Inox Green Energy Services 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:

• Strong and diverse existing portfolio base;
• Established track record, favourable national policy support and visibility for future growth;
• Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties;
• Supported and promoted by our parent company, IWL;
• Established supply chain in place;

• The company is currently entirely dependent on Inox Wind Limited, its promoter for its business and if they were to choose another service provider for O&M services of their WTGs, its business, financial condition and prospects may be adversely affected.
• The sale of services and renewal rate of service contracts may decrease in the future.
• The coronavirus pandemic ("COVID-19") could have significant adverse effect on its business and operations.
• Technology failures or advancements could disrupt its operations.
• The company has entered into a business transfer agreement by which its divested its EPC business to one of the subsidiaries of its Promoter, Resco Global Wind Services Private Limited ("BTA"), which imposes certain contractual obligations on the Company.

• Exploring opportunities to expand its portfolio and scale its operations.
• Transitioning to an asset-light model with minimal capital expenditure which it believes will result in higher EBITDA and profit margins.
• Continuing and enhancing its focus on predictive maintenance over reactive maintenance.
• Provide analytics and asset performance forecast services.
• Exploring opportunities to expand its portfolio and scale its operations.