Updater 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:

• Integrated business services platform, operating across diverse segments.
• Longstanding relationship with customers across diverse sectors leading to recurring business.
• Highly experienced Management team with support from PE Investors.
• Technology at the forefront of its current and future business.
• Pan India presence with large and efficient workforce coupled with strong recruitment capabilities.

• Operational risks are inherent in the company business as it includes rendering services in contrasting environments. A failure to manage such risks including any errors, defects or disruption in its service or inability to meet expected or agreed service standards, could have an adverse impact on the company business, cash flows, results of operations and financial condition.
• The company has a large workforce deployed across workplaces and customer premises. Consequently, its may be exposed to service-related claims and losses or employee disruptions that could have an adverse effect on the company reputation, business, cash flows, results of operations and financial condition.
• The company's businesses are manpower intensive and its inability to attract and retain skilled manpower could have an adverse impact on the company growth, business and financial condition. Further, in the event its are not able to manage the company attrition, its may not be able to meet the expectations of the customers, which may have an adverse impact on the financial condition.
• A significant portion of the company revenues are derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on its business, cash flows, results of operation and financial condition.
• The company's business could be adversely affected if its customers fail to renew their contracts with it or the company fail to acquire new customers.

• Retain, strengthen and grow customer base with a focus on deepening relationships with existing customers.
• Grow market share in key segments.
• Introduce new products and services catering to existing and new customer segments.
• Pursue inorganic growth through strategic acquisitions of high margin businesses supplemental to its operations.
• Continue to improve operating margins.