Ideaforge Technology 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:

• pioneer and the pre-eminent market leader in the Indian UAS industry, with first-mover advantage;
• diversified product portfolio with a robust technology stack and track record of successful outcomes in critical use cases;
• strong relationships with a diverse customer base;
• significant product development capabilities powering its software and solutions and product differentiators;
• in-house design to delivery capabilities;

• The company operate in an industry which is highly regulated and is subject to change. If its fail to comply with the applicable regulations and rules prescribed by the Government of India and the relevant statutory or regulatory bodies, its business, financial condition, cash flows and results of operations will be adversely affected.
• The company is a licensed manufacturer of Unmanned Aerial Vehicles under the Industries (Development and Regulation) Act, 1951 and any non-compliance of, or a failure to satisfy the terms and conditions under such license could lead to the cancellation of its license thereby creating a material adverse impact on its business, financial condition and results of operations.
• The company is heavily reliant on sales to the Indian government including to the central and state government agencies. A decline in government budget, reduction in orders, termination of existing contracts, delay of existing contracts or any kind of adverse change in the Government of India policies for its sector would have a material adverse impact on its business, financial condition, and results of operations.
• Majority of the sale of its products are dependent on it winning bids. Bidding for a tender involves various management activities such as cost estimations and designing and developing a trial product for the bidding process. Inability to accurately measure the cost and design and develop the trial product may lead to loss of tender creating an adverse impact on its business, results of operations, financial condition and cash flows.
• The number of orders the company has received in the past, its current order book and its growth rate may not be indicative of the number of orders the company will receive in future.

• Continue to invest in product innovation, engineering and design
• Expanding into international markets
• Expand its product portfolio and cater to new end-use applications and industries
• Focus on indigenisation
• Pursue strategic investment and acquisition opportunities