MUMBAI: Tarsons Products Ltd has filed a draft paper with the Securities Exchange Board of India (Sebi) to raise funds via an initial public offering (IPO). The IPO consists of a fresh issue of ₹150 crore and an offer for sale (OFS) of upto 13.20 million shares by existing shareholders and promoters. The OFS comprises upto 3.90 lakh shares by Sanjive Sehgal, upto 3.10 lakh shares by Rohan Sehgal and upto 12.50 million shares or 24.5% stake by Clear Vision Investment Holdings Pte Ltd. Currently, Sanjive Sehgal and Rohan Sehgal hold 29.16% and 21.81% stake, respectively, while Clear Vision Investment has 49% stake in the firm. As of March 2021, Tarsons Products had a diversified product portfolio with over 1,700 stock-keeping units or SKUs across 300 products.

Source: Mint August 10, 2021 12:33 UTC