Tarsons Products IPO

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

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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

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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

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More about Tarsons Products Offer

• Tarsons IPO in 10 points – All you need to know
• Tarsons IPO RHP
• Tarsons IPO DRHP

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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

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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	–	–

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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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Tarsons Offer Reviews – Subscribe or Avoid?

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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

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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

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Tarsons IPO Allotment Status

Tarsons IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

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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)

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Tarsons IPO FAQs