Tarsons Products Limited is a leading life sciences company, engaged in designing, developing, manufacturing, and marketing labware products. The company caters to a diverse range of end customers across various sectors which include research organizations, academic institutions, pharmaceutical companies, CROs, diagnostic companies, and hospitals.
The companies product portfolio is classified into three key categories which include consumables, reusables, and others, and has a portfolio with over 1,700 SKUs across 300 products.
The public offer of Tarsons Products comprises a fresh issue of equity shares aggregating up to Rs. 150 crores and an offer for sale of 1.32 crore equity shares from existing shareholders.
Financial Snapshot:
| Financial Year Ended | Revenue (₹ Crores) | Loss for the period (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 184.72 | 38.96 | 7.5 |
| March 2020 | 180.05 | 40.53 | 7.75 |
| March 2021 | 234.29 | 68.87 | 13.43 |
| Three months ended June 2020 | 43.57 | 6.97 | 1.33 |
| Three months ended June 2021 | 71.13 | 24.84 | 4.88 |
For more information, you can check out the IPO Prospectus filed by the company.
IPO Details:
| Issue Period | 15th November to 17th November 2021 |
|---|---|
| Price Range | ₹ 635 to 662 per share |
| Minimum Bid Quantity | 22 and in multiples thereof |
| Finalisation of Allotment | 23rd November 2021 |
| Initiation of Refunds | 24th November 2021 |
| Credit of Shares | 25th November 2021 |
| Listing Date | 26th November 2021 |
| Mandate end Date | 3rd December 2021 |
How do I apply to the Tarsons Products Limited IPO?
You can apply for the Tarsons Products Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Tarsons Products Limited IPO?
You can check the allotment status for the Tarsons Products Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 23rd November 2021.