INSUBCONTINENT EXCLUSIVE:
Tarsons Products IPO got an excellent reaction on first day of its issueLabware company Tarsons Products' initial public deal (IPO) was
subscribed 1.09 times on the very first day of its issue, as it received bids for 1.18 crore equity shares out of 1.08 crore on offer.As the
business had raised Rs 305.96 crore from anchor investors on November 12 itself, the offer size had been lowered from 1.54 crore equity
The concern closes on November 17
The part allocated for retail investors was subscribed 2.12 times while non-institutional financiers' portion was subscribed 17
percent.Employees, for whom 60,000 equity shares are booked, have actually put in bids of 24,332 shares
Qualified institutional purchasers are yet to put in the bids.Tarsons Products is preparing to raise Rs 1,023.84 crore through the general
public problem at an upper rate band of Rs 662 per share
The offer consisted of a fresh problem of Rs 150 crore and a market of Rs 873.84 crore by promoters and investors.It plans to use the
earnings from the problem for payment of debt and towards capital expenditure for setting up a brand-new center in Panchla, West
Bengal.Tarsons Products is involved in developing, development, production and marketing of consumables, reusables and others, including
