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Tarsons Products Limited

Tarsons Products Limited

listed
₹13,970Min. investment

Tarsons Products Limited IPO Details

Price range₹635 – ₹662
IPO type
Regular
Lot size22 shares
Issue size₹1,023Cr
RHP/DRHP
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Tarsons Products Limited Timeline

  1. Bid start
    15 Nov 2021
  2. Bid end
    17 Nov 2021
  3. Allotment
    17 Nov 2021
  4. Release of funds
    24 Nov 2021
  5. Demat transfer
    23 Nov 2021
  6. Listing
    26 Nov 2021
Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.
The company plans to go public and here’s all you need to know about this IPO.
Financial information
Here’s the consolidated financial information for the last three years:
ParticularsFY21FY20FY19
Strengths
  • The company has a market share of about 12% in the labware space in India, which is dominated by multinational companies such as Thermofisher, Corning, etc. 
  • Serves top-league clients such as Dr. Reddy’s, Syngene International, Metropolis Healthcare and Indian Institute of Chemical Technology among others. 
  • Has a strong domestic distribution network of over 141 authorized distributors as well as 45 overseas distributors as of March 31, 2021. Its top 10 distributors represented about 55% of the total revenues, indicating a reasonable diversification of sales.  
  • Consistently growing revenue and profit over the past three years.
Risks
  • More than 75% of raw materials are imported from UAE, USA, Singapore and Taiwan. Any disruptions in supply can majorly impact manufacturing.
  • All its manufacturing facilities are located in West Bengal. Unforeseen political, social, economic or environmental hiccups in these areas can impact the business negatively.
  • Of the five manufacturing facilities, the land at Jangalpur facility (which makes up about 58% of total revenues) is yet to receive requisite approval for non-agricultural land and therefore may be subject to regulatory action and litigation.
  • It continues to face strong competition from multinational companies and fragmented local players.
Opportunities
  • As per the Frost & Sullivan Report, domestic plastic labware products’ market size is expected to grow at a CAGR of 16% and reach ₹2,575 crore by 2025. 
  • The Indian government is encouraging R&D in the pharmaceutical industry and wants the country’s sector to compete with the likes of the USA and Europe. 
  • Tarsons is working on setting up a new manufacturing facility in West Bengal. This will boost its manufacturing capabilities and also help it launch new products.

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Tarsons Products Limited Contact Details

Company NameTarsons Products Limited

How to apply for Tarsons Products Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Tarsons Products Limited IPO FAQs