Tarsons Products Limited IPO
Kolkata based Tarsons Products Limited is a leading Indian labware company engaged in the production and supply of laboratory plastic ware for use in various laboratories across research organizations, academic institutions, pharmaceutical companies, CROs, diagnostic companies and hospitals.
The company manufacture a range of quality labware products that helps advance scientific discovery and improve healthcare. The products are classified into three categories, which include Consumables, Reusables, and Others. ‘Consumables‘ category consists of centrifuge ware, cryogenic ware, liquid handling, PCR consumables and petri dish, transfer pipettes and others. ‘Reusables‘ category consists of bottles, carboys, beakers, measuring cylinders, and tube racks. ‘Others‘ category consists of benchtop instrumentation such as vortex shakers, centrifuges pipettors and others. As of Jun 30, 2021, the company has a diversified product portfolio with over 1,700 SKUs across 300 products.
The company currently operate through five manufacturing facilities located in West Bengal. In addition, it has a strong distribution network consisting of 141 distributors spread across the county with major markets in the South followed by the West, then the North and the East.
Qualitative Factors
- Supplier to life sciences sector.
- Range of plastic labware products across varied customer segments.
- Operating in an industry that has an adressable market.
- Well-equipped and automated manufacturing facilities.
- Geographic reach through strong sales and distribution network.
- Experience Promoter backed by an able management team.
Objects of the Offer
- Funding capital expenditure for the proposed expansion.
- Repayment/prepayment certain borrowings.
- General corporate purposes.
Company’s Promoters
Sanjive Sehgal (Chairman and Managing Director with over 30 years of experience) and Rohan Sehgal (Whole-Time Director with over 7 years of experience) in the labware manufacturing sector in India are the company’s promoters.
Financials of Tarsons Products Limited
| Parameter (₹ in millions) | FY 21 (Consolidated) | FY 20 (Standalone) | FY 19 (Standalone) |
| Total Assets | 2,959.50 | 2,487.06 | 2,119.58 |
| Total Revenue | 2,342.91 | 1,800.54 | 1,847.19 |
| Net Profit | 688.70 | 405.31 | 389.58 |
| Parameter | For the three months period ended (₹ in millions) | |
| 30 June 2021 (Consolidated) | 30 June 2020 (Standalone) | |
| Total Assets | 3,647.74 | 2,356.57 |
| Total Revenue | 711.27 | 435.73 |
| Net Profit | 248.35 | 69.68 |
Tarsons Products IPO Issue Details
| Issue Open | 15 Nov 2021- 17 Nov 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | [.] equity shares of ₹ 2 (aggregating up to ₹ 1,023.47 Cr) |
| Fresh Issue | [.] equity shares of ₹ 2 (aggregating up to ₹ 150 Cr) |
| Offer for Sale | 13,200,000 equity shares of ₹ 2 (aggregating up to ₹ [.] Cr) |
| Face Value | ₹ 2 per equity share |
| Issue Price | ₹ 635 to ₹ 662 per equity share |
| Market Lot | 22 shares |
| Min Order Quantity | 22 shares |
| Listing At | BSE, NSE |
| Allotment Date | 23 Nov 2021 |
| Listing Date | 26 Nov 2021 |
Tarsons Products IPO Bid Details
| Sl No. | Category | Subscription Status (No. of times) | ||
| 15 Nov 21 | 16 Nov 21 | 17 Nov 21 | ||
| 1. | QIB | 0.00 | 1.30 | 115.77 |
| 2. | NII | 0.17 | 3.98 | 184.58 |
| 3. | RII | 2.12 | 4.74 | 10.56 |
| 4. | Employee | 0.41 | 1.08 | 1.83 |
| Total | 1.09 | 3.58 | 77.49 | |
| Book Running Lead Managers |
| 1. ICICI Securities Limited |
| 2. Edelweiss Financial Services Limited |
| 3. SBI Capital Markets Limited |
| Registrar to the Offer |
| KFin Technologies Private Limited |
| Karvy Fintech Private Limited) Selenium Tower-B, Plot 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana 500032, India Tel: (91 40) 6716 2222, 1800 309 4001 E-mail: tarsonsproducts.ipo@kfintech.com Investor Grievance e-mail: Einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M. Murali Krishna SEBI Registration Number: INR000000221 |
Registered and Corporate Office: Martin Burn Buisness Park, Room No. 902 BP- 3, Salt Lake, Sector- V, Kolkata 700091, West Bengal, India; Tel: +91 33 3522 0300
Source: Tarsons Products Limited RHP
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