Site icon TheDailyCheck.net

Tarsons’ Labware has good growth prospects with diagnostics demand

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.

Business
In business for over three

BY

ET Bureau

3 mins read, Last Updated:

  • GIFT ARTICLE
  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

THE GREAT DIWALI OFFER

GET FLAT 30% OFF

ON ET PRIME MEMBERSHIP

Get Offer

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@thedailycheck.net The content will be deleted within 24 hours.
Exit mobile version