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Tarsons Products Ltd
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Registered Office :
Martin Burn Business Park,R No 902 BP-3 Salt Lake Sec-V
,
Kolkata
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700091
,
West Bengal
, India.
Phone :
91-33-3522 0300 Fax:
Email : info@tarsons.in; investor@tarsons.com
Website : www.tarsons.com
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Initial public offer of 15,465,861 equity shares of face value of Rs2 each ("Equity Shares") of Tarsons Products Limited (The "Company" or the "Issuer") for cash at a price of Rs662 per equity share (including a share premium of Rs660 per equity share) ("Offer Price") aggregating to
Rs1023.47* crores (The "Offer") comprising a fresh issue of 2,265,861* equity shares aggregating to Rs149.634* crores by the company (The "Fresh Issue") and an offer for sale of 13,200,000 equity shares aggregating to
Rs873.84* crores comprising of 390,000* equity shares by Sanjive Sehgal aggregating to Rs25.81* crores, 310,000* equity shares by Rohan Sehgal aggregating to Rs20.52* crores (Sanjive Sehgal and Rohan Sehgal aggregating to Rs46.34* crores, together "Promoter Selling Shareholders") and 12,500,000* equity shares aggregating to Rs827.50# 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
Rs3.60* 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 Rs2 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 Rs61 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.
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Opens On
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Closes On
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Application
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Allotment
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15-Nov-21
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17-Nov-21
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Rs 662.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :22 Further
Multiples of :22
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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149.63
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| Edelweiss Financial Services Ltd |
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Project Financed through Current Offer
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1023.47
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Post Issue Equity Share Capital
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10.64
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Issue Price
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Rs 662.00
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