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Vishnu Prakash R Punglia Ltd IPO

  • Min. Investment14100/ 150 Shares
  • Min. Quantity150
  • Price Range₹94 - ₹99
  • Date Range24 Aug 23 - 28 Aug 23
  Retail Investor can invest upto Rs 2,00,000 in IPO
Dates
  • Application Start Date24 Aug 2023
  • Application End Date28 Aug 2023
  • Allotment begins
  • Refund Initiation Date01 Sep 2023
  • Allotment Date31 Aug 2023
  • Listing On Exchange04 Sep 2023
Registrar Information
  • NameLink Intime India Pvt Ltd
  • Contact no.+91 22 8108114949
  • Email ID
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 FY21 FY22 FY23
(Rs Crore)
Revenue 485.73 785.61 1168.4
Net Profit 18.98 44.85 90.64
Total Assets 331.43 498.32 826.09
Strengths
  • Focused player in Water Supply Projects (WSPs).
  • Visible growth through robust order book across segments.
  • Established relationships with marquee client base.
  • Track record of successfully completed projects.
  • In-house integrated model.
Risks
  • There are certain outstanding litigations involving the Company, which, if determined adversely, may affect its business operations and reputation.
  • The company projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect its business, financial condition, results of operations, and prospects.
  • The company derive a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospect.
  • The company business is working capital intensive involving relatively long implementation periods. The company require substantial financing for its business operations. The company indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company ability to conduct its business.
  • The company is required to furnish financial and performance bank guarantees and letter of credits as part of its business. The company inability to arrange such guarantees and/or letters of credit may adversely affect its cash flows and financial condition.
Opportunities
  • Geographical diversification.
  • Continued focus on its Water Supply Projects (WSP) business.
  • Pursuing other segments.
  • Focus on high value contracts and investment in latest equipment.
  • Increase competitiveness through quality execution, cost reduction and continuous training of manpower.
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).

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