Tarsons Products IPO Review

Tarsons Products Limited IPO

Tarsons Products 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 Assets2,959.502,487.062,119.58
Total Revenue2,342.911,800.541,847.19
Net Profit688.70405.31389.58


ParameterFor the three months period ended (₹ in millions)
 30 June 2021 (Consolidated)30 June 2020 (Standalone)
Total Assets3,647.742,356.57
Total Revenue711.27435.73
Net Profit248.3569.68


Tarsons Products IPO Issue Details

Issue Open15 Nov 2021- 17 Nov 2021
Issue TypeBook 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 Sale13,200,000 equity shares of ₹ 2 (aggregating up to ₹ [.] Cr)
Face Value₹ 2 per equity share
Issue Price₹ 635 to ₹ 662 per equity share
Market Lot22 shares
Min Order Quantity22 shares
Listing AtBSE, NSE
Allotment Date23 Nov 2021
Listing Date26 Nov 2021


Tarsons Products IPO Bid Details

Sl No.

CategorySubscription Status
(No. of times)
15 Nov 2116 Nov 2117 Nov 21


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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