Tarsons Products IPO
Incorporated in 1983, Tarsons Products Ltd. is one of the leading life sciences companies involved in the manufacturing and supplying of labware products. The company comes with a highly diversified product portfolio, including lab consumables, reusable products and more.
Products manufactured in Tarsons are widely used across hospitals, diagnostic labs, academic institutions, pharmaceutical companies and more.
Tarsons Products currently has 5 manufacturing facilities in West Bengal, sprawling over 20,000 square metres. As of 31 March 2021, the company has a product portfolio with more than 1,700 SKUs for 300 products.
The company has a robust distribution network throughout India, with more than 141 authorised distributors. Moreover, it supplies its products to more than 40 countries.
Tarsons Products IPO: Objectives
Tarsons Products intends to use the proceeds from its public offering for the following purposes:
- To fund a portion of the capital expenditure that is required for the expansion of its facility in Panchla, West Bengal
- To either repay or prepay its borrowings
- For general corporate expenses
Tarsons Products IPO - Details
Tarsons Products filed its DRHP with market regulator SEBI for its IPO on 10 August 2021. The initial public offering of Tarsons Products will include a fresh issuance of shares worth Rs. 150 crores and an offer for sale of 1.32 crores shares by the existing investors and promoters.
The offer for sale will include the offloading of 3.9 lakhs shares by Sanjive Sehgal, and 3.1 lakhs share sale by Rohan Sehgal. Apart from this, Clear Vision Investment Holdings Pvt. Ltd. is set to release around 1.25 crores shares. Tarsons Products IPO will also include a reservation for company employees.
The key details of Tarsons Products IPO are shown in the following tabular representation:
Opening Date
Nov 15, 2021
Closing Date
Nov 17, 2021
Price Band
₹635 to ₹662
per equity share
Issue Size
₹1,023.47 Cr
Face Value
₹ 2
per equity share
Market Lot
22 Shares
Opening Date
Sep 14, 2021
Closing Date
Sep 16, 2021
Price Band
₹734 to ₹744
per equity share
Issue Size
₹1265 - ₹1283 Cr
Face Value
₹ 2
per equity share
Market Lot
20 Shares
Listing at NSE, BSE
Tarsons Products IPO Important Dates
IPO Open Date | 15 November 2021 |
---|---|
IPO Close Date | 17 November 2021 |
Date for Basis of Allotment | 23 November 2021 |
Initiation Of Refunds | 24 November 2021 |
Credit Of Shares To Demat ACcount |
26 November 2021 |
Tarsons Products IPO Latest News and Subscription Status Today [Live]
At 10.40:00 AM.
- This IPO has been subscribed 4.18x by 10:40 AM. on Day 3
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.30x
- (NII) Non-institutional buyers: 4.69x
- (RII) Retail Individual buyers: 5.63x
-Employees: 1.15x
At 11.40:00 AM.
- This IPO has been subscribed 4.80x by 11:40 AM. on Day 3
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.32x
- (NII) Non-institutional buyers: 5.58x
- (RII) Retail Individual buyers: 6.50x
-Employees: 1.21x
At 12.40:00 PM.
- This IPO has been subscribed 8.06x by 12:40 PM. on Day 3
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.49x
- (NII) Non-institutional buyers: 19.07x
- (RII) Retail Individual buyers: 7.17x
-Employees: 1.27x
At 10.40:00 AM.
- This IPO has been subscribed 1.38x by 10:40 AM. on Day 2
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.21x
- (RII) Retail Individual buyers: 2.69x
- Employees: 0.48x
At 11.40:00 AM.
- This IPO has been subscribed 1.53x by 11:40 AM. on Day 2
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.21x
- (RII) Retail Individual buyers: 2.95x
- Employees: 0.64x
At 12.40:00 PM.
- This IPO has been subscribed 1.66x by 12:40 PM. on Day 2
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.21x
- (RII) Retail Individual buyers: 3.23x
- Employees: 0.65x
At 1.40:00 PM.
- This IPO has been subscribed 1.77x by 1:40 PM. on Day 2
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.28x
- (RII) Retail Individual buyers: 3.42x
- Employees: 0.67x
At 2.40:00 PM.
- This IPO has been subscribed 2.08x by 2:40 PM. on Day 2
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.24x
- (NII) Non-institutional buyers: 0.38x
- (RII) Retail Individual buyers: 3.87x
- Employees: 0.90x
At 3.40:00 PM.
- This IPO has been subscribed 3.18x by 3:40 PM. on Day 2
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.10x
- (NII) Non-institutional buyers: 3.69x
- (RII) Retail Individual buyers: 4.18x
- Employees: 0.90x
At 5.05:00 PM.
- This IPO has been subscribed 3.58x by 5:05 PM. on Day 2
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.30x
- (NII) Non-institutional buyers: 3.98x
- (RII) Retail Individual buyers: 4.74x
- Employees: 1.08x
At 11.00:00 AM.
- This IPO has been subscribed 0.33x by 11:00 AM. on Day 1
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.67x
- Employees: 0.00x
At 12.05:00 PM.
- This IPO has been subscribed 0.48x by 12:05 PM. on Day 1
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.96x
- Employees: 0.04x
At 1.05:00 PM.
- This IPO has been subscribed 0.60x by 1:05 PM. on Day 1
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 1.18x
- Employees: 0.07x
At 2.05:00 PM.
- This IPO has been subscribed 0.71x by 2:05 PM. on Day 1
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 0.15x
- Employees: 0.07x
At 3.05:00 PM.
- This IPO has been subscribed 0.84x by 3:05 PM. on Day 1
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.09x
- (RII) Retail Individual buyers: 1.65x
- Employees: 0.19x
At 4.05:00 PM.
- This IPO has been subscribed 0.93x by 4:05 PM. on Day 1
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.10x
- (RII) Retail Individual buyers: 1.82x
- Employees: 0.29x
At 5.05:00 PM.
- This IPO has been subscribed 1.09x by 5:05 PM. on Day 1
- It is a public issue of 1,08,44,104 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.17x
- (RII) Retail Individual buyers: 2.12x
- Employees: 0.41x
How to Apply for Tarsons Products IPO?
You can apply for the Tarsons Products IPO in these ways:
Demat Account
1. The existing users of the Angel One platform can click here to apply for Tarsons Products IPO.
2. However, new investors can open a Demat account free of cost on the Angel One platform. Then, investors can log in with the credentials that they receive to start bidding for Tarsons Products IPO.
UPI
Alternatively, you can apply for Tarsons Products IPO through UPI. First, you need to connect your bank account with a preferred UPI platform. Then, link it with your Angel One account. After that, you can use the UPI option present on the Angel One website and app to subscribe to Tarsons Products IPO.
Finally, go to the UPI app to book shares for the IPO.
Tarsons Products IPO – Noteworthy Highlights
The following section consists of some crucial highlights about Tarsons Products that prospective investors should be aware of:
1. The company boasts of having 5 well-equipped manufacturing facilities that are vertically integrated and come with automation facilities. This helps the company to maintain quality while cutting costs.
2. For the financial year ending on 31 March 2021, Tarsons Products registered a 23.67% growth in its net worth along with a 49.36% jump in EBITDA.
3. The total asset of Tarsons Products climbed by 19% during the last financial year.
4. Some of its products, such as cryovials, macro tips, micro tips, and centrifuge tubes, have received CE-IVD certification.
5. The company exports its lab products to more than 40 countries.
6. Tarsons Products come with operating revenue that ranges between Rs. 100-Rs. 500 crores for the financial year that ended on 31 March 2021.
Tarsons Products IPO - SWOT Analysis
Competitor Analysis: Tarsons Products
Competitor | Revenue |
---|---|
Innova Corporate | $17 million |
Acumen Labware | $5 million |
BrandTech Scientific Inc. | $5-$9.9 million |
PlastX | $5 million |
Jensen Inert Products | $1- $4.9 million |
Tarsons Products IPO FAQs
How can I apply for Tarsons Products IPO with the Angel One app?
Step 1: First, open the Angel One app and click on ‘Investment Opportunities'.
Step 2: Now, tap on ‘IPOs and FPOs’ and provide the necessary data.
Step 3: Put the valid UPI ID as authenticated by NPCI.
Step 4: Click on ‘Invest’ to subscribe to Tarsons Products IPO.
I don’t have a UPI ID. Can I apply for Tarsons Products IPO?
How can I locate my UPI ID?
Go to the ‘Profile’ section of your UPI app to locate your UPI ID. You can click here to check the screenshot for finding the UPI IDs on different apps.
When is the UPI mandate request approved?
How to create a UPI ID with the BHIM app?
Here is a step-by-step guide to creating a UPI ID on the BHIM app:
Step 1: Download the BHIM app.
Step 2: Now, verify the mobile number and then register using a password.
Step 3: Select your bank from the provided list.
Step 4: BHIM app will fetch your bank account details automatically.
Step 5: If you have more than one bank account, choose the one that you want to register with.
Step 6: Set a personal UPI ID.
Once done, you can check your UPI ID from the ‘Profile’ section.
Can I opt for multiple applications for Tarsons Products IPO?
How soon can I expect the UPI mandate request after placing an order?
Why am I not able to apply for Tarsons Products IPO through UPI ID?
Can I apply for Tarsons Products IPO if I don’t have my bank account linked with Angel One?
Why am I not able to find my UPI handle from the Angel One dropdown menu?
Do I have to pay a fee to apply for Tarsons Products IPO?
What is the cut-off price? Can I apply at this price?
Bidders should apply at the cut-off price to increase their chances of share allotment.
Can I apply for Tarsons Products IPO with a current account?
Can I apply for Tarsons Products IPO with my Hindu Undivided Family account?
The status of the IPO mandate request is pending even after I have the mandate request approved. Why so?
Can I apply for Tarsons Products IPO if I reside outside India?
What can lead to the rejection of my application for Tarsons Products IPO?
- You have provided an incorrect UPI ID during mandate approval.
- The UPI ID, bank account and Demat account are not linked with the same PAN card.
Let’s take an instance to have a clear understanding. If you have used your Demat account along with the UPI ID of your friend while applying for Tarsons Products IPO, the application might get dismissed. This will happen because:
- Your Demat account is not linked with your friend’s bank account.
- Your PAN card is not connected with your friend’s UPI ID.
How much time is required to block or unblock funds for IPO subscription?
The funds for the Tarsons Products IPO will be blocked once you have approved the UPI mandate request. However, if you are not successful in securing shares during the IPO allotment or if the UPI mandate is no longer valid, then the amount will be unblocked.
If the funds are not unblocked even after the aforementioned scenarios, you can contact your bank.
Can I subscribe to Tarsons Products IPO with my minor daughter’s account?
I have submitted my bids for Tarsons Products IPO. When will the funds be debited?
How to secure share allotment without fail?
Allotment of IPO is not a guaranteed process. This is because, during the case of oversubscription, share allotment takes place through lottery. Bidders should be aware that Angel One is simply a platform that facilitates the application of IPOs. It has no role in the allotment. To ensure that your application receives successful allotment, you can:
- Apply from one Demat account
- Apply at the cut-off price
- Make sure that your Demat account, UPI ID and bank account are linked with the same pan.
How can I delete or cancel my bid for Tarsons Products IPO?
Here’s how you can cancel or delete your bid for Tarsons Products IPO:
Step 1: Tap on the ‘Investment Opportunities’ option
Step 2: Go to ‘IPOs and FPOs’.
Step 3: Click on ‘Order Book’ and choose the IPO that you wish to cancel or withdraw.
Step 4: Click on ‘Details’ and tap on the ‘Cancel’ option.
Your bid for the said IPO will be withdrawn.
Why did I fail to get an IPO allotment?
Non-allotment: Allotment takes place through a lottery in case of oversubscription.
Rejection: IPO application might be rejected if –
- One applies for IPO through various Demat accounts connected with the same PAN card.
- The bid price is less than the final issue price.
- Demat account, bank account and UPI ID not linked with the one PAN card.