Tarsons Products to debut on Friday. What could be the listing premium?

tarsons products to debut on friday what could be the listing premium

Sumary of Tarsons Products to debut on Friday. What could be the listing premium?:

  • Tarsons Products Tarsons Products shares are expected to gain 25-30 percent when they list on the stock exchanges on November 26 after a stellar response to its initial public offering, backed by reasonable valuation, strong management and brand recognition, and healthy financials with plans to reduce debt, experts said.
  • The Rs 1,023.47 crore public issue received a tremendous response from investors during November 15-17. The IPO consisted of a fresh issue of Rs 149.63 crore and an offer for sale of Rs 873.84 crore by promoters Sanjive Sehgal and Rohan Sehgal and investor Clear Vision Investment Holdings.
  • The offer was subscribed 77.49 times, with non-institutional investors bidding for 184.58 times the portion reserved for them and qualified institutional investors putting in bids for 115.77 times their quota.
  • The portion for retail investors was booked 10.56 times and that of employees was subscribed 1.83 times.
  • Click Here To Know All IPO Related NewsTapse said the healthy listing gains seem to be justified because Tarsons’ valuation was fairly priced for new investors, given its high-growth business environment and huge domestic as well as export growth potential.
  • Astha Jain, a senior research analyst at Hem Securities, expects the labware products maker to list at a 25 percent premium to the issue price.

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