Prudent Corporate Advisory 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:

• The Company operates in an underpenetrated Indian asset management industry, that has grown at a CAGR of more than 20%.
• The Company is a growing financial products distribution platform.
• It has a granular retail AUM with a mix skewed towards high-yield equity AUM.
• Its value proposition has led to increased participation and long-standing relationship with MFDs.
• It has a pan-India diversified distribution network with ability to expand into underpenetrated B-30 markets.

• The company operate in a highly regulated environment, which is subject to change, and existing and new laws, regulations and government policies affecting the sectors in which its operate could adversely affect its business, financial condition and results of operations.
• The company depend on its ability to attract and retain registered MFDs on its platforms and any inability to retain them may adversely affect its business and results of operations.
• Its inability to grow at its historical rates could adversely affect its business, results of operations and financial condition.
• Recommendations, suggestions and advice provided by MFDs using its platform to their clients may be subject to errors or fraudulent behaviour and are beyond its control and any resultant adverse impact to their clients could have an adverse impact on its reputation, business and results of operations.
• Competition from existing and new market participants in its line of business may affect its market share, or results of operations.

• The Company intends to continue to focus on increasing geographic reach and strengthening relationships with MFDs
• The Company intends to leverage its existing MFD network to distribute products and services
• The Company intends to continue innovating its technology platforms to provide superior experience to its MFDs and their clients
• It intends to add new offerings to its existing portfolio
• The Company intends to continue to focus on increasing geographic reach and strengthening relationships with MFDs