TARSONS PRODUCTS LIMITED (Laboratory Equipments Manufacturer) - IPO 👍

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Strengths:

  • Being in business over 36 years builds a strong network & knowledge
  • Leading Indian supplier to life sciences sector with strong brand recognition and quality products
  • Diverse rage of products - one stop shop for all laboratory needs
  • Well-equipped and automated manufacturing facilities
  • Wide geographic reach with 141 authorised distributors across India
  • Competition is limited to 7 to 8 companies, (Genaxy Scientific, Accumax,  Thermofisher, Corning and Eppendorf, … )

Noteworthy:

  • Increased demand for Pharma & Healthcare sectors leading to increase in R&D Labs
  • People are more conscious about their health than before
  • Stress on interactive learning & practical knowledge requires laboratories in schools & universities
  • Company's presence in more than 40 countries is a good sign of exporting capabilities
  • LUPIN is extending its wings to laboratories - One of the clients of Tarsons
  • Imports more than 75% of materials
  • Products: https://tarsons.com/products/
  • Clients: Godrej, Himalaya, HUL, ICAR, LUPIN, Mankind, MeadJohnson, Nestle, University of Oxford, Pathanjali, Sun Pharma,  Anchor, CPF, Emami

Financial Health: 

Financial Performance
*All values are in crores


Share Holdings:

Share holding pattern



~:IPO Details:~

Objectives: 

Objective & Allocation of Net Proceeds

Issue details:

  • Face value    : ₹2
  • Issue open   : 15-Nov to 17-Nov 
  • Lot size        : 22 shares
  • Price             : ₹635 to ₹662 
  • Bid Price      : ₹13970 to ₹14564 / lot
  • Book running managers: Edelweiss Financial Services Limited, ICICI Securities Limited, SBI Capital Markets Limited


Opinion Corner:

  • Financial health of the company appears promising with descent revenue & cash flow
  • Competition is less, so high chance of making good profit with sales & exports as well
  • It imports 75% of its raw materials, since its a lab equipment it cannot compromise on quality of the raw material
  • Trade related policy changes in India or globally, will have major impact on both Input cost & Export
  • Its a GOOD IPO to subscribe for; I feel 635 - 662 is bit more for this company. Since all categories of investors are putting red carpets to all IPOs, it will open with good gains on listing day.
  • This stock will definitely be in my portfolio if allotted else in watchlist waiting for price to dip bellow 500


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