Ratnaveer Precision Engineering 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:

• Wide product portfolio and multiple designs product enables the company to serve diverse end-use applications.
• Experienced Promoter
• Synergy of young and experienced management team with a committed employee base
• Establish Presence in the international markets
• Strategically located manufacturing facilities with a core focus on quality;

• The company do not have long-term agreements with the company suppliers for raw materials and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on the company business, results of operations, financial condition and cash flows.
• The pricing in the steel industry is subject to market demand, volatility and economic conditions. Fluctuations in steel prices may have a material adverse impact on its business, results of operations, prospects and financial conditions.
• The company is dependent on a few customers for a major part of its revenues. Further the company do not enter into long-term arrangements with its customers and any failure to continue the company existing arrangements could adversely affect its business and results of operations.
• A significant portion of the company domestic sales are derived from the western and north zone and any adverse developments in this market could adversely affect its business.
• The company business is working capital intensive. If its experience insufficient cash flows from the operations or are unable to borrow to meet the company working capital requirements, it may materially and adversely affect its business and results of operations.

• Diverse, longstanding and growing global customer base
• Continue to add to product portfolio by introducing new designs
• Technology integration and plant automation for cost efficiency and improved productivity
• Diverse, longstanding and growing global customer base
• Continue to add to product portfolio by introducing new designs