Sonu Infratech Ltd IPO

  • Min. Investment108000/ 3000 Shares
  • Min. Quantity3000
  • Price Range₹36
  • Date Range29 Apr 22 - 05 May 22
  Retail Investor can invest upto Rs 2,00,000 in IPO
Dates
  • Application Start Date29 Apr 2022
  • Application End Date05 May 2022
  • Allotment begins
  • Refund Initiation Date11 May 2022
  • Allotment Date10 May 2022
  • Listing On Exchange17 May 2022
Registrar Information
  • NameSkyline Financial Services Pvt
  • Contact no.011-40450193-197
  • Email IDcompliences@skylinerta.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 40.98 40.61 53.18
Net Profit 0.66 1.38 1.75
Total Assets 29.03 43.19 59.22
Strengths
  • Established brand and image
  • Domain expertise and technical excellence
  • Impeccable Track Record
  • Established brand and image
  • Domain expertise and technical excellence
Risks
  • The company generates almost entire sales from the its operations in Gujarat especially in Jamnagar region and any adverse developments affecting its operations in Gujarat could have an adverse impact on its revenue and results of operations.
  • Its top 5 customers contribute more than 80% of the company revenue from operations.
  • The Company is dependent on few numbers of suppliers for purchase of product. Loss of any of this large Suppliers may affect its business operations.
  • There may be potential conflict of interests between the Company and group entity/ company promoted by its Promoters cum Director.
  • The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cash flows.
Opportunities
  • Continue to enhance its project execution capabilities
  • Diversify its business by bidding and winning Government projects
  • Building its own execution capabilities
  • Capture the high growth opportunities in the India Infrastructure sector
  • Owned fleet of construction Equipment's
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).