Tarsons Products Ltd. IPO

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.

RHP
View
DRHP
View
Open Date

2021-11-15

Close Date

2021-11-17

Tarsons Products Ltd. IPO Details

Check out the issue details for Tarsons Products Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 662

Price Band

₹ 635 - 662

Issue Size

1023.47 Cr.

Issue Type

Book Built

Open

2021-11-15

Close

2021-11-17

Listingprice

₹ 682

ListingGain

3.02%

Listing Date

2021-11-26

CMP

₹ 379.85

Current Return

-42.62%

Tarsons Products Ltd. News

Tarsons Products informs about earnings call transcript13 Nov, 5:26PM Tarsons Products informs about investor presentation8 Nov, 9:48AM Tarsons Products - Quaterly Results7 Nov, 12:00PM Tarsons Products - Quaterly Results7 Nov, 12:00PM Tarsons Products - Quaterly Results7 Nov, 12:00PM Tarsons Products - Quaterly Results14 Aug, 6:00PM Tarsons Products - Quaterly Results30 May, 1:56PM Tarsons Products - Quaterly Results30 May, 1:56PM Tarsons Products informs about earnings call transcript21 Feb, 3:07PM Tarsons Products informs about earnings call transcript21 Feb, 2:39PM Tarsons Products - Quaterly Results13 Feb, 6:04PM Tarsons Products - Quaterly Results13 Feb, 6:04PM Tarsons Products informs about analyst meet 3 Jan, 4:25PM Tarsons Products informs about credit rating3 Jan, 2:12PM Tarsons Products submits analyst meet intimation21 Dec, 1:03PM Tarsons Products gets nod to make investments in Tarsons Life Science13 Dec, 9:41AM Tarsons Products informs about analyst meet 17 Nov, 4:57PM Tarsons Products gets nod to incorporate wholly owned subsidiary in Singapore11 Nov, 2:35PM Tarsons Products - Quaterly Results11 Nov, 12:00PM Tarsons Products - Quaterly Results11 Nov, 12:00PM

Company Financials

You can get the following financial statements of Tarsons Products Ltd. as of now.

Company Name

Tarsons Products Ltd.

Exchange

NSE: TARSONS BSE: 543399

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Tarsons Product IPO is as:

  • The issue size of the IPO is 1023.47 Cr.
  • The price band ranges from Rs 635 to Rs 662.
  • The shares of Tarsons Product will list on 26th November 2021.
  • The latest tentative GMP of Tarsons Product IPO is Rs 160.
  • The Employees of the company are entitled to a discount of Rs 61.
  • Tarsons Product IPO is subscribed 77.49 Times as of 17th November 2021.

 

Tarsons Product Limited Valuation

The approx valuation of Tarsons Product IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 662
Existing Shares (Qty) 5.09 Cr
Fresh Issue 150 Cr
Market Cap 3520 Cr
EPS Rs 10.64
PE Ratio 62x
Industry PE No peers

 

Tarsons Product Limited Issue Size

Tarsons Product IPO issue size is 1023.47 Cr. 

Issue Amount
Fresh Issue 150 Cr
Offer For Sale 873.47 Cr

 

Tarsons Product IPO Market Lot

An Individual can apply for a minimum 1 lot of 22 shares and a maximum of 13 lots of 286 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 22 Rs 14,564
 Maximum 13 286 Rs 1,89,332

 

Tarsons Product IPO share offer

Tarsons Product IPO is subscribed 77.49 Times as of 17th November 2021. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 115.77 Times
Non-Institutional Minimum 15% 184.58 Times
Retail Individual Minimum 35% 10.56 Times
Employee 60000 shares 1.83 Times
Total   77.49 Times

 

Tarsons Product IPO Grey Market Premium

As on GMP (Tentative)
19 November 2021 Rs 220
20 November 2021 Rs 210
21 November 2021 Rs 210
22 November 2021 Rs 180
23 November 2021 Rs 160

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Tarsons Product IPO:

Schedule Date
Basis of Allotment 23 November 2021
Refunds 24 November 2021
Credit to Demat Account 25 November 2021
IPO Listing Date 26 November 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 175.9 228.91 300.79 283.25 277.31
Total Expenditure 107.51 125.65 148.1 153.93 173.87
Operating Profit 68.4 103.26 152.7 129.32 103.44
Other Income 5.01 5.56 8.47 12.37 14.16
Interest 6.1 2.72 4.22 4.47 9.95
Depreciation 14.17 13.66 21.96 28.51 38.28
Exceptional Items 0 0 0 0 0
Profit Before Tax 53.13 92.43 134.99 108.72 69.37
Provision for Tax 12.6 23.56 34.33 28.01 18.12
Net Profit 40.53 68.87 100.66 80.71 51.25
Adjusted EPS (Rs.) 0.76 1.35 1.89 1.52 0.96

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.2 0.19 10.64 10.64 10.64
Total Reserves 197.37 244.15 479.19 558.66 609.78
Borrowings 5.9 3.27 9.35 80.69 102.01
Other N/C liabilities 77.24 102.38 139.3 141.9 185.49
Current liabilities 40.44 41.8 34.91 87.52 217.26
Total Liabilities 321.14 391.79 673.39 879.41 1125.18
Assets
Net Block 92.04 120.43 188.79 224.85 251.81
Capital WIP 19.29 21.5 32.25 118.97 267.02
Intangible WIP 0 0.58 0 0 0
Investments 0 0 0 0 0
Loans & Advances 89.91 136.24 207.76 258.89 397.84
Other N/C Assets 0.05 0.24 0.06 0.07 0.07
Current Assets 119.85 112.8 244.53 276.64 208.44
Total Assets 321.14 391.79 673.39 879.41 1125.18
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 2.6 3.38 5.93 4.86 10.65
Profit Before Tax 17.32 13.69 25.51 8.72 17.51
Tax 4.52 3.62 6.72 2.26 4.58
Profit After Tax 12.8 10.07 18.78 6.46 12.93
Adjusted EPS (Rs) 2.41 1.89 3.53 1.21 2.43

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 47.31 0
Jun 2024 47.31 0
Mar 2024 47.31 0
Dec 2023 47.31 0
Sep 2023 47.31 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 53.13 92.43 134.99 108.72 69.37
Adjustment 19.98 15.76 23.66 27.5 47
Changes in Assets & Liabilities 6.43 -15.98 -41.81 -36.32 6.76
Tax Paid -15.33 -24.07 -33.38 -24.3 -18.1
Operating Cash Flow 64.22 68.16 83.47 75.6 105.03
Investing Cash Flow -25.58 -63.91 -137.93 -178.54 -296.46
Financing Cash Flow -13.83 -27.22 129.58 84.56 136.4
Net Cash Flow 24.8 -22.98 75.11 -18.38 -55.02
X