IPO craze continues as two more set to open next week

• Tarsons Products and Go Fashion are all set to open their IPOs for investor subscription next week.
• Indian labware company Tarsons Products will open its IPO on November 15 and closes on November 17.
• Go Fashion, the women's bottom-wear products maker, will open its IPO on November 17 and closes on November 22.

The frenzy of Initial public offerings (IPO) among investors may continue for some more time as there seems to be no end to back-to-back IPO launches. So far in November, seven firms have completed their biddings.

Further, two public issues are opening next week — Tarsons Products and Go Fashion.

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

Indian labware company Tarsons Products will open its IPO on November 15 and closes on November 17 with a price band of ₹635-662 per share.

The IPO consists of a fresh issue of equity shares worth ₹150 crore and an offer for sale (OFS) of 1.32 crore equity shares that will be sold by promoters and an investor.

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

The company will utilise the proceeds from the fresh issue towards paying debt, funding a part of the capital expenditure for the new manufacturing facility at Panchla in West Bengal and general corporate purposes.

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. It manufactures a range of quality labware products that helps advance scientific discovery and improve healthcare.

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

Go Fashion is reportedly looking to raise ₹800 crore

Go Fashion (India) owns one of the largest women's bottom-wear brands in India under brand Go Colors. The company is coming out with its IPO on November 17 and will close on November 22.

The IPO consists of fresh equity shares worth ₹125 crore and an offer for sale of up to 12,878,389 equity shares by promoters and existing shareholders.

As part of the OFS, PKS Family Trust and VKS Family Trust are going to offload 7.45 lakh equity shares each, Sequoia Capital India Investments will sell up to 74.98 lakh shares, India Advantage Fund S4 I will divest up to 33.11 lakh shares and Dynamic India Fund S4 US I will sell up to 5.76 lakh shares.

The proceeds from the fresh issue will be used to fund the roll out of 120 new exclusive brand outlets, to support working capital requirements and general corporate purposes.

The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand, ‘Go Colors’.

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