The month of November has brought in a solid start, thanks to Nykaa’s stellar performance. Nykaa’s stock price rallied more than 90% on its listing day, which entrusted investors to invest in the queued IPOs such as Paytm, Sigachi Industries, Sapphire Foods India Ltd and more. Adding to this queue, is the latest IPO - Tarsons Products Ltd, which is going public on November 15, 2021. So, let’s take a look at some of its basic yet important factors!
- About the Company -
Tarsons Products Ltd is an Indian life sciences company which operates to produce and supply labware products. The company’s product portfolio is divided into three major categories such as - consumables, reusables, and others. As of March 31, 2021, the company has a diversified product portfolio with over 1,700 SKUs across 300 products. The company products are used in various laboratories across research organizations, academic institutes, pharmaceutical companies, Contract Research Organizations (CRO), diagnostic companies, and hospitals.
With over three decades of continued operations, the company has grown to establish 5 manufacturing facilities located in West Bengal, and has a strong distribution network across India comprising over 141 authorized distributors supplying its products to more than 40 countries.
- Tarsons Products Ltd IPO details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Tarsons Products IPO date and it’s share price.
- Tarsons Products Ltd IPO date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from November 15, 2021 and will be available for subscription until November 17, 2021.
- Tarsons Products Ltd IPO issue size -
The total issue size of the latest IPO of Tarsons Products Ltd is stated to be 1,023.47 Crs. The fresh issue comprises Rs 150 crores and the offer for sale is expected to be Rs 873.47 Crs.
- Tarsons Products Ltd IPO share price
The price band of the company’s upcoming IPO is declared to be ₹635 to ₹662 per equity share
- Tarsons Products Ltd IPO listing
Since the IPO of Tarsons Products Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
- Tarsons Products Ltd IPO objectives
According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects
- Repayment/prepayment of all or certain of company borrowings;
- Funding a part of the capital expenditure for the new manufacturing facility at Panchla, West Bengal (the “Proposed Expansion”);
- General corporate purposes.
Conclusion
With Nykaa’s blockbuster opening performance, investors at present look very bullish on investing in IPOs. But, before you go and invest in IPOs, it is recommended to take a view of the experts, which you can get for free with an online Motilal Oswal Demat Account! Sign-up for an online DEMAT and Trading Account with Motilal Oswal, and get expert opinion on stock recommendations on the go!
If you already have an existing account, you can start your online trading and invest in the upcoming IPO's.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.