Tarsons IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Tarsons IPO Subscription

Tarsons IPO Subscription Status: FINAL

Tarsons Products Limited is 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.

Investor CategoryQuotaSubscription
Institutional (QIB)50%115.77x
Non-Insti. (HNI)15%184.58x
Retail (RII)35%10.56x
Employee1.83x
Total Subscription100%77.49x

Tarsons IPO Subscription: Analyst Recommendations

Choice Broking – Subscribe with Caution

“With respect to its performance in FY20, its business and profitability increased drastically in the pandemic year. However, we believe that the current business growth and profitability expansion is not sustainable. There is a respectable import market for the company to capture and also a huge export opportunity arising from the ‘China plus one’ strategy, in case the globe adopts this strategy in the post-Covid period.”

Marwadi Shares and Finance – subscribe

“The company is a leading Indian supplier to the life sciences sector with strong brand recognition quality products, and provides a diverse range of labware products. It is available at reasonable valuation on an absolute basis”

ANAND RATHI – SUBSCRIBE FOR LONGTERM

“At the upper end of the IPO price band, Tarsons Products Ltd. is offered at P/E of 40.7x its TTM earnings, with a market capitalization of Rs 35,222 million. The company is a leading supplier to the life sciences sector, with a diverse range of labware products across varied customer segments in an industry that has a large addressable market. The company has high-profit margins and also reported RoNW of 28.19 percent in FY21, however, valuation is on the higher side”

Tarsons IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB 0.00x 1.30x115.77x
HNI0.17x3.98x184.58x
Retail2.12x4.74x10.56x
Employee0.41x1.08x 1.83x
Total 1.09x 3.58x 77.49x

Tarsons IPO Subscription: Key IPO Details

TypeValue
Issue Size₹1,023.47 Cr
Open Date15/11/2021
Close Date17/11/2021
Face Value₹2/- per Equity Share
IPO Price₹635 – ₹662
Lot Size 22 shares
LotsMin 1 – Max 13

Tarsons IPO Subscription: Financials

201920202021 Mar2021 June
Revenue from Ops₹178.75 Cr₹175.90 Cr₹228.91 Cr₹69.15 Cr
Prof Before Exp. Items₹55.83 Cr₹53.13 Cr₹92.43 Cr₹33.34 Cr
Profit after Tax₹38.96 Cr₹40.53 Cr₹68.87 Cr₹24.84 Cr
EPS (Basic)7.657.9413.434.88
₹ in Crores, except EPS

EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS10.64
* Weighted Average for last 3 years

Tarsons IPO: Comparison with listed industry peers

As per RHP, there are no listed companies in India whose business portfolio is comparable with that of Fino Payment’s business and comparable to the scale of its operations.

Tarsons IPO Subscription – FAQs

1. How to apply for Tarsons IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Tarsons IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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