Tarsons Products Limited IPO (Tarsons Products IPO) Detail
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:
- Leading supplier of life sciences products
- Extensive product offering
- Large addressable market of life sciences industry
- Well-equipped and automated manufacturing facilities
- Strong sales and distribution network
- Experienced Promoter backed by a strong management team
Company Promoters:
Sanjive Sehgal and Rohan Sehgal are the company promoters.
Company Financials:
| 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 | |||
Objects of the Issue:
- Repayment/prepayment of all or certain of company’s borrowings;
- Funding a part of the capital expenditure for new manufacturing facility at Panchla, West Bengal (proposed expansion) and;
- General corporate purposes
Tarsons Products IPO Details
| IPO Opening Date | Nov 15, 2021 |
| IPO Closing Date | Nov 17, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹635 to ₹662 per equity share |
| Market Lot | 22 Shares |
| Min Order Quantity | 22 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹2 (aggregating up to ₹1,023.47 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 13,200,000 Eq Shares of ₹2 (aggregating up to ₹[.] Cr) |
| Employee Discount | 61 |
Tarsons Products IPO Tentative Timetable
The Tarsons Products IPO open date is Nov 15, 2021, and the close date is Nov 17, 2021. The issue may list on Nov 26, 2021.
| IPO Open Date | Nov 15, 2021 |
| IPO Close Date | Nov 17, 2021 |
| Basis of Allotment Date | Nov 23, 2021 |
| Initiation of Refunds | Nov 24, 2021 |
| Credit of Shares to Demat Account | Nov 25, 2021 |
| IPO Listing Date | Nov 26, 2021 |
Tarsons Products IPO Lot Size
The Tarsons Products IPO market lot size is 22 shares. A retail-individual investor can apply for up to 13 lots (286 shares or ₹189,332).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 22 | ₹14,564 |
| Maximum | 13 | 286 | ₹189,332 |
Tarsons Products IPO Promoter Holding
| Pre Issue Share Holding | 50.75% |
| Post Issue Share Holding |
