21.1 C
Delhi
Monday, December 6, 2021

Tarsons Products Listing: Shares of Tarsons Products climbed sharply after weak listing, 20 percent rally in minutes

Tremendous rally in the shares of Tarsons Product after the listing

The listing of Tarsons Products remained weak but after a few minutes, its shares saw a sharp rally. After a few minutes of trading, the shares of Tarsons Products registered a rise of 20 percent. This stock was listed at Rs 700 with a slow response, but within a short time it rose to Rs 795. The IPO of Tarsons Products was open earlier this month. Its offer price was kept at Rs 662. However, there was a lot of investor interest in the IPO of this life science company and all categories including its retail were oversubscribed. Its entire IPO was subscribed 77.49 times. After listing, its market capitalization reached Rs 3,724 crore.

Tarsons Products IPO was oversubscribed

The IPO of Tarsons Products was subscribed 115 times by QIB. At the same time, the share reserved for NII was subscribed 184 times. Reserve share for retail investors got subscribed ten times. According to the changed issue pattern, the promoters’ shareholding was reduced to 47.3 per cent. Earlier this stake was 50.78 percent, while the public shareholding increased from 49.22 percent to 52.7 percent.

Tega Industries IPO: Tega Industries IPO will open on December 1, know full details about the company

The company’s product profile is diversified

Tarsons Products is engaged in the design, development, manufacturing and marketing of consumable products and reusable products in different laboratories. According to analysts at Marwari Financial Services, the company’s portfolio is highly diversified. It has 1700 SKUs and more than 300 products which are used in research organizations, academic institutions, pharma companies, contract research organizations, diagnostic companies and hospitals. As of now it does not have any peer company listing in the market. The brokerage firm had advised to subscribe to its IPO. Later it was oversubscribed.

Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.

.

Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Latest news
- Advertisement -
Related news
- Advertisement -