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Labware maker Tarsons Products IPO subscribed 1.1x on Day-1

The offer consists of Rs 150 crore of fresh fund raise and an OFS of Rs 874 crore

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Labware manufacturer Tarsons Products’ IPO was subscribed 1.1 times on Monday, the first day of the issue.

The retail portion of the issue was already subscribed over two times. Tarsons Products’ IPO consists of Rs 150 crore of fresh fund raise and an offer for sale (OFS) of Rs 874 crore. The company on Friday allotted shares worth Rs 306 crore to 32 anchor investors at Rs 662 per share.

Government of Singapore, Abu Dhabi Investment Authority, ICICI Prudential Smallcap Fund , Mirae Asset Healthcare Fund and Aditya Birla MF are some of the funds who applied in

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