Tarsons Products Ltd., an Indian labware company, has announced plans to open its Initial Public Offering on November 15, 2021.
The price band of the offer has been fixed at ₹635 to ₹662 per equity share of face of ₹2 each. Bids can be made for a minimum of 22 equity shares and in multiples of 22 equity shares thereafter.
The offer comprises of a fresh issue aggregating up to ₹150 crore and offer for sale by certain selling shareholders.
The net proceeds from the fresh issue are proposed to be utilised for repayment/prepayment of all or certain borrowings; funding a part of the capital expenditure for the new manufacturing facility at Panchla, West Bengal and for general corporate purposes.
Source: Read Full Article