Radiant Cash Management 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:

• Leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management
• Pan India presence with strong network in Tier 2 and Tier 3+ locations and fast growing end user segments
• Diversified client base with long standing relationship and ability to cross-sell value added services
• Robust Operational Risk Management
• Significantly built up technology to optimise operational profitability

• Its business is highly dependent on the banking sector in India to generate revenues, and any adverse development with respect to Indian banks that affects their utilisation of and demand for cash management services could have an adverse effect on its business, results of operations, cash flows and financial condition.
• The company derive a substantial portion of its revenue from a limited number of customers. If one or more of its key customers were to suffer a deterioration in their business, cease doing business with it or substantially reduce its dealings with the company, its revenues could decline, which may have an adverse effect on its business, results of operations, cash flows andfinancial condition.
• A decrease in the availability or use of cash as the predominant mode of payment in India could have an adverse effect on its business, results of operations, cash flows and financial condition.
• Its business is exposed to operational risks for which the company has incurred and expect to continue to incur risk costs and penalties. Any material increase in these costs could have an adverse effect on its business, results of operations and financial condition.
• Its business has significant expenses in relation to employee benefits, cash vans and transportation. Any material increase in any of those expenses could affect its ability to competitively price its services, maintain or increase its profitability and results of operations.

• Capitalize on strong growth of key end-user sectors
• Improve the share of Value-Added-Services in its revenue mix
• Target direct end-users to improve profitability through increasing route density
• Increase market share from unorganized players in Cash Van Operations
• Capitalize on strong growth of key end-user sectors