Tarsons IPO subscribed 3.6x on Day-2 on retail, HNI interest

Offer consists of Rs 150 cr fresh fund raise and OFS of Rs 874 cr. Price band is Rs 635-662 a share, at the top-end, firm will have a market cap of Rs 3,522 cr

Labware manufacturer Tarsons Products’ IPO was subscribed 3.6 times on Tuesday, a day ahead of its close. The retail portion of the issue has garnered 4.74 times subscription, wealthy investor portion 4 times and institutional investor portion 1.3 times. Tarsons Products’ IPO consists of Rs 150 crore of fresh fund raise and an offer for sale (OFS) of Rs 874 crore. The price band for Tarsons’ IPO is Rs 635-662 per share. At the top-end, the company will have a market cap of Rs 3,522 crore.