Tarsons Products was incorporated on July 5, 1983. The company is 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, Diagnostic companies and hospitals
| Bidding Dates |
|---|
| 15 Nov 2021 - 17 Nov 2021 |
| Subscription |
|---|
| 77.49x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,564 | 1 | 13 | 22 | 15.5 M | ₹635 - ₹662 | 70.94 % | ₹9817.3 M - ₹10234.7 M | RHP DOC |
Tarsons Products IPO SUBSCRIPTION STATUS
17 Nov '21Tarsons Products IPO overall subscription rate was 77.49 times the total available shares
Tarsons Products IPO retail subscription rate was 10.56 times in the retail segment
Tarsons Products IPO non-institutional investor subscription rate was 184.58 times in the non-institutional investor category
Tarsons Products IPO Qualified Institutional Bidder subscription rate was 115.77 times the available shares for Qualified Institutional Bidder
Tarsons Products IPO Employees subscription rate was 1.83 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
17 Nov 2021 (Day 3) | 10.56x | 184.58x | 115.77x | 1.83x |
16 Nov 2021 (Day 2) | 4.74x | 3.98x | 1.3x | 1.08x |
15 Nov 2021 (Day 1) | 2.12x | 0.17x | 0x | 0.41x |
Tarsons Products FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY22 | 248.4 | 691.5 | 228.9 | -192.8 | 54.46% |
| Q1FY21 | 69.7 | 420.2 | 108.4 | -4.1 | 30.1% |
| FY21 | 688.7 | 2,289.1 | 681.6 | 64.3 | 46.5% |
| FY20 | 405.3 | 1,759.0 | 642.2 | 382.5 | 40.8% |
| FY19 | 389.6 | 1,787.5 | 513.4 | 176.8 | 42.0% |
Tarsons Products IPO SUBSCRIPTION STATUS DETAILS
Tarsons Products had 15.5 M shares on offer
Tarsons Products IPO offer price was in the range ₹635 - ₹662
Tarsons Products IPO minimum Investment was ₹14564
Tarsons Products IPO issue size was ₹ 9817.3 M - ₹ 10234.7 M
Tarsons Products had a minimum lot size of 22 Shares per application
Tarsons Products NUMBER OF SHARES ON OFFER
Tarsons Products IPO IMPORTANT DATES
| Issue Open Date | 15 Nov 2021 |
| Issue close Date | 17 Nov 2021 |
| Allotment Date | 23 Nov 2021 |
| Refund Date | 24 Nov 2021 |
| Demat Account Credit Date | 25 Nov 2021 |
| Listing Date | 26 Nov 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Tarsons Products Allotment Status | Exchange |
Tarsons Products IPO subscription opened on 15 Nov 2021, and closed on 17 Nov 2021
IPO allotment for Tarsons Products was finalized on Tuesday, 23 Nov 2021
IPO listing for Tarsons Products was on NSE and BSE on Friday, 26 Nov 2021
Tarsons Products IPO LISTING GAINS
| Issue Price (adjusted) | 662.0 |
| Listing Open Price | 700.0 |
| Listing Close Price | 840.0 |
| Listing Gain% | 5.7% |
| Current Gain% | -52.8% |
Tarsons Products Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tarsons Products Ltd. | 312.3 | 1661.6 | 116 | -2.2 | 3.9 | 2.2 | 1.2 | 446.7 | 9.4 | 14.3 | -51.9 | 2.7 | -51.9 |
| Fabtech Technologies Cleanrooms Ltd. | 385 | 474.3 | 30 | 15.2 | 8.5 | 221.7 | 46.9 | 15.8 | 19 | 12.8 | |||
| Hemant Surgical Industries Ltd. | 356.2 | 464.5 | 24.2 | 13.9 | 7 | 237.7 | 112.7 | 19.2 | 138.7 | 14.7 | |||
| Prevest Denpro Ltd. | 380.8 | 457.1 | 22.3 | 1.7 | 6.4 | 16.4 | 15.4 | 76.7 | 14.4 | 20.5 | 12.9 | 17.1 | 12.9 |
| Aprameya Engineering Ltd. | 142.6 | 271.5 | 53.2 | 7.4 | 6.2 | 55.6 | -59.2 | 5.1 | -68.3 | 2.7 | |||
| QMS Medical Allied Services Ltd. | 113.3 | 219.1 | 18.4 | -0.2 | 1.3 | 11.4 | 5.6 | 173.9 | 10.3 | 11.9 | -1.5 | 6.2 | -73.8 |
Tarsons Products INFORMATION ON IPO ISSUE
About Tarsons Products
Tarsons Products was incorporated on July 5, 1983. The company is 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, Diagnostic companies and hospitals
Object of the Issue
1. Repayment/prepayment of all or certain of company’s borrowings;
2. Funding a part of the capital expenditure for new manufacturing facility at Panchla, West Bengal (proposed expansion) and;
3. General corporate purposes
Tarsons Products - PROMOTERS
| Name |
|---|
| Sanjive Sehgal |
| Rohan Sehgal |
Tarsons Products Book Running Lead Managers
ICICI Securities Limited
tarsons.ipo@icicisecurities.com
Edelweiss Financial Services Limited
tarsons.ipo@edelweissfin.com
SBI Capital Markets Limited
tarsons.ipo@sbicaps.com
Tarsons Products Registrar to the Offer
KFin Technologies Private Limited
tarsonsproducts.ipo@kfintech.com
Tarsons Products Strengths
Leading supplier
The company is a leading supplier of life sciences products
Product portfolio
The company has an extensive product offering
Market size
The company has large addressable market of life sciences industry and has strong sales and distribution network
well-equipped
The company is well-equipped and it has automated manufacturing facilities
Tarsons Products Risks
Imports raw material
The company imports over 75% of its raw material requirements
High competition
The company faces high competition from domestic as well as multinational companies
IPO FAQs
This IPO consists of an offer for sale of up to Rs 873.8 crore, of 13,200,000 shares. It also consists of a fresh issue of Rs 150.0 crore.
The promoters of the company are Sanjive Sehgal and Rohan Sehgal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 635.0 - 662.0.
The IPO application opens on Nov 15, 2021 and closes on Nov 17, 2021.
The minimum lot size for the IPO is 22. The maximum lot size for the IPO is 286.
For all category investors, the minimum application amount for this IPO is Rs. 14,564.0, the maximum value for this IPO is Rs 189,332.0.
This IPO will be allotted on Nov 23, 2021.
The refund will be credited to your account on Nov 24, 2021.
The allotted shares will be credited to your demat on Nov 25, 2021.
Tarsons Products Ltd.’s shares listed on the stock exchanges on Nov 26, 2021.