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Taylormade Renewables IPO is a fixed price issue of ₹11.34 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹11.34 crore.
Taylormade Renewables IPO bidding started from Mar 22, 2018 and ended on Mar 27, 2018. The shares got listed on BSE SME on Apr 6, 2018.
Taylormade Renewables IPO price is ₹35.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Taylormade Renewables IPO RHP for detailed Information.
| IPO Date | March 22, 2018 to March 27, 2018 |
| Listing Date | April 6, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,40,000 shares (aggregating up to ₹11.34 Cr) |
| Reserved for Market Maker | 1,68,000 shares Guiness Securities Ltd. (aggregating up to ₹0.5880 Cr) |
| Net Offered to Public | 30,72,000 shares (aggregating up to ₹10.75 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 65,84,848 shares |
| Share Holding Post Issue | 98,24,848 shares |
Taylormade Renewables IPO offers total 32,40,000 shares. Out of which 15,36,000 (47.41%) allocated to NII, 15,36,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,68,000 (5.19%) |
| NII (HNI) Shares Offered | 15,36,000 (47.41%) |
| Retail Shares Offered | 15,36,000 (47.41%) |
| Total Shares Offered | 32,40,000 (100.00%) |
Taylormade Renewables IPO opens on March 22, 2018, and closes on March 27, 2018.
| IPO Open Date | Thu, Mar 22, 2018 |
| IPO Close Date | Tue, Mar 27, 2018 |
| Tentative Listing Date | Fri, Apr 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 27, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Incorporated in the year 2010, Taylormade Renewables Limited is a Gujarat based company engaged in providing renewable energy solutions. The company specializes in manufacturing of Solar Parabolic Concentrating Systems for steam generation used in steam cooking and other industrial application, direct or in-direct heating, including solar air-conditioning, and solar space heating, solar drying, solar waste water evaporation and many more applications requiring thermal energy.
Taylormade also manufactures Solar Dish Cooker, Solar Box Cooker, Solar Dryer, Biomass cook stoves and biomass gasifiers, air source heat pumps, solar thermic fluid cooking system, evacuated tube collectors with and without CPC reflector.
In the year 2017, the company shifted our manufacturing unit from Valsad to our present location situated at Kerala Industrial Estate, Ahmedabad which is spread over to an area admeasuring 1710.00 sq. mtrs.
As on March 15, 2018, the company has 54 employees to look after our business operations, production and factory management.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,059.30 | 790.49 | 442.54 | 165.06 | 92.83 | |
| Total Revenue | 1,819.12 | 1,210.82 | 840.79 | 245.43 | 108.36 | |
| Profit After Tax | 45.42 | 7.36 | 3.07 | 3.02 | 1.01 | |
The Company Taylormade Renewables IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working capital requirement | 7.91 |
| 2 | General corporate purposes | 2.70 |
| 3 | Issue Expenses | 0.73 |
[Dilip Davda] <p>Considering Improving performance and better prospects for the segment going forward, investment in this issue may be considered for long term.</p> Read detail review...
| Listing Date | April 6, 2018 |
| BSE Script Code | 541228 |
| NSE Symbol | |
| ISIN | INE459Z01017 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹36.00 |
| Low | ₹35.80 |
| High | ₹37.80 |
| Last Trade | ₹37.80 |
Taylormade Renewables Ltd.
705, Shapath - II , Opp. Rajpath Club
S.G. Road,
Bodakdev
Ahmedabad, Gujarat, 380054
Phone: +91 79 40040888
Email: cs@tss-india.com
Website: http://www.trlindia.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Taylormade Renewables IPO is a SME IPO of 32,40,000 equity shares of the face value of ₹10 aggregating up to ₹11.34 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on March 22, 2018, and closes on March 27, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Taylormade Renewables IPO using UPI as a payment gateway. Zerodha customers can apply in Taylormade Renewables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Taylormade Renewables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Taylormade Renewables IPO opens on March 22, 2018 and closes on March 27, 2018.
Taylormade Renewables IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Taylormade Renewables IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Taylormade Renewables IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Taylormade Renewables IPO allotment status.
The Taylormade Renewables IPO listing date is on Friday, April 6, 2018.
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