Business

Tarsons’ Labware has good growth prospects with diagnostics demand

By Dan Neff

While there is no listed peer to compare with, large and diverse multinational players that dominate the Indian labware industry such as Thermofisher and Corning are trading at PEs of 29.5 and 41.6, respectively.

Synopsis

Kolkata-based Tarsons Products is a small-sized manufacturer of plastic labware including consumables, reusables and benchtop equipment used in laboratories. The company is rolling out a ₹1,024 crore IPO comprising an offer for sale and fresh issue. From the IPO proceeds, ₹78.5 crore shall be used to repay debt and ₹62 crore to partly fund the capex for a new manufacturing facility.

ET Intelligence Group: Kolkata-based Tarsons Products is a small-sized manufacturer of plastic labware including consumables, reusables and benchtop equipment used in laboratories.

The company is rolling out a ₹1,024 crore IPO comprising an offer for sale and fresh issue. From the IPO proceeds, ₹78.5 crore shall be used to repay debt and ₹62 crore to partly fund the capex for a new manufacturing facility.

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Dan Neff