About the Company:
Taylormade Renewables (Incorporated in 2010) is primarily engaged in providing renewable energy solutions.
Company’s specialization is in manufacturing of Solar Parabolic Concentrating Systems for steam generation used in steam cooking other industrial application, director in-direct heating, including solar air-conditioning, and solar heating, solar drying, solar waste water evaporation and many more applications requiring thermal energy.
They also manufacturer solar dish cooker, solar box cooker, solar dryer, biomass cook stoves and biomass gasfiers, air source heat pumps, solar thermic fluid cooking system, evacuated tube collectors with and without CPC reflector.
They are an ISO 9001-2008 certified Company which offers systems of high quality and reliability that intends to provide solutions to the customers for their various thermal energy needs at a reasonable cost.
Company uses parabolic static focus and moving focus technology that concentrate solar radiation by automatically tracking the sun and using the thermal energy. The advantage of using this technology is, it is risk free, safe, and indigenous and this system can be run by any person without using much skill.
The end users for Company’s products are Educational Institutions, Households, Forest Departments and public welfare departments and many more.
Company’s principle markets in India includes the state of Chattisgarh, Himachal Pradesh, Gujarat, Uttrakhand and Uttar Pradesh.
Product Wise Revenue Breakup: (Upto 31st Dec 2017)
State Wise Revenue Breakup:
Products Manufactured by the Company:
- Dish Cooker.
- Box Cooker.
- Biomass Cook Stove.
- Solar Dryers.
- Solar Direct Cooking System.
- Solar Waste Water Evaporator System.
- Solar Hot Water Application.
Management Team:
- Mr. Dharmendra Gor (Designation: Managing Director)
- Mr.Jayesh Shah (Designation: Executive Director)
- Ms.Neera Gor (Designation: Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Dharmedra Gor | 52,49,271 | 7.73 |
| Neera Gor | 3,76,116 | 11.27 |
| Jayesh Shah | 26,127 | 11.52 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Dharmendra Gor | 79.72 | 53.42 |
| Neera Gor | 5.71 | 3.82 |
| Jayesh Shah | 0.40 | 0.26 |
| Promoter Group Entities | 2.73 | 1.83 |
| Total | 88.56% | 59.36% |
Objectives of the Issue:
- Long term working capital requirements of our Company.
- General corporate purposes.
- Issue Expense.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 7.90 |
| General Corporate Expenses | 2.7 |
| Issue Expenses | 0.73 |
| Net Proceeds | 11.34 cr |
Peer Group Comparison:
We believe that there are no listed Companies in India which are purely engaged in manufacturing of Solar Parabolic Concentrating Systems like Taylormade Renewables Ltd. Hence we cannot make any comparison.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st Dec 17 |
|---|---|---|---|---|---|---|
| Revenue | 1.08 | 2.45 | 8.40 | 12.10 | 18.19 | 18.97 |
| Net Profit | 0.01 | 0.03 | 0.03 | 0.073 | 0.45 | 1.29 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 22nd March 2018 |
| Issue Closes on:. | 27th March 2018 |
| Issue Price | Rs.35 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,40,000 |
| Issue Constitutes | 32.61% |
| Issue Size | Rs.11.21 cr |
| Market Cap | Rs.34.38 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (Fresh) | 32,04,000 |
| Equity Shares Prior to the Issue | 65,84,848 |
| Equity Shares after the Issue | 98,24,848 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 | Day-4 |
|---|---|---|---|---|---|
| HNI | 15,36,000 | 0.00 | 0.11 | 0.45 | 1.75 |
| Retail | 15,36,000 | 0.025 | 0.04 | 0.29 | 0.74 |
| Others | 1,68,000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee | ———- | —- | —– | —– | —– |
| TOTAL | 32,04,000 | 0.009 | 0.076 | 0.35 | 1.19 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 7.33 | 4.78 | 42.95% | 23.50 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Neutral | NA | NA |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Taylormade Renewables Ltd 705, Shapath – II , Opp. Rajpath Club, S.G. Road, Bodakdev, Ahmedabad, Gujarat 380054 Tel.: +91 79 40040888 Fax: +91 79 40040666 E-mail: investors@tss-india.com Website: www.trlindia.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East,Mumbai-400059 Tel: +91-22-62638200; Fax: +91-22-62638299; E-mail: ipo@bigshareonline.com; Investor Email: ipo@bigshareonline.com; Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91 – 33 – 3001 5555 Fax: +91 – 33 – 3001 5531 Email: gcapl@guinessgroup.net Investor Email: gcapl.mbd@guinessgroup.net Website: www.guinessonline.net |
