Le Merite Exports Ltd IPO

  • Min. Investment120000/ 1600 Shares
  • Min. Quantity1600
  • Price Range₹75
  • Date Range25 Apr 22 - 28 Apr 22
  Retail Investor can invest upto Rs 2,00,000 in IPO
Dates
  • Application Start Date25 Apr 2022
  • Application End Date28 Apr 2022
  • Allotment begins
  • Refund Initiation Date05 May 2022
  • Allotment Date04 May 2022
  • Listing On Exchange09 May 2022
Registrar Information
  • NameBigshare Services Pvt Ltd
  • Contact no.022 6263 8200
  • Email IDipo@bigshareonline.com
Company Information

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.

Financial information

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

Particulars FY20 FY21 FY22
(Rs Crore)
Revenue 216.67 268.39 525.9
Net Profit 3.15 6.96 21.06
Total Assets 56.26 92.07 176.68
Strengths
  • 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;
Risks
  • 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.
Opportunities
  • Expanding its manufacturing capacity.
  • Entering into new geographies
  • Improving operational efficiencies
  • Product Diversification
  • Expanding its manufacturing capacity.
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).