The Tarsons Products IPO was registered 77.49 times last week.
New Delhi: Shares of Tarsons Products opened at 5.76% above their asking price on Friday, joining a host of domestic companies that have seen stellar market debuts in 2021. .
The Tarsons product launched at Rs 700 on the BSE index, compared to an asking price of 662. Shares opened at Rs 682 on the NSE platform.
Immediately after opening, the stock rallied more than 20% to hit an intraday high of Rs 808.
The Indian lab supplies company’s initial public offering (IPO), which was registered 77.49 times last week, was largely driven by a lot of investor interest. retail private.
According to NSE data, the IPO worth Rs 1,023.84 received auction of 84,02,81,684 shares compared to 1,08,44,104 shares offered for sale.
The IPO includes a new issue of up to Rs 150 crore and an offer to sell up to 1,32,000,000 shares.
The non-institutional investor (NII) portfolio for the Tarsons Products IPO was registered 184.58 times. Qualified institutional buyers (QIBs) were registered 115.77 times, while retail individual investors (RII) were registered 10.56 times.
“The ongoing Covid-19 pandemic has provided a great impetus for companies to engage in scientific research and improve healthcare systems. Tarsons products are positioned as one of the recognized suppliers. favorite in the field of plastic labware,” registered investment advisor SEBI INDmoney said in a report.
Tarsons Products is engaged in the design, development, manufacture and supply of a wide range of quality laboratory instrument products used in the laboratories of research institutions, academia and pharmaceutical companies products, etc.
