1 min read.Updated: 14 Nov 2021, 12:55 PM ISTLivemint
Go Fashion Ltd, which owns women's wear brand Go Colors, and Tarsons Products will launch their initial public offerings (IPOs) this week
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As the IPO frenzy continues with back-to-back initial share sales in the past few weeks, two companies - Go Fashion (India) Ltd, which owns women's wear brand Go Colors, and Tarsons Products will launch their initial public offerings (IPOs) this week. Tarsons Products IPO will open on 15th November and conclude on 17th November while Go Fashion opens on 17th November and conclude on 22 November. Individually, Tarsons Products and Go Fashion are looking to raise ₹1,024 crore and ₹1,014 crore, respectively, through their public listing of shares.
Tarsons Products: Leading life sciences company Tarsons Products, whose initial public offering (IPO) will open on November 15 and conclude on November 17, has fixed a price band of ₹635-662 a share for its ₹1,024-crore initial share-sale.
Ahead of the IPO, Tarsons Products had raised ₹306 crore from anchor investors. The company has decided to allocate a total of 46,21,757 equity shares to 32 anchor investors at ₹662 apiece, aggregating the transaction size to ₹305.96 crore, according to a circular uploaded on the BSE website.
Monetary Authority of Singapore, Government of Singapore, Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund (MF), Sundaram MF, Aditya Birla Sun Life MF, Edelweiss MF and Reliance General Insurance Company are among the anchor investors.
The IPO comprises fresh issuance of equity shares worth ₹150 crore and an offer for sale (OFS) of 1.32 crore equity shares by promoters and an investor. 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.
Go Fashion:Go Fashion (India) Ltd, which owns women's wear brand Go Colors, on Friday said it has fixed a price band of ₹655-690 a share for its ₹1,014 crore initial public offering (IPO). The three-day initial share-sale will open for public subscription on November 17 and conclude on November 22.
The IPO comprises fresh issue of equity shares aggregating up to ₹125 crore and an offer for sale of up to 12,878,389 equity shares by promoter and existing shareholders. The company is engaged in the development, design, sourcing, marketing and retailing a range of women's bottom-wear products under the brand, 'Go Colors'. (With Agency Inputs)