EBM News - Latest News, English News, News Headlines, Breaking News

Tarsons Products IPO GMP, Subscription Status, Key Strengths; Should You Subscribe?

The initial public offering (IPO) of Tarsons Products Ltd has opened for subscription already amid a moderate demand from investors. At the end of Day 1, the issue of the Indian labware company has been fully subscribed. The shares have been subscribed 1.09 times on the day, receiving bids for 1.18 crore equity shares out of 1.08 crore shares up for sale. The issue, which concludes on November 17, Wednesday, is expected to raise Rs 1,024 crore in the end. The price band has been fixed at Rs 635-662 a piece. The offer size has been cut from 1.54 crore equity shares to 1.18 crore equity shares as the company raised Rs 305.96 crore from anchor investors on the preceding day to the offer.

Tarsons Products IPO closes tomorrow. Meanwhile, let’s take a look at all the key details of the offer.

Tarsons Products IPO Subscription Status

On Monday, that is the day when the offer opened, the portion reserved for retail buyers was subscribed 2.12 times, while non institutional buyers placed bids for 17 per cent of the shares set aside for them. On the other hand, employees put in bids for 24,332 shares out of the 60,000 units reserved for them. Qualified institutional buyers were yet to put in their bids at the end of Day 1.