The public issue of equity shares of TARSONS PRODUCTS LIMITED will open for subscription on November 15, 2021 and closes on November 17, 2021. It is expected to list on the stock exchanges on November 26, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analysis the IPO.
The company is a leading Indian life sciences company with more than three decades of experience in the production and supply of labware products. It manufactures a range of quality labware products that helps advance scientific discovery and improve healthcare systems. Its product portfolio is classified into three broad categories including consumables, reusables, and others. It also has a diversified product portfolio with over 1,700 SKUs across 300 products.
Trason's products are used in various laboratories across research organizations, academic institutes, pharmaceutical companies, Contract Research Organizations (CRO), diagnostic companies, and hospitals. The company has many reputed institutes, medical labs, and hospitals as its key clients.
Currently, the company has 5 manufacturing facilities. It has a strong distribution network across India comprising of over 141 authorized distributors and supplies its products to more than 40 countries.
Who are the Promoters of the Company?
Sanjive Sehgal and Rohan Sehgal
Who are its key competitors?
No listed peers in India.
Why is the Company going public?
Given below are the objectives of the Company –
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
Repayment/prepayment of all or certain of their borrowings.
Funding a part of the capital expenditure for the new manufacturing facility
General corporate purposes.
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
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