Taylormade Renewables Ltd

Taylormade Renewables

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)

revenue breakup

State Wise Revenue Breakup:

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:

  1. Mr. Dharmendra Gor (Designation: Managing Director)
  2. Mr.Jayesh Shah (Designation: Executive Director)
  3. 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
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)



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:
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:
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