Tarson Products share price: shares of tarsan products Made a strong start and got listed on the stock exchanges today at a premium of over 5.5 per cent over its issue price.
The stock got listed at Rs 700.00 on BSE, registering a gain of 5.74 per cent over its offer price of Rs 662.00, while it opened at Rs 682.00 on National Stock Exchange (NSE), up 3.02 per cent over the previous year . issue price.
The stock continued its opening momentum and touched a high of Rs 808.00 on BSE and Rs 807.80 on NSE during the first few minutes of trading, but eased a bit soon thereafter.
At 10:10 am, the stock was trading at Rs 791.20 on BSE, up 19.52 per cent from the issue price as against Rs 787.60 on NSE. The BSE data showed that the company had a market capitalization of Rs 4,209.68 crore.
Over 86.69 lakh shares of Tarson Products were traded on the NSE during the first 10 minutes of trading, while around 7.41 lakh shares were traded on the BSE, data from the respective stock exchanges showed.
Tarson Products’ IPO of Rs 1,023.84 crore was subscribed 77.49 times during the offering period of November 15-17.
The IPO consists of a fresh issue of up to Rs 150 crore and an offer for sale (OFS) of 1,32,00,000 equity shares.
Tarson Products is engaged in the design, development, manufacturing and supply of a diverse range of quality labware products to be used in laboratories in research organizations, academic institutions, pharmaceutical firms, diagnostics companies and hospitals. It manufactures a range of quality labware products that help advance scientific discovery and improve healthcare.