Tarsons Products Limited 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 SehgalIPO 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 - 662 per equity share |
| Market Lot | 22 Shares |
| Min Order Quantity | 22 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1023.47 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Tentative Timetable
The Tarsons Products Limited 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 |
IPO Lot Size
The Tarsons Products Limited IPO market lot size is 22 shares. A retail-individual investor can apply for up to 14 lots (308 shares or ₹203896).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 22 | ₹14564 |
| Maximum | 14 | 308 | ₹203896 |
IPO Promoter Holding
| Pre Issue Share Holding | 50.75% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 295.95 | 234.29 | 68.87 |
| 31-Mar-20 | 248.70 | 180.05 | 40.53 |
| 31-Mar-19 | 211.95 | 184.72 | 38.96 |
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
