Tarsons Products IPO: The initial public offer of life sciences company Tarsons Products Limited was subscribed 77.49 times.
Tarsons Products IPO: The initial public offer of life sciences company Tarsons Products Limited was subscribed 77.49 times, helped by huge interest from institutional investors. The Rs 1,023.84-crore IPO received bids for 84,02,81,684 shares against 1,08,44,104 shares on offer, as per NSE data.
Tarsons Products IPO Shares Allotment Date: Likely to be finalised on 23rd Nov.
Here is direct BSE link and step by step guide to know Tarsons Products IPO Shares Allotment status online:-
Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
Step 2- Select Tarsons Products IPO
Step 3- Enter your Tarsons Products IPO application number
Step 4- Enter your PAN card details
Step 5 – Click at ‘I’m not a robot’
Step 6 – Click at ‘Submit’ button
You will get to know the Tarsons Products IPO shares allotment status of your application
Tarsons Products IPO
-The non-institutional investors category was subscribed 184.58 times, Qualified Institutional Buyers (QIBs) 115.77 times and Retail Individual Investors (RIIs) 10.56 times.
-The initial public offer (IPO) had a fresh issue up to Rs 150 crore and an offer for sale of up to 1,32,00,000 equity shares.
– It had a price range of Rs 635-662 per share.
– Tarsons Products on Friday raised Rs 306 crore from anchor investors.
– The proceeds from the fresh issue will be utilised towards paying debt, funding a part of the capital expenditure for the new manufacturing facility at Panchla in West Bengal, and general corporate purposes.
– ICICI Securities, Edelweiss Financial Services and SBI Capital Markets were the managers to the offer.
-The equity shares of the company will be listed on BSE and NSE.
Tarsons Products
– Tarsons Products is engaged in designing, developing, manufacturing, and supplying a diverse range of quality labware products used in laboratories across research organisations, academic institutes, pharmaceutical firms, diagnostics companies and hospitals.
– It manufactures a range of quality labware products that help advance scientific discovery and improve healthcare.
– The company currently operates through its five manufacturing facilities located in West Bengal.
