Tarsons Products IPO GMP, Grey Market Premium & Kostak
Tarsons Products IPO GMP, The company is an Indian labware company 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 (“CROs”), Diagnostic companies and hospitals.
The company manufactures a range of quality labware products which helps advance scientific discovery and improve
healthcare (Source: Frost & Sullivan Report). As of June 30, 2021 it has a diversified product portfolio with over 1,700 SKUs across 300 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.
It is one of the leading Indian companies in terms of revenue in the plastic labware market in India which is estimated as ₹1,225 Cr as of 2020 in value terms and estimated to expand at a CAGR of 16.00% to reach approximately ₹2,575.5 Cr by year
2025. The company caters to the global plastic laboratory products market which was estimated to be USD 8.4 billion in 2020 and is expected to expand at a CAGR of approximately 10.50% to reach approximately USD 13.8 billion by year 2025 (Source: Frost & Sullivan Report). It supplies its products to over 40 countries across both developed and emerging markets through a blend of branded and ODMs
Rs 150
Rs 150
NA
NA
1983
Sanjive Sehgal
Issue Amount : Upto ₹1,024 Cr
Post Issue Implied Market Cap: Upto ₹3,522 Cr at Upper band
Total shares on offer : Upto 15,465,000 Equity Shares
Face Value : ₹2 per share
Price Band : ₹635 to ₹662
Lot Size : 22 shares
Registrar : Kfin Technologies Pvt Ltd.
Allocation Category
QIB 50%
NIB 15%
Retail 35%
Employee –
IPO Open: Monday, November 15, 2021
IPO Close: Wednesday, November 17, 2021
Finalization of basis of allotment: 23 Nov 2021
Refunds/Unblocking ASBA fund: 24 Nov 2021
Credit of equity shares to DP account: 25 Nov 2021
Listing Date (Trading commences): 26 Nov 2021
Lot size 22 Share, Minimum Investment cut-off price 22×662= Rs 14,564 for one lot, Max lot for individual 13 lot, total investment 13×14,564= Rs 1,89,332.
1. Repayment/prepayment of all or certain of the company’s borrowings.
2. Funding a part of the capital expenditure for the new manufacturing facility at Panchla, West Bengal (the “Proposed Expansion”).
3. General corporate purposes.
1. Leading Indian supplier to life sciences sector with strong brand recognition & quality products. 2. Provides a diverse range of labware products across varied customer segments.
3. Large addressable market with long-standing relationships with key end customers.
4. Experienced promoter backed by strong management team
For the year/period ended (₹ in Crore)
| Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Assets | 296 | 249 | 212 |
| Revenue | 234 | 180 | 185 |
| Profit | 68.87 | 40.53 | 38.95 |
Issue Size: 1,024 Cr
15 November 2021 to 17 November 2021.
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Tarsons Products IPO by login into Zerodha Console (back office) and Select an IPO application form.
Steps to apply in Tarsons Products IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Tarsons Products IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.
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