IPO Issue Details
Issue Price / Price Band₹35 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size32,40,000 shares (aggregating up to ₹11.34 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 22 Mar 2018
Subscription CloseTue, 27 Mar 2018
Anchor AllotmentWed, 21 Mar 2018
Basis of AllotmentMon, 02 Apr 2018
Initiation of RefundsTue, 03 Apr 2018
Credit of Shares to DematTue, 03 Apr 2018
Listing DateFri, 06 Apr 2018
UPI Mandate Deadline2018-03-27
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 4,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 8,000 shares
Net Offer to Public30,72,000 shares (aggregating up to ₹10.75 Cr)
Reserved for Market Maker1,68,000 shares (aggregating up to ₹0.5880 Cr)
Pre-IPO Promoter Holding65,84,848 shares
Post-IPO Promoter Holding98,24,848 shares
About Taylormade Renewables Ltd.
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.
Objects of the Issue
Taylormade Renewables Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working capital requirement
7.91
2
2 General corporate purposes
2.70
Shareholding & Lock-in
Pre-IPO Promoter Holding
65,84,848 shares
Post-IPO Promoter Holding
98,24,848 shares