Financial Insights

Tarsons Products IPO sees 4.2 times subscription on final day of bidding

The first sale of shares by labware maker Tarson’s Products was subscribed 4.2 times on the final day of the bid on November 17 as it gathered bids for 4.55 crore equity shares against an offer size of 1.08 crore units.

The company has reserved 60,000 shares for its employees.

Qualified institutional investors bought 1.3 times the amount reserved for them, and non-institutional investors bid 4.74 times the amount reserved for them.

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