Introduction
According to the research by www.groww.in, Nse: Tarsons products limited is an Indian based labware company. Moreover, the company is involved in designing, developing and manufacturing. And also marketing of consumables, reusables and others including benchtop equipments, used in various laboratories across research organizations. However, in academic institutes, pharmaceutical companies contract research organizations (CROs) diagnostic companies and hospitals.
Furthermore, the company is also involved in the manufacturing of range of a labware products. Hence, which helps for scientific discoveries and improve healthcare. Indeed, the company has discovered a diverse range of labware products under the categories: such as, consumables, reusables and others. However, the companies consumables products include pipette tips, centrifuge ware, petri dishes, cryo ware and storage vials. Moreover, its usable products include bottles and carboys, breakers, cylinders and racks. Also its other products include centrifuge, vortex and pipettors.
Brief Description of Nse: Tarsons
As per the study by www.icicidirect.com, the nse: Tarsons was incorporated as Tarsons products private limited on 5th July 1983. However, the company was subsequently transform into a public limited company. Moreover, pursuant to a special resolution passed by the share holders at the extraordinary general meeting held on 10th May 2021. Therefore, the name of the Company was change to Tarsons Products Limited on 14th June 2021. Moreover, The Company is involve in manufacturing and selling of plastic laboratory products and certain scientific instruments.
Indeed, the Nse: Tarsons products find usage in laboratories engaged in research on molecular biology, cell culture, geonomics, proteonomics, immunology etc. So, The Company caters to both domestic and international markets. Hence, the Company has one subsidiary company named Inlabro Pte. Ltd. establised in Republic of Singapore. Furthermore, During the FY2020,the company has converted 2200000 CCDs of Rs 100 each into 8013. And, class B equity shares of Rs 10 each at a premium of Rs 27444 per share. Though, Pursuant to a resolution passed by the Board on 14 June 2021 and a resolution passed by the Shareholders in the EGM held on 16 June 2021.
So, the Nse: Tarsons has sub-divided into the face value of equity shares from Rs 10 to Rs 2 each. So, on 26th June 2021, the company has allotted 49979280 bonus equity shares of Rs 2 each to the shareholders in the ratio of 52:1, in during the month of November 2021. However, the Tarsons came out with an Rs 1023.47 crore public matter that comprised of fresh issue of Rs 149.63 crore. Also, an offer for sale of Rs 873.84 crore by promoters and investor. So, The IPO shares were allotted at the price of Rs 662 per share including a premium of Rs 660 per share. Hence, The allotted shares were list on the BSE Ltd and National Stock Exchange of India(NSE) on 26 November 2021.
What is the Tarsons Products Ltd. share price today and what are Tarsons Products Ltd. share returns?
As per the study by www.economictimes.indiatimes.com, As on 25th Apr, 2023, 11:43 AM IST Nse: Tarsons Products Ltd. Share price was up by 1.23% basis the previous closing price of Rs 531.25. Tarsons Products Ltd. Share price was Rs 547.80. Return Performance of Tarsons Products Ltd. Shares:
- 1 Week: Nse: Tarsons Products Ltd. share price moved down by 0.37%
- 1 Month: Tarsons Products Ltd. share price moved up by 0.19%
- 3 Month: Tarsons Products Ltd. share price moved down by 20.58%
- 6 Month: Nse: Tarsons Products Ltd. share price moved down by 31.59%
Strengths of Nse: Tarsons
- The company has shown a good profit growth of 37.22% for the Past 3 years.
- The company has shown a good revenue growth of 18.94% for the Past 3 years.
- The company has significantly decreased its debt by 11.84 Cr.
- Company has been maintaining healthy ROE of 27.65% over the past 3 years.
- Company has been maintaining healthy ROCE of 33.28% over the past 3 years.
- So, the Tarsons is effectively debt free.
- The Tarsons company has an well-organized Cash Conversion Cycle of 0 days.
Nse: Tarsons Shares Rise on Market Debut. Should you buy, Sell or Hold?
According to www.livemint.com, After listing at ₹682 per share levels on Nse: Tarsons share price soon surged to the tune of ₹800 levels making an intraday high of ₹807 on NSE. So, According to stock market experts, the stock is expect to go further northward as it looks strong from fundamental perspective. However, they said that demand for products of the company is expect to shot up in upcoming quarters. Indeed, they advised long-term investors to hold the counter for 3 months target of ₹999. While for those who applied for listing gains they advised to book profit. Hence, as it is already giving more than 20 per cent premium at around ₹800 per share levels.
Furthermore, Tarsons shares today listed on NSE at ₹682, around 3 per cent higher from its upper price band of ₹662 per share levels. However, it soon shot up and made its intraday high of ₹807 on NSE. Hence, yielding more than 20 per cent listing gain to the lucky bidders, who got Tarsons shares via allotment process.
Nse: Tarsons Products IPO: Listing on November 26, Check the Latest Grey Market Premium
As per the study by www.moneycontrol.com, The Labware products maker Tarsons Products will make its stock market debut on November 26. However, if the grey market is anything to go by, it will be an impressive listing. So, on November 24, the share was trading at Rs 822-832 in the grey market. A premium of Rs 160-170, or 24-26 percent, over the final issue price of Rs 662, as per the IPO Watch and IPO Central.
Furthermore, The grey market is an unofficial platform where trading in shares begins. With the announcement of IPO price band and continues till the listing of shares on the bourses. Moreover, “The company is going to list at a P/E (price-to-earnings) of 40.61 with a market cap of Rs 3,522 crore. Hence, The company has robust financials and strong ratios.
Therefore, After the IPO, the company would become free of debt which is a good signal,” said Sonam Srivastava, Founder of Wright Research. Hence, The stock will debut on the BSE and NSE on November 26, 2021 in what would be the 52nd listing of the year 2021.
Tarsons Products IPO Listing Today: Stocks Likely to list at 25% Premium; What Should Investors do Post Listing?
According to the study by www.zeebiz.com, the share of Nse: Tarsons products is all set to be listed on exchanges today as per upstox. Hence, the Initial Public Offer (IPO) of tarsons products, which closed in November was subscribe as 77.49 times on the last day. gainst 1,08,44,104 shares on offer, bids were receive for as many as 84,02.81,684 shares, show the BSE consolidate data.
Furthermore, The Non-Institutional Investors (NIIs) portion was book a maximum of all categories by 184.58 times. So, the Qualified Institutional Buyers (QIBs) subscribed the issue 115.77 times and the Retail investors booked the issue 10.56 times. Also, the employees’ quota saw 1.83 times bidding on the last day.