Le Merite Exports 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:

• Long standing association with leading consumer brands with a low customer concentration;
• Deep knowledge and understanding of optimal product assortment and strong supplier network enabling procurement at predicable and competitive pricing, leading to an overall efficient cycle;
• Healthy financial performance;
• Experienced management and dedicated employee base with a proven track record;
• Minimum capex required as manufacturing undertaken through Leased facility or on job work basis;

• There are outstanding legal proceedings involving its Company, Promoter, Directors and its Promoter Group Entities.
• The company require certain approvals, licenses, registrations and permits for its business, and the failure to obtain or renew them in a timely manner may adversely affect its operations.
• If the company do not successfully develop or commercialise new products in a timely manner, or if the products that its commercialise do not perform as expected, its business, results of operations and financial condition may be adversely affected.
• The company derive a significant portion of its revenue from a few customers and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect its business, results of operations and financial condition.
• The Company had applied for renewal of the License under the Factories Act, 1948.

• Expanding its manufacturing capacity.
• Entering into new geographies
• Improving operational efficiencies
• Product Diversification
• Expanding its manufacturing capacity.