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IPO

Tarsons Products Ltd
  • Registered Office: Martin Burn Business Park,R No 902 BP-3 Salt Lake Sec-V, Kolkata - 700091, West Bengal, India. Phone : 91-33-3522 0300   Fax:
  • Email : piyush@tarsons.in
  • Website :www.tarsons.com
Initial public offer of 15,465,861 equity shares of face value of Rs. 2 each ("Equity Shares") of Tarsons Products Limited (The "Company" or the "Issuer") for cash at a price of Rs. 662 per equity share (including a share premium of Rs. 660 per equity share) ("Offer Price") aggregating to Rs. 1023.47* crores (The "Offer") comprising a fresh issue of 2,265,861* equity shares aggregating to Rs. 149.634* crores by the company (The "Fresh Issue") and an offer for sale of 13,200,000 equity shares aggregating to Rs. 873.84* crores comprising of 390,000* equity shares by Sanjive Sehgal aggregating to Rs. 25.81* crores, 310,000* equity shares by Rohan Sehgal aggregating to Rs. 20.52* crores (Sanjive Sehgal and Rohan Sehgal aggregating to Rs. 46.34* crores, together "Promoter Selling Shareholders") and 12,500,000* equity shares aggregating to Rs. 827.50# crores by Clear Vision Investment Holdings Pte. Limited (The "Investor Selling Shareholder", together with the promoter selling shareholders, the "Selling Shareholders" and such equity shares, the "Offered Shares") (The "Offer for Sale"). The offer includes a reservation of 60,000* equity shares, aggregating to Rs. 3.60* crores (constituting 0.11% of the post-offer paid-up equity share capital), for subscription by eligible employees (The "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute 29.07% and 28.95% (subject to finalization of basis of allotment), respectively, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. The offer price is 331 times the face value of the equity shares. *The company and the selling shareholders in consultation with the brlms, have offered a discount of 9.21% of the offer price (equivalent of Rs. 61 per equity share) to eligible employees bidding in the employee reservation portion. * Subject to finalization of basis of allotment Bids cans be made for a minimum of 22 equity and in multiple of 22 shares thereafter.
Issue
Opens On Closes On
15-Nov-21 17-Nov-21
Money Payable On
Application Allotment
662.00 0.00
Minimum Application for shares in Nos : 22 Further Multiples of : 22
Cr Lead Managers to the Issue
Project Cost (.Cr) 149.63 Edelweiss Financial Services Ltd
Project Financed through Current Offer (.Cr) 1023.47  
Post Issue Equity Share Capital (.Cr) 10.64
Issue Price () 662.00
Projects
Repayment/Prepayment of certain Borrowings of the Company
Funding Capital Expenditure for the Proposed Expansion
General Corporate Purposes
Promoted By
Sanjiv Sehgal
Rohan Sehgal
Listing At
Mumbai
NSE
Registrar to the Issue
KFin Techologies Pvt Ltd