Archean Chemical Industries Ltd IPO

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Here’s the consolidated financial information for the last three years:

• Leading market position, expansion and growth in bromine and industrial salt;
• High entry barriers in the specialty marine chemicals industry;
• Established infrastructure and integrated production with cost efficiencies;
• Focus on environment and safety;
• Largest Indian exporter of bromine and industrial salt with global customer base;

• Its business is dependent and will continue to depend on its manufacturing facility, and its are subject to certain risks in its manufacturing processes. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with its operations could have an adverse effect on its business, financial condition and results of operations.
• The company is derive a significant part of its revenue from major customers. If one or more of such customers choose not to source their requirements from its or to terminate their contracts with its, the company's business, financial condition and results of operations may be adversely affected.
• The company is subject to certain risks consequent to its operations involving the manufacture, usage and storage of various hazardous substances.
• Non-compliance with and changes in, safety, health, environmental and labour laws and other applicable regulations, may adversely affect its business, financial condition and results of operations.
• Its debt was restructured as at March 18, 2017 with overdue principal and interest aggregating to Rs. 17.74 crores with certain banks as at March 18, 2017.

• Expand into downstream bromine derivative performance products
• Expand its bromine and industrial salt capacities
• Continue to build its global customer base and enter new geographical markets
• Continue to focus on quality, environment, health and safety
• Expand into downstream bromine derivative performance products