Tarsons Products IPO shares allotment likely today - Check status online by direct BSE link

Tarsons Products IPO Allotment: Helped by huge interest from institutional investors, the initial public offer of life sciences company Tarsons Products Limited was subscribed 77.49 times, The Rs 1,023.84-crore IPO received bids for 84,02,81,684 shares against 1,08,44,104 shares on offer, as per NSE data.

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Tarsons Products IPO Shares Allotment Date: Likely to be finalised on 23rd Nov.

Here is direct BSE link and step by step guide to know Tarsons Products IPO Shares Allotment status online:-

Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
 
Step 2- Select Tarsons Products IPO
 
Step 3- Enter your Tarsons Products IPO application number
 
Step 4- Enter your PAN card details
 
Step 5 - Click at 'I'm not a robot'
 
Step 6 - Click at 'Submit' button
 
You will get to know the Tarsons Products IPO shares allotment status of your application

Tarsons Products IPO: Top points to know

-The non-institutional investors category was subscribed 184.58 times, Qualified Institutional Buyers (QIBs) 115.77 times and Retail Individual Investors (RIIs) 10.56 times.

-The initial public offer (IPO) had a fresh issue up to Rs 150 crore and an offer for sale of up to 1,32,00,000 equity shares.

- It had a price range of Rs 635-662 per share.

- Tarsons Products on Friday raised Rs 306 crore from anchor investors.

- The proceeds from the fresh issue will be utilised towards paying debt, funding a part of the capital expenditure for the new manufacturing facility at Panchla in West Bengal, and general corporate purposes.

- ICICI Securities, Edelweiss Financial Services and SBI Capital Markets were the managers to the offer.

-The equity shares of the company will be listed on BSE and NSE.

Tarsons Products: About the company - Profile

- Tarsons Products is engaged in designing, developing, manufacturing, and supplying a diverse range of quality labware products used in laboratories across research organisations, academic institutes, pharmaceutical firms, diagnostics companies and hospitals.

- It manufactures a range of quality labware products that help advance scientific discovery and improve healthcare.

- The company currently operates through its five manufacturing facilities located in West Bengal.