Business description – Taylormade Renewables is primarily engaged in providing renewable energy solutions. Its specialization is 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. The company uses parabolic static focus and moving focus technology that concentrate solar radiation by automatically tracking the sun and using the thermal energy. The company is also a manufacturer of 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.
Promoters of Taylormade Renewables – Dharmendra Gor, Neera Gor and Jayesh Shah
| Taylormade Renewables IPO details | |
| Subscription Dates | 22 – 27 March 2018 |
| IPO Price band | INR35 per share |
| Fresh issue | 3,240,000 shares (INR11.34 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,240,000 shares (INR11.34 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR7.91 crore
- General Corporate Purposes – INR2.7 crore
- Issue Expenses – INR0.73 crore
| Taylormade Renewables’ financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 108.4 | 245.4 | 840.8 | 1,210.8 | 1,819.1 | 1,897.7 |
| Total expenses | 106.9 | 241.0 | 836.5 | 1,200.0 | 1,753.1 | 1,720.1 |
| Profit after tax | 1.0 | 3.0 | 3.1 | 7.4 | 45.4 | 129.0 |
Taylormade Renewables’ Contact Details
Taylormade Renewables Limited
705, Shapath – II , Opp. Rajpath Club
S.G. Road, Bodakdev
Ahmedabad – 380054
Phone: +91 79 4004 0888
Email: [email protected]
Website: www.trlindia.com
Taylormade Renewables IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.01 |
| Day 2 | 0.07 |
| Day 3 | 0.35 |
| Day 4 | 1.18 |
Taylormade Renewables Valuation (Latest FY)
Earnings Per Share (EPS): INR7.33
Price/Earnings (P/E) ratio: 4.78
Return on Net Worth (RONW): 42.95%
Net Asset Value (NAV): INR23.50 per share
Registrar of Taylormade Renewables IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Taylormade Renewables IPO Allotment Status
Taylormade Renewables IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Taylormade Renewables
IPO Opening Date: 22 March 2018
IPO Closing Date: 27 March 2018
Listing Date: 6 April 2018
Listing Price on BSE SME: INR36 per share (up 2.85% from IPO price)
Closing Price on BSE SME: INR37.8 per share (up 8% from IPO price)
