New Delhi. The IPO market has been going on for some time. One company after another raises money in the market by bringing in Public Offers (IPOs). At the same time, investors are also getting rich. In this section, the national science company Tarson Products will also present its IPO (Tarsons Products IPO). The company plans to raise Rs 1,024 crore from IPO. The company’s IPO will open on November 15 next week and close on November 17, 2021. Anchor Investors promotion will open on November 12, 2021.
How much is the average price?
New units worth Rs 150 crore will be delivered under the Tarson Products IPO. Advertisers and investors in the company have sold about 1.32 crore shares under Offer for Sale (OFS). Under the sale, Sanjeev Sehgal company advertisers sold 3.9 lakh shares and Rohan Sehgal sold 3.1 lakh shares. At the same time, the company’s investor Clear Vision Investment Holdings will sell 1.25 shares crore. The company has set a price of Rs 635-662 for the IPO.
In line with the maximum IPO fixed price limit, Tarson Products is planning plans to raise Rs 1,024 crore. ICICI Securities, Edelweiss Financial Services and SBI Capital Markets are a guide for leading executives in this regard. This IPO will be listed on BSE and NSE.
Who took how many stocks?
60,000 shares of equity in the Tarson Products IPO are reserved for corporate employees. At the same time, about half of this account is held in the hands of Qualified Institutional Investors (QIBs). Apart from this, a 15 per cent stake is reserved for Non-Institutional Investors (NIIs). 35 percent is reserved for retailers.
How many shares will most have?
Advertising may be made to the IPO in accordance with at least 22 sections. Proceeds from the IPO will be used to repay the loan, establishing a new plant in Panchala, West Bengal. The company manufactures labware products that are used to enhance scientific discovery and improve health services. The company owned about 300 different types of products as of March 2021.