Tarsons IPO: Newest GMP How to Check the Distribution Status of Stock

Scientific Company For The Life Of Tarsons Limited Products First Three Days Sale Shares listed 77.49 times on day last order on November 17. Supported by strong interest from institutional investors. The initial public offering (IPO) includes a reissue of up to Rs 150 crore and an offer to sell up to 1,322,000 shares.

Finalization of the distribution basis for Tarsons Products IPO shares is expect to occur next week on Tuesday, November 23, 2021, November 24, 2021. The registrar of this IPO is KFintech Private Limited. So that allotment applications can be find on their website here or view on their website BSE here.

According to market watchers, Tarsons Products’ (GMP) share premium in the gray market fell to 190 rupees today.

The company’s shares are await to be list on the BSE and NSE Stock Exchanges next week on Friday, November 26, 2021.

The Non-Institutional Investors (NII) category for the IPO of Parsons products was withdrawn 184.58 times. Qualified Institutional Buyers (QIB) 115.77 times, and Individual Retail Investors (RII) 10.56 times. The public offering, which is open for subscription from November 15-17, has a price range of IDR 635-662 per share.

Tarsons Products designs, develop, manufactures and supplies a wide range of quality laboratory products used in laboratories in research facilities. Academic institutions, pharmaceutical companies, diagnostic companies, and hospitals. The company currently operates at its five production facilities in West Bengal.

Proceeds from this issuance will be use to pay debts. Finance part of the capital costs for a new production facility in Panchla, West Bengal. And finance the company’s general purpose. ICICI Securities, Edelweiss Financial Services, and SBI Capital Markets are managing the offering.