Tarsons Products gains 27% on debut on strong response to Rs 1,024 cr IPO

At Friday's close, Tarsons was valued at Rs 4,470 crore compared to Rs 3,522 crore valuation it sought in the IPO

Shares of Tarsons Products gained 27 per cent over their listing during the first day of trading on Friday. The stock closed at Rs 840 versus IPO price of Rs 662 per share.

The strong debut follows an impressive response to the company’s Rs 1,024-crore IPO. The offering garnered 77.5 times subscription. The institutional portion was subscribed 115 times, the wealthy investor portion by 184 times, the retail portion by 10.5 times.

The IPO comprised a Rs 150 crore fresh issue and Rs 874 crore offer for sale (OFS).

At Friday’s close, Tarsons was valued at Rs 4,470 crore compared