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IPO

Tarsons Products Ltd.

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
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DRHP
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Open Date

2021-11-15

Close Date

2021-11-17

IPO Details

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

Price Band

₹ 635 - 662

Issue Size

1023.47 Cr.

Issue Type

Book Built

Open

2021-11-15

Close

2021-11-17

Listing Date

2021-11-26

Company Financials

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

Subscription Details

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.

 

Allotment Details

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 2019 Mar 2020
Net Sales 178.75 175.9
Total Expenditure 107.08 106.65
Operating Profit 71.67 69.25
Other Income 5.97 4.15
Interest 7.25 6.1
Depreciation 14.56 14.17
Exceptional Items 0 0
Profit Before Tax 55.83 53.13
Provision for Tax 16.87 12.6
Net Profit 38.96 40.53
Adjusted EPS (Rs.) 202.91 202.66

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 0.19 0.2
Total Reserves 135.08 197.37
Borrowings 18.69 5.9
Other N/C liabilities 3.96 4.8
Current liabilities 54.03 40.44
Total Liabilities 211.96 248.71
Assets
Net Block 88.97 92.04
Capital WIP 6.56 19.29
Intangible WIP 0 0
Investments 0 0
Loans & Advances 18.81 17.47
Other N/C Assets 0.51 0.05
Current Assets 97.12 119.85
Total Assets 211.96 248.71
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020
Profit from operations 55.83 53.13
Adjustment 21.33 19.98
Changes in Assets & Liabilities -8.78 6.43
Tax Paid -17.03 -15.33
Operating Cash Flow 51.34 64.22
Investing Cash Flow -33.56 -25.58
Financing Cash Flow -18.25 -13.83
Net Cash Flow -0.47 24.8
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