Under the IPO of Tarsons Products, allotment of shares will take place on November 23 next week. The shares will be transferred to the demat account on November 25.
Tarsons Products Share Allotment Status: The IPO of Tarsons Products, a company that makes labware products, has received a great response from investors. This issue is subscribed 77.5 times overall. From qualified institutional buyers to retail investors, everyone has shown craze in this. The allotment of shares under the IPO is going to happen next week on Tuesday, November 23. Shares will be transferred to the demat account of successful investors by November 25. The shares of Tarsons Products are to be listed in the market on 26 November. After the better response to the issue, now the investors who had invested in it will have to wait for the share allotment. If you have also subscribed to the issue, then you can easily check whether you have placed your bet or not. That is, whether you get shares or not.
Tarsons Products: Fantastic response from investors
50 per cent stake in the IPO of Tarsons Products was reserved for qualified institutional investors. This part got subscribed about 116 times. At the same time, 15 percent is reserved for non-institutional investors. This part is subscribed 184.58 times overall. 35 per cent is reserved for retail investors and it is filled 10.5 times. At the same time, the reserve share for employees is 1.83 times full. Overall this issue is subscribed 77.49 times. Funds from the IPO will be used to pay off debt, set up a new manufacturing plant and for other corporate purposes.
Share allotment check: From BSE website
For this, first you have to go to the website of BSE.
After that the Equity box has to be checked.
Then you will see the issue name in the dropdown Will have to put
After that you have to type your application number in the box.
After that you will have to give information about your PAN number.
In the end, you have to click on the search button, after which complete information will be revealed.
Option 2: On the Registrar’s website
KFintech Private Limited is the registrar of this issue.
For this IPO, one has to go to the registrar’s website.
Company name in dropdown type.
After this enter PAN number, application number or depository/client ID in the box
Then enter the captcha and click on the search button. Then you will know your status.
About Tarsons Products IPO
The price band for the IPO of Tarson Products was kept from Rs 635 to Rs 662 per share. Wherein the lot size of 22 shares was fixed in the issue. It was necessary to buy one lot, that is, in terms of upper price band Rs 662, at least Rs 14564 had to be invested in it. Under this IPO, new shares worth Rs 150 crore were issued. There was an offer for sale (OFS) of 1.32 crore equity shares.