Taylormade Renewables IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 29, 2023Taylormade Renewables Ltd is Energy Company that intends to provide solutions to the customers for their various thermal energy needs. Lets have a detailed review of Taylormade Renewables IPO and an in-depth analysis of the IPO release date, IPO offer price, Taylormade Renewables IPO subscription, IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs NA. Check the Live Share Price here Taylormade Renewables Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Taylormade Renewables IPO Review & Ratings
| Taylormade Renewables IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.1/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.5/10 |
| Company Reputation | 6.2/10 |
| Competitive Edge | 6.3/10 |
| Financial Statements | 6.4/10 |
| Popularity Index | 6.5/10 |
| Promoters Reputation | 6.5/10 |
| Retail Appetite | 6.7/10 |
| Top Brokers Review | 6.0/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Taylormade Renewables IPO
TAYLORMADE RENEWABLES LIMITED Company was incorporated in the year 2010 and subsequently started its commercial production from GIDC, Pardi Valsad. Company is leading solution provider for thermal energy need. Company Planned to raise capital through fresh issue for financing their working capital requirement. The face value of share will be Rs. 10, Issue size is yet to be disclosed.
The Promoters of the company are:
- Dharmendra Gor
- Neera Gor
- Jayesh Shah
Taylormade Renewables IPO has one Lead manager to the issue GUINESS CORPORATE ADVISORS PRIVATE LIMITED. The registrar to the issue is Bigshare Services Private Limited.
Subscribe to Taylormade Renewables IPO
Taylormade Renewables IPO Date
The opening and the closing date of the Taylormade Renewables IPO is not known yet.
Taylormade Renewables IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The IPO issue date has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.
Taylormade Renewables IPO Allotment Status
Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.
Taylormade Renewables IPO Price Band
The face value of the Equity Shares of our Company is Rs 10/- each and the Issue Price is Rs X the share price.
Taylormade Renewables IPO Issue Size
The Issue size is Rs. 5000 Million, Issue price is yet to be decided.
Taylormade Renewables IPO Equity Share Offerings
Up to 32,40,000 Equity Share of `10 each fully paid-up of our Company for cash at a price of `[●] per Equity Share aggregating to `[●] Lakhs
Taylormade Renewables Limited – Company Overview
TAYLORMADE RENEWABLES LIMITED Company was incorporated in the year 2010 and subsequently started its commercial production from GIDC, Pardi, Valsad.
They are primarily engaged in manufacturing of Solar Parabolic Concentrating Systems for steam generation for steam cooking or other industrial application, direct or in-direct heating of water or any other media for industrial requirement, solar air-conditioning, and space heating, solar sludge drying, solar waste water evaporation and many more applications requiring thermal energy. They also manufacture and market Solar Dish Cooker, Solar Box Cooker, Solar Dryer, Biomass cook stoves and Gasifier, Biomass Cook stoves, solar dryers, solar box cookers and solar dish cookers.
Taylormade Renewables – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Assets of the Company
Assets (in INR & Lakhs)
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Non-Current Asset | 149.42 | 33.81 | 41.98 | 28.74 | 20.51 |
| Current Assets | 909.73 | 755.83 | 400.24 | 136.17 | 68.84 |
| Total Assets | 1059.3 | 789.79 | 442.37 | 165.06 | 92.91 |
Revenue & PAT of the Company
Revenue and Profit (in lakhs)
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Revenue | 1819.12 | 1210.82 | 840.79 | 245.43 | 108.36 |
| Profit After Tax | 41.98 | 8.11 | 3.87 | 2.62 | 0.98 |
Earnings per Equity Share (in Lakh)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic | 18.61 | 6.77 | 1.31 | 0.67 | – |
| Diluted | 18.61 | 6.77 | 1.31 | 0.67 | – |
From the above statements, one could find that the garment company has performed well in the past few years.
Taylormade Renewables IPO Promoters
The Promoters of this company are:
- Dharmendra Gor
- Jayesh Shah
- Neera Gor
- Harinarayana Tirumalachetty
- Samir Patel
- Avani Patel
- Jayesh Chandala Hareshbhai
The interest of Promoters in the Promotion of the company
The Promoters are interested in the Company to the extent that they have promoted the Company
and to the extent of its shareholding and the dividend receivable, if any and other distributions in
respect of the Equity Shares held by them. Promoters may also be deemed to be interested in the Company to the extent of their shareholding in the Group Entities with which the Company transacts during the course of its operations.
The interest of Promoter in the Property of the company
None of the Promoters have any interest in any property acquired by the Company within two years from the date of this Draft Prospectus or proposed to be acquired by it or in any transaction in acquisition of
land, construction of building and supply of machinery etc.
The interest of Promoter in the Intellectual Rights of the company
Promoter has not shown any interest in acquiring the intellectual rights of the company.
Taylormade Renewables IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | UPTO 32,40,000 Equity Share |
| Of which: | |
| Reserved for Market Makers | UP TO 1,68,000 EQUITY SHARES |
| Net Issue to the Public | UP TO 30,72,000 EQUITY SHARES |
| Of which: | |
| Retail Investors Portion | Upto 15,36,000 Equity Shares |
| Non-Retail Investors Portion | Upto 15,36,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 65,84,848 Equity Shares |
| Equity Shares outstanding after the Issue | Upto 98,24,848 Equity Shares |
Taylormade Renewables IPO Issue Object
These are the IPO Issue Objects of the company
- To repay the amount which was borrowed by the company
- Finance Working Capital requirement of the company
- To meet the costs incurred for the issue of this IPO
- To meet the general corporate purpose of the company
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Taylormade Renewables IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors. The face value of each share is Rs 10 and the issue price of the IPO is yet to be decided.
Qualitative factors are:
Some of the qualitative factors, which form the basis for computing the price, are:
- Experienced management team
- State of art Infrastructure
The relevant quantitative factors are:
- Basic and Diluted Earnings per Share (EPS)
- Price to Earnings (P/E) ratio
- Return on Net Worth
| Period | Return on net worth | Weight |
| Year ended March 31, 2017 | 40.59% | 3 |
| Year ended March 31, 2016 | 13.19% | 2 |
| Year ended March 31, 2015 | 7.25% | 1 |
| Weighted Average | 25.09% | |
| As On 31 Dec 2017 | 18.37% |
- Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
- Net Asset Value per Equity Share
| Particulars | NAV |
| As on March 31, 2017 | 22.99 |
| As on 31-dec-2017 (Not Annualized) | 34.01 |
| NAV after the Issue | – |
| Issue Price | – |
List of Latest IPOs of 2018
Taylormade Renewables IPO Lead Managers
| Lead Managers |
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED |
Taylormade Renewables IPO Registrar to offer
| Registrar of the Offer |
| Bigshare Services Private Limited |
Taylormade Renewables IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.4/10 | 6.6/10 | 6.0/10 | 6.4/10 | 6.0/10 |
| Sharekhan | 6.2/10 | 6.1/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.3/10 | 6.2/10 | 6.3/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.3/10 | 6.3/10 | 6.7/10 | 6.1/10 | 6.1/10 |
| IIFL | 6.2/10 | 6.2/10 | 6.8/10 | 6.0/10 | 6.1/10 |
| Edelweiss | 6.2/10 | 6.3/10 | 6.3/10 | 6.3/10 | 6.2/10 |
| Zerodha | 6.3/10 | 6.4/10 | 6.3/10 | 6.3/10 | 6.0/10 |
| 5Paisa | 6.1/10 | 6.4/10 | 6.3/10 | 6.1/10 | 6.1/10 |
| Karvy | 6.3/10 | 6.3/10 | 6.2/10 | 6.1/10 | 6.0/10 |
| Motilal Oswal | 6.3/10 | 6.4/10 | 6.3/10 | 6.5/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Taylormade Renewables IPO Grey Market Premium
The Taylormade Renewables IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
Calculate your return on investment!
| Asset Class | ROI (Rs.) | Profit (Rs.) | Profit (%) |
| IPO | |||
| Equity | |||
| Savings | |||
| Real Estate | |||
| Gold | |||
| Bonds | |||
| Fixed Deposit | |||
| Mutual Fund |
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Taylormade Renewables IPO News
News 1 – IPO ISSUES OPEN SOON
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