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Issue size

Upto Rs. 1023 cr

Issue Period

Nov 15 – Nov 17, 2021

Price band

Rs. 635 – Rs. 662

Market lot / Multiples

22 shares

Issue Timeline

Bidding period

Nov 15 – Nov 17, 2021

Allotment

Nov 23, 2021

Refund Initiation

Nov 24, 2021

Share Crediting

Nov 25, 2021

Listing

Nov 26, 2021

Tarsons Products Ltd Company Overview

Tarsons Products Lts is a leading Indian life sciences company engaged in the designing, development, manufacturing and marketing of ‘consumables’, ‘reusables’ and ‘others’ including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations (“CROs”), Diagnostic companies and hospitals. They manufacture a range of quality labware products which helps advance scientific discovery and improve healthcare.

As of March 31, 2021, they had a diversified product portfolio with over 1,700 SKUs across 300 products.

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Strengths & Risks associated

Top 0 Strengths

  • 1

    Comparison with Listed Industry Peers

    There are no listed entities whose business portfolio is comparable with that of Tarsons Products business and comparable to their scale of operations.

  • 2

    Leading Indian supplier to life sciences sector with strong brand recognition and high-quality products

    They believe that, with over 36 years of experience in this space, they have successfully built ‘Tarsons’ into a leading Indian company in the plastic labware market in India and gained expertise in the production of a wide range of labware products.

  • 3

    Provide a diverse range of labware products across varied customer segments

    They are among the top three labware manufacturing companies in India, providing an extensive range of laboratory consumables, reusables and ‘others’ product categories.

Top 0 risks

  • 1

    Failure to comply with quality standards may have an adverse effect on demand and on their reputation & business

    They have emphasized on building strong quality management systems in their manufacturing processes as well as the raw materials used for manufacturing their products. Failure to maintain compliance with these quality standards may disrupt their ability to supply products which meet their end customers’ requirements.

  • 2

    Any delay, interruption, or reduction in the supply of raw materials to manufacture our products may adversely affect the business

    They identify and approve multiple third-party suppliers, from whom they procure raw materials, packaging material and services, including in relation to radiation and disinfection of their products.

  • 3

    Inability to implement enhanced and efficient manufacturing processes in business operations as per industry standards could affect business

    There is a continued focus on product and process improvement. Maintaining high standards of process innovation and quality in manufacturing operations is critical to the brand and maintenance of long-term relationships with end use customers.

Financials

  • Net Worth
  • Total Income
  • Total assets
  • Revenue from Operations
  • Cash and cash equivalents at the end of the year
  • Total Borrowings
  • Restated Profit for the Year

Net Worth

Total Income

Total assets

Revenue from Operations

Cash and cash equivalents at the end of the year

Total Borrowings

Restated Profit for the Year

Industry Trends

Past performance of IPOs

Steps to Apply

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FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.