You are here: Home » Markets » IPOS » News
Business Standard

Labware company Tarsons Products' Rs 1,024-crore IPO to open Monday

The price band is Rs 635-662, firm will raise Rs 150 cr in fresh capital, OFS component is worth Rs 874 crore.

Topics
IPO | shares

BS Reporter  |  Mumbai 

initial public offerings

Tarsons Products’ Rs 1,024-crore will open for subscription on Monday. The price band for the issue is Rs 635-662 per share. The company will raise Rs 150 crore in fresh capital through the The offer for sale (OFS) component of the is worth Rs 874 crore.

“Considering the TTM (June 2021) adjusted EPS of Rs 16.3 on post issue basis, the company is going to list at a P/E of 40.61 with a market cap of Rs 3,522 crore. There are no listed entities whose business portfolio is comparable with that of the company's business and comparable to their scale of operations,” said Marwadi Financial Services in a note.

The brokerage has a ‘subscribe’ rating on the IPO. Tarsons Products is an Indian labware company engaged in the manufacturing and marketing of consumables, reusables and others including bench-top equipment. It caters to the life sciences sector.

The company's product portfolio is classified into three key categories. ‘Consumables’ category includes products such as centrifuge ware, cryogenic ware, liquid handling, PCR consumables and petri dish, transfer pipettes and others. ‘Reusables’ category includes products such as bottles, carboys, beakers, measuring cylinders and tube racks. ‘Others’ category includes benchtop instrumentation such as vortex shakers and centrifuge pipettors.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, November 12 2021. 17:06 IST
RECOMMENDED FOR YOU
.