – 49.29
Return on Net Worth (RONW): 28.19%
Net Asset Value (NAV): INR47.65 per share
Tarsons IPO GMP Daily Trend
| Date | Tarsons IPO GMP | Kostak | Subject to Sauda |
| 25 Nov 2021 | INR170 | – | – |
| 24 Nov 2021 | INR160 | – | – |
| 23 Nov 2021 | INR160 | INR350 | INR2,700 |
| 22 Nov 2021 | INR150 | INR340 | INR2,700 |
| 20 Nov 2021 | INR180 | INR350 | INR2,800 |
| 19 Nov 2021 | INR200 | INR350 | INR2,800 |
| 18 Nov 2021 | INR250 | INR380 | INR3,000 |
| 17 Nov 2021 | INR200 | INR300 | INR2,200 |
| 16 Nov 2021 | INR200 | INR300 | INR2,000 |
| 15 Nov 2021 | INR150 | INR230 | INR1,500 |
| 13 Nov 2021 | INR170 | INR250 | INR1,600 |
| 12 Nov 2021 | INR150 | INR200 | INR1,500 |
| 11 Nov 2021 | INR150 | – | – |
Tarsons Offer Subscription Details (no. of times)
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 30,81,172 | 0.00 | 1.30 | 115.77 |
| NII | 23,10,880 | 0.17 | 3.98 | 184.58 |
| Retail | 53,92,052 | 2.12 | 4.74 | 10.56 |
| Employees | 60,000 | 0.41 | 1.08 | 1.83 |
| Total | 1,08,44,104 | 1.09 | 3.58 | 77.49 |
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Registrar of Tarsons Public Offer
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com
Tarsons Products Contact Details
Tarsons Products Limited
Martin Burn Business Park,
Room No. 902 BP- 3, Salt Lake,
Sector- V, Kolkata 700091
Phone: +91 33 3522 0300
Email: [email protected]
Website: www.tarsons.com
Tarsons IPO Allotment Status
Tarsons IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
Listing Performance of Tarsons Products
IPO Opening Date: 15 November 2021
IPO Closing Date: 17 November 2021
Finalisation of Basis of Allotment: 23 November 2021
Initiation of refunds: 24 November 2021
Transfer of shares to demat accounts: 25 November 2021
Listing Date: 26 November 2021
Opening Price on NSE: INR682 per share (up 3.02% from IPO price)
Closing Price on NSE: INR818.4 per share (up 23.63% from IPO price)
Tarsons IPO FAQs
How many shares HNIs and retail investors are entitled to in Tarsons Products Offer?
The investors’ portion for QIB-50%, NII-15%, and Retail-35%.
How to apply in Tarsons Products Public Offer?
The best way to apply in Tarsons Products IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Tarsons Products Offer Size?
Tarsons Products offer size is INR1,023.84 crore at the upper price band.
What is Tarsons Products IPO Price Band?
Tarsons Products IPO Price Band is INR635 – 662 per share.
What is the lot size of Tarsons IPO?
Tarsons Products IPO lot size and the minimum order is 22 shares.
What is Tarsons Products IPO Allotment Date?
Tarsons IPO allotment date is 23 November 2021. The allotted shares will be credited to demat account by yet to be updated.
What is Tarsons IPO GMP today?
Tarsons IPO GMP is INR170 per share.
What is Tarsons IPO kostak rate today?
Tarsons kostak rate today is NA per application.
What is Tarsons Subject to Sauda rate rate today?
Tarsons Subject to Sauda rate today is NA per application.
