Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Thu, Mar 22, 2018 - Tue, Mar 27, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 22, 2018
IPO Close
Tue, Mar 27, 2018
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹34.39 Cr
| IPO Date | 22 to 27 Mar, 2018 |
| Listed on | Fri, Apr 6, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 32,40,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,68,000 shares Guiness Securities Ltd. (agg. up to ₹0.5880 Cr) |
| Fresh Issue (Ex Market Maker) | 30,72,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 30,72,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 65,84,848 shares |
| Share Holding Post Issue | 98,24,848 shares |
| BSE Script Code | 541228 |
| ISIN | INE459Z01017 |
Taylormade Renewables IPO comprises a total issue size of 32,40,000 shares. The net offer to the public is 30,72,000 shares, after excluding 1,68,000 shares allotted on a firm basis. Of the Net offer 15,36,000 (50.00%) allocated to NII 15,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,36,000 | 50.00% | 47.41% |
| Retail Shares Offered | 15,36,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,68,000 | 5.19% | |
| Total Shares Offered | 32,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement | 7.91 |
| 2 | General corporate purposes | 2.70 |
| 3 | Issue Expenses | 0.73 |
The Taylormade Renewables IPO is subscribed 1.25 times on March 27, 2018 5:00:00 PM (Day 4). The public issue subscribed 0.74 times in the retail category, [.] times in the QIB category, and 1.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.75 | 15,36,000 | 26,92,000 |
| Retail | 0.74 | 15,36,000 | 11,40,000 |
| Total | 1.25 | 30,72,000 | 38,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursement of underwriting fees, brokerage, payment to other intermediaries such as legal advisor, peer review auditor, Registrar etc. | 0.60 |
| 2 | Regulatory and other fees | 0.03 |
| 3 | Marketing and other expenses | 0.11 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹36.00 |
| Low | ₹35.80 |
| High | ₹37.80 |
| Last Trade | ₹37.80 |
Lead Manager Reports
Taylormade Renewables IPO is a SME IPO of 32,40,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Mar 22, 2018, and closes on Tue, Mar 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 Thu, Mar 22, 2018 and closes on Tue, Mar 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 Fri, Apr 6, 2018.
