Two new IPOs next week

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  • Tarsons Products and Go fashionable are all set to open their IPOs for investor subscription next week.
  • Indian laboratory equipment company Tarsons Products will open its IPO on November 15 and close on November 17.
  • Go Fashion, the maker of women’s bottoms, will open its IPO on November 17 and close on November 22.

The initial public offering (IPO) frenzy among investors may continue for some time to come, as it appears there is no end to back-to-back IPO launches. So far in November, seven companies have finalized their tenders.

Additionally, two public shows will open next week – Tarsons Products and Go Fashion.

Tarson Products seeks to raise ₹ 1,024 crore through public listing of shares


Indian laboratory equipment company Tarsons Products will open its IPO on November 15 and close on November 17 with a price range of 635 to 662 per share.

The IPO consists of a new issue of shares worth 150 crore and an offer to sell (OFS) of 1.32 crore of shares which will be sold by promoters and an investor.

Promoter Sanjive Sehgal will sell up to 3.9 lakh of shares, Rohan Sehgal will sell up to 3.1 lakh of shares and investor Clear Vision Investment Holdings will sell up to 1.25 crore of shares upon the IPO.

The company will use the proceeds from the new issue to pay off debt, finance part of the capital expenditures of the new Panchla manufacturing plant in West Bengal and for general purposes.

Tarsons Products is engaged in the design, development, manufacture and supply of a diverse line of quality laboratory products used in the laboratories of research organizations, academic institutes, pharmaceutical companies, diagnostic companies. and hospitals. It manufactures a line of quality laboratory products that help advance scientific discovery and improve healthcare.

The company currently operates through its five manufacturing plants located in West Bengal.

Go Fashion would seek to raise 800 crore


Go Fashion (India) owns one of the largest brands of women’s stockings in India under the Go Colors brand. The company will be released with its IPO on November 17 and close on November 22.

The IPO consists of new shares valued at 125 crore and an offer to sell up to 12,878,389 shares by existing promoters and shareholders.

Under OFS, PKS Family Trust and VKS Family Trust will each unload 7.45 lakh shares, Sequoia Capital India Investments will sell up to 74.98 lakh shares, India Advantage Fund S4 I will sell up to 33 , 11 lakh shares and Dynamic India Fund S4 US I will sell up to 5.76 lakh shares.

Proceeds from the new issue will be used to finance the deployment of 120 new exclusive branded outlets, to support working capital needs and general corporate objectives.

The company is engaged in the development, design, supply, marketing and retailing of a line of women’s socks under the “Go Colors” brand.

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