Prudent Corporate Advisory Services Ltd IPO

  • Min. Investment13685/ 23 Shares
  • Min. Quantity23
  • Price Range₹595 - ₹630
  • Date Range10 May 22 - 12 May 22
  Retail Investor can invest upto Rs 2,00,000 in IPO
Dates
  • Application Start Date10 May 2022
  • Application End Date12 May 2022
  • Allotment begins
  • Refund Initiation Date19 May 2022
  • Allotment Date18 May 2022
  • Listing On Exchange23 May 2022
Registrar Information
  • NameLink Intime India Pvt Ltd
  • Contact no.+91 22 4918 6200
  • Email IDprudent.ipo@linkintime.co.in
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 201.15 248.19 397
Net Profit 22.88 31.21 58.66
Total Assets 139.38 191.62 272.61
Strengths
  • 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.
Risks
  • 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.
Opportunities
  • 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
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).