Syrma SGS Technology 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:

• one of the leading design and electronic manufacturing services companies in terms of revenue in Fiscal 2021, driven by its focus on quality and customer relationships;
• consistent track record of financial performance;
• diversified and continuously evolving and expanding product portfolio and service offerings catering to customers across various industries, backed by strong R&D capabilities;
• established relationships with marquee customers across various countries;
• state-of-the-art manufacturing capabilities supported by a global supplier network, with a focus on vertical integration;

• The company customers do not make long-term commitments to it and may cancel or change their production requirements. Such cancellations or changes may adversely affect its financial condition, cash flows and results of operations.
• The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities and if the costs of setting up and the possible time or cost overruns related to these projects are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects. Further, any variation in the utilisation of its Net Proceeds may be subject to certain compliance requirements, including prior shareholders' approval.
• The company has not entered into any definitive agreements to use a portion of the proceeds of the Fresh Issue in relation to the acquisition of certain land required for its proposed setting up of manufacturing facilities, and accordingly such land is not registered in the name of the Company. Accordingly, its may invest or spend the proceeds of the Fresh Issue in ways with which you may not agree.
• The proceeds from the Offer for Sale will be paid to the Promoter Selling Shareholder.
• The Offer Price, market capitalization to revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.

• Solidify and strengthen its core competitiveness of technology innovation
• Pursue inorganic growth through strategic acquisitions
• Expand its customer base and geographic reach
• Increase its wallet share from existing customers
• Cater to more end-use industries