INSUBCONTINENT EXCLUSIVE:
Tarsons Products' IPO was subscribed 77.49 times last week.New Delhi:Shares of Tarsons Products opened at a 5.76 per cent premium to their
offer price on Friday, joining a slew of domestic companies that have seen stellar market debuts in 2021.Tarsons Products debuted at Rs 700
on the BSE index, compared to the offer price of Rs 662
The stock opened at Rs 682 on the NSE platform.Soon after the opening, the stock surged more than 20 per cent to hit an intraday high of Rs
808.The initial public offer (IPO) of the Indian labware company, was subscribed 77.49 times last week, buoyed mainly by a lot of interest
shown in it by retail investors.The Rs 1,023.84 crore IPO had received bids for 84,02,81,684 shares against 1,08,44,104 shares on offer, as
per NSE data.The IPO consisted of a fresh issue of up to Rs 150 crore and an offer for sale of up to 1,32,00,000 equity shares.The
non-institutional investors category (NII) for Tarsons Products IPO was subscribed 184.58 times
Qualified institutional buyers (QIBs) was subscribed 115.77 times, while retail individual investors (RIIs) was subscribed 10.56 times."The
ongoing Covid-19 pandemic has provided a huge fillip to the companies engaged in scientific research and improvement of healthcare systems
Tarsons Products enjoys the status of being one of the most preferred vendors in the plastic labware space," SEBI-registered investment
advisor INDmoney said in a report.Tarsons Products is engaged in designing, developing, manufacturing and supplying a diverse range of
quality labware products used in laboratories across research organisations, academic institutes and pharmaceutical firms, among others.
