Strong Listing | Tarsons Products shares gain nearly 27% in debut trade
Tarsons Products traded with volume of 26.30 lakh shares on BSE and over 1.34 crore equity shares on National Stock Exchange.
November 26, 2021 / 06:32 PM IST
Shares of life sciences company Tarsons Products on November 26 settled with a premium of nearly 27 percent in its debut trade against the issue price of Rs 662.
The stock listed at Rs 700, a gain of 5.74 percent against the issue price on BSE. It further jumped 26.88 percent to close at Rs 840.
On NSE, it listed with a premium of 3.02 percent at Rs 682. It jumped 23.62 percent to close at Rs 818.40.
In volume terms, 26.30 lakh shares were traded on BSE and over 1.34 crore on NSE.
Also read - Tarsons Products locked in 20% upper circuit on debut despite market crash. What should investors do?
The initial public offer of Tarsons Products received 77.49 times subscription earlier this month. The Rs 1,023.84-crore IPO had a price range of Rs 635-662 per share.
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Tarsons Products is engaged in designing, developing, manufacturing, and supplying a diverse range of quality labware products used in laboratories across research organisations, academic institutes, pharmaceutical firms, diagnostics companies and hospitals companies and hospitals.
It manufactures a range of quality labware products that help advance scientific discovery and improve healthcare. The company currently operates through its five manufacturing facilities located in West Bengal. The company currently operates through its five manufacturing facilities located in West Bengal.