Global Surfaces 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:

• Wide product portfolio and multiple designs
• Established presence in international markets
• Experienced and result oriented Promoter
• Synergy of young and experienced management team with a committed employee base
• Effective quality checks thereby reducing loss.

• The continuing impact of the COVID-19 pandemic on its business and operations is uncertain and it may be significant and continue to have an adverse effect on the company business, operations and its future financial performance.
• The company is dependent on a few customers for a major part of its revenues. Further its do not enter into long-term arrangements with the company customers and any failure to continue its existing arrangements could adversely affect the company business and results of operations.
• The company do not have long-term agreements with its suppliers for raw materials and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on its business, results of operations, financial condition and cash flows.
• Major portion of its revenues are derived from exports to the United States of America and any adverse developments in this market or restrained economic or political relations of India with the United States of America could adversely affect its business.
• Under-utilization of its production capacities could have an adverse effect on the company business, future prospects and future financial performance.

• Increasing its global footprint and augmenting growth in current geographies
• Setting up strategically located manufacturing facility
• Continue to add to product portfolio by introducing new designs
• Technology integration and plant automation to improve productivity
• Increasing its global footprint and augmenting growth in current geographies