Tarson Products IPO Allotment Status: The Initial Public Offering (IPO) for Tarsons Products is ready to release the IPO allotment. The share allotment status of Tarson Products is likely to be finalized on November 23, 2021. At present, the company operates through its five manufacturing facilities in West Bengal which are as follows; development, engagement in the designing, reusables, manufacturing & marketing of consumables, and others including benchtop equipment. Besides, It manufactures a range of quality labware products. Once the allotment status is declared, bidders will be able to check their allotment status online by logging in to the BSE website bseindia.com/investors/appli_check.aspx or KFin Technologies https://ris.kfintech.com/ipostatus/ipos.aspx).
Tarsons Products IPO Allotment Status
The Initial Public Offering (IPO) of Tarson Products was subscribed 77.49 times over the 1.08 crore shares when closed. Earlier, the company decided to allocate a total of 13,553,898 equity shares to 34 anchor investors at Rs 197 a piece, and the transaction size of Rs 267 crore. Tarson Products IPO received a strong response from its investors. The portion received for the qualified institutional buyers (QIBs) was oversubscribed by 115.77 times, the non-institutional investors (NIIs) were reserved 184.58 times, and the retail individual investors (RIIs) portion was reserved 10.56 times. In addition, the employee segment was subscribed separately 1.83 times. The IPO will be utilised for paying debt, funding a part of the new manufacturing facility at Panchla in West Bengal, and general corporate purposes.
|Organization||Tarsons Products Limited|
|IPO Issue Dates||15 Nov 2021|
|Last date of Subscription||17 Nov 2021|
|Share Allotment Date||23 Nov 2021|
|Listing Date||26 Nov 2021|
Tarson Products IPO Allotment Subscription Status Link
As per the National Stock Exchange (NSE) report, Tarson Products received a bid of over 84.02 crores (84,02,81,684) shares against the total issue size of over 1.08 crore (1,08,44,104) shares. With the help of required credentials, the eligible candidates can check their application status online by and logging in at the official BSE website or at the website of the KFintech of the IPO. A huge number of candidates had applied for the application process. But, those candidates who will satisfy the company’s requirements can get the allotment of share. The company had a fresh issue of Rs 150 crores and an offer for sale (OFS) of up to 1,32,00,000 equity shares. The company had a diversified product portfolio with over 1,700 SKUs (stock-keeping units) across 300 products as of June 2021.
|Price Band||Rs 635-662 per share|
|Fresh Issue||Rs 150 crore|
|OFS||1,32,00,000 Eq. shares|
|IPO Subscribed||77.49 times|
|Face Value||Rs 2 per share|
|Lot Size||22 share|
Tarsons Products IPO GMP, Subscription Status
Investors are looking forward to sharing the allotment date of the Tarsons Products IPO. It is expected that the Tarsons Products IPO listing will take place on 23rd Nov 2021. The minimum share quantity of shares is 22 shares. The IPO allotment process for Tarsons Products is likely to begin today. So, eligible investors are advised to keep an eye on this page for the latest bulletins. Finally, the listing of shares will take place on 26 Nov 2021. As per the experts, the stock is to debut with around 20-30 percent premium over the issue price. In the Grey Market shares are available at a price of Rs 812-832. Investors are suggested that the company will soon release the allotment date of share. So, kindly stay connected with us to stay updated about Tarson Products IPO Allotment Status and read this page carefully. Also, check the links as well as the How to Check the Tarson Products Allotment Status given below.
Tarsons IPO Allotment Status Check Online On BSE?
- Go to the website direct link: bseindia.com/investors/appli_check.aspx.
- Login you account.
- Selection the Tarson Products IPO.
- Now, Enter the Application Number and PAN Number.
- Click on ‘I am not a robot’ button.
- Submit details and view Tarson Products Allotment Status.
- Check the account details.
Tarson Products IPO Allotment Check at KFintech?
- Visit the website: kprism.kfintech.com/ipostatus/
- Go to the drop down menu and Select Name.
- Select the Tarson Products IPO.
- Enter the PAN details.
- Then, click on the Search button.
- Check Tarson Products IPO allotment status.