Shares of Tarsons Products Limited will hit the stock markets on Friday. Tarsan Products Limited is set to be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 26 November at 10 AM. Tarson Products Initial Public Offering (IPO) received an overwhelming response from investors when it was opened. for subscription earlier this month. tarsan products IPO was subscribed 77.49 times as compared to 1.08 crore shares.
As per data available with the National Stock Exchange (NSE), the IPO of Tarson Products received bids for 84.02 crore shares against a total issue size of 1.08 crore shares. The quota reserved for Qualified Institutional Buyers (QIBs) was oversubscribed 115.77 times. The portion set aside for non-institutional investors was booked 184.58 times and retail individual investors (RIIs) subscribed 10.56 times.
Good response from investors, future expansion plans of the company and good premium in gray market indicate huge listing for it
Commenting on the listing gains from Tarsons Products Limited, Abhay Doshi, Founder, Unlisted Arena, said, “The IPO of Tarsons Products Limited received a good response from the participants despite the high side price. Strong growth prospects coupled with good margins made the issue attractive. In my view, investors should be rewarded when this issue is listed and it may get listed around ₹800 to ₹850, which translates to around 20 per cent profit, which is fair.”
Tarson Products is an Indian labware company started in 1983. It is engaged in the design, development, manufacturing and marketing of ‘consumable’, ‘reusable’ and ‘other’ benchtop equipment, which are used
Various laboratories in research organizations, academic institutions,
Pharmaceutical companies, contract research organizations, clinical companies and hospitals. It manufactures a range of quality labware products that help advance scientific discovery and improve healthcare. It has a diverse product portfolio with over 1,700 SKUs across 300 products