“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.
 "initial public offerings")
