INSUBCONTINENT EXCLUSIVE:
Tarsons Products IPO was subscribed 77.5 times on final day of its issueThe Rs 1,024 crore preliminary public deal (IPO) of Tarsons
Products' was subscribed 77.5 times on Wednesday, which was the last day of its issue
The qualified institutional purchasers' part was subscribed 115 times, the non institutional financiers' portion 184 times, and the retail
The portion scheduled for workers was subscribed 1.8 times.The business had priced the concern in between Rs 635-662 per share
The IPO consisted of a Rs 150 crore fresh problem and Rs 874 crore market (OFS)
On top end, the business will have a market cap of Rs 3,522 crore
Tarsons' profits share for the trailing 12-month ended June 2021 stood at Rs 16.3 per share.Tarsons Products is a labware business
participated in the manufacturing and marketing of consumables, reusables and others, including benchtop equipment
It caters to the life sciences sector.The company had actually raised Rs 306 crore from 32 anchor investors, which included government of
Singapore, Abu Dhabi Investment Authority, ICICI Prudential Smallcap Fund, Mirae Asset Healthcare Fund and Aditya Birla MF.
