Taylormade Renewables IPO – Review, Allotment Status, Subscription, Price, Date & more

Taylormade 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.


Taylormade Renewables IPO Review & Ratings

Taylormade Renewables IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.1/10
Industry Ranking 6.3/10
Company Background6.5/10
Company Reputation6.2/10
Competitive Edge6.3/10
Financial Statements6.4/10
Popularity Index6.5/10
Promoters Reputation6.5/10
Retail Appetite 6.7/10
Top Brokers Review6.0/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Taylormade Renewables IPO

Taylormade Renewables IPOTAYLORMADE 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.


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    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 1X
    Day 2 X
    Day 3X
    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-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Non-Current Asset149.4233.8141.9828.7420.51
    Current Assets909.73755.83400.24136.1768.84
    Total Assets1059.3789.79442.37165.0692.91

    Revenue & PAT of the Company

       Revenue and Profit (in lakhs)

     31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Revenue 1819.121210.82840.79245.43108.36
    Profit After Tax 41.988.113.872.620.98

    Earnings per Equity Share (in Lakh)

     31-Dec-1731-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Basic 18.616.771.310.67 –
    Diluted 18.616.771.310.67 –

    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 OfferedUPTO 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 PortionUpto 15,36,000 Equity Shares
     Equity Shares outstanding prior to the Issue65,84,848 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
    PeriodReturn on net worthWeight
    Year ended March 31, 201740.59%3
    Year ended March 31, 201613.19%2
    Year ended March 31, 20157.25%1
    Weighted Average25.09%
    As On 31 Dec 201718.37%

     

    • Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
    • Net Asset Value per Equity Share
    ParticularsNAV
    As on March 31, 201722.99
    As on 31-dec-2017 (Not Annualized)34.01
    NAV after the Issue
    Issue Price

     


    List of Latest IPOs of 2018

     Flemingo Travel Retail IPOIndian Railway Finance IPOFine Organics IPO Indian Renewable Energy IPO
     Capricorn Food Products IPOEnergy Efficiency Services IPO Nazara Technologies IPOAnmol Industries IPO

    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
    Angel Broking6.4/106.6/106.0/106.4/106.0/10
    Sharekhan6.2/106.1/106.6/106.1/106.2/10
    Kotak Securities6.3/106.2/106.3/106.4/106.3/10
    ICICI Direct6.3/106.3/106.7/106.1/106.1/10
    IIFL6.2/106.2/106.8/106.0/106.1/10
    Edelweiss6.2/106.3/106.3/106.3/106.2/10
    Zerodha6.3/106.4/106.3/106.3/106.0/10
    5Paisa6.1/106.4/106.3/106.1/106.1/10
    Karvy6.3/106.3/106.2/106.1/106.0/10
    Motilal Oswal6.3/106.4/106.3/106.5/106.4/10

    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.


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      Taylormade Renewables IPO News

      News 1 – IPO ISSUES OPEN SOON


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