Taylormade Renewables IPO Details

Issue Open Mar 22, 2018
Issue Close Mar 27, 2018
IPO Price ₹35
Face Value ₹10
IPO Size ₹11.34 Cr
Listing At BSE SME
IPO Lot Size 4000

TAYLORMADE RENWABLES LIMITED

Corporate Identification Number: U29307GJ2010PLC061759

Our Company was originally Incorporated as 'Taylormade Solar Solutions Private Limited' on July 28,2010, as a private limited company under the provisions of the Companies Act, 1956 with the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli, bearing Corporate Identification Number U29307GJ2010PTC061759. Subsequently, name of our Company was changed from 'Taylormade Solar Solutions Private Limited' to 'Taylormade Renewables Private Limited' pursuant to Shareholders resolution passed at the Extra-ordinary General Meeting of our Company held on November 23, 2017 and a fresh Certificate of Incorporation was Issued by Assistant Registrar of Companies, Ahmedabad, dated December 12,2017. Consequently, our Company was converted to public limited Company pursuant to shareholders resolution passed at the Extra Ordinary General Meeting held on December 13, 2017 and the name of our Company was changed to 'Taylormade Renewables Limited'. A fresh certificate of incorporation consequent up on conversion to public limited Company was issued by the Deputy Registrar of Companies, Ahmedabad, Gujarat, on December 21,2017. For further details of our Company, please refer 'General Information' and 'History and Certain Other Corporate Matter' on page numbers 48 and 111 respectively of the Prospectus.

Registered Office: 705, Shapath-ll, Opp. Rajpath Club, S.G. Road, Bodakdev, Ahmedabad, Gujarat- 380054, India. | Tel.: +91 79 40040888
Fax:+91 79 40040666 | Email: cs@tss-india.com | Website: www.trlindia.com | Contact Person: Juhi Shah, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: DHARMENDRA GOR, NEERA GOR AND JAYESH SHAH

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 32,40,000 EQUITY SHARES OF A FACE VALUE OF RS 10.00 EACH (THE 'EQUITY SHARES') OF TAYLORMADE RENEWABLES LIMITED ('OUR COMPANY' OR 'TRL' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 35.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 25.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 1134.00 LAKHS ('THE ISSUE') OF WHICH 1,68,000 EQUITY SHARES AGGREGATING TO RS 58.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 30,72,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 35.00 PER EQUITY SHARE AGGREGATING TO RS 1075.20 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 32.98% AND 31.27%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER 'TERMS OF THE ISSUE' ON PAGE 189 OF THE PROSPECTUS. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBI ICDR REGULATIONS'), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 198 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND
THE ISSUE PRICE IS RS 35.00. THE ISSUE PRICE IS 3.50 TIMES OF THE FACE VALUE.
ISSUE OPENED ON THURSDAY, MARCH 22,2018 AND CLOSED ON TUESDAY, MARCH 27, 2018.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE SME') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated February 21,2018 from BSE Limited for using its name in the offer document for listing of our Shares on the SME platform of BSE Limited (BSE SME). The designated stock exchange is BSE Limited ('BSE'). The trading Is proposed to be commenced on or about April 06,2018*.
*Subject to receipt of listing and trading approvals from BSE Limited.

All Applicants were allowed to participate in the Issue through Application Supported by Blocked Amount ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 312 applications for 38,20,000 Equity Shares (Before Technical Rejections but after Invalid bids and bids not banked/blocked) (including Market Maker Application of 1,68,000 Equity Shares) resulting in 1.18 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.14 times (including the Market Maker Portion).The details of the applications received In the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

Category No. of
Applications
% to
Total
No of
Equity Shares
% to
Total
Subscription
(Times)
Marks) Maker 1 0.32 168000 4.40 1.00
Retail Individual Investors 282 90.38 1128000 29.53 0.73
Other than Retail Individual Investors 29 9.29. 2524000 66.07 1.64
TOOL 312 100.00 382,000 100.00 1.18

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

Category No. of
Applications
No of
Equity Shares
Market Maker Nil Nil
Retail Individual Investors 6 24000
Other than Retail individual Investors 1 108000
TOTAL 7 132000

Aftar eliminating technically rejected applications, the following table gives us category wise net valid applications:

Category No. of
Applications
% to
Total
No of Shares
Reserved as
per Prospectus
No.of Valid
Shares applied
% to
Total
applied
Subscription
(Times)
Market Maker 1 0.33 168000 168000 4.56 1.00
Retail Individual Investors 276 90.49 1536000 1104000 29.93 0.72
Other than Retail Individual Investors 28 9.18 1536000 2416000 65.51 1.57
TOTAL 305 100.00 3240000 3688000 100.00 1.14

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on April 3,2018.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 35.00 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category Is 1,68,000 Equity shares.

B. Allocation to Retail Individual Investors (After Technical Refections):
The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 35.00 per Equity Share, was finalized in consultation wtth BSE. The category was subscribed by 0.72 times. Total number of shares allotted in this category is 11,04,000 Equity Share against resenved of 15,36,000 Equity share to 276 successful applicants. Balance 4,32,000 Equity Shares has been spilled over to Other than Retail Individual Investors:

The category wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category wise)
No. of
Appli
cations
received
% to
Total
Total No. of
Equity Shares
applied in this
Category
% to
Total
Proporti
nate
Shares Available
Allocation per
Applicant (Before
Rounding Off)
Allocation per
Applicant (After
Rounding Off)
Ratio of
Allottees to
Applicants
No. of Successful
Applicant (After
Rounding Off)
Total No.
of Shares
allocated/
allotted
No. of Shares
Surplus/
Deficit
4000 276 100.00 1104000 100.00 1536000 4000 4000 1:1 276 1104000 (432000)
TOTAL 276 100.00 1104000 100.00 1536000 276 1104000 (432000)

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 35.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.57 times. Total number of shares allotted in this category is 19,68,000 Equity Shares to 28 successful applicants after taking spill over of 4,32,000 Equity Shares from Retail Individual Investors.
The category wise basis of allotment is as under:

No. of Shares
Applied for
(Category wise)
No. of
Appli
cations
received
% to
Total
Total No. of
Equity Shares
applied in this
Category
% to
Total
Proporti
nate
Shares Available
Allocation
per Applicant (Before
Rounding Off)
Allocation per Applicant (After
Rounding Off)
Ratio of
Allottees to
Applicants
No. of Successful
Applicant (After
Rounding Off)
Total No.
of Shares
allocated/
allotted
No. of Shares
Surplus/
Deficit
8000 2 7.14 16000 0.66 13033 6516.56 4000 1:1 2 8000 (5033)
8000 4000 1:2 4000 4000
12000 3 10.71 36000 1.49 29325 9774.83 8000 1:1 3 24000 (5325)
12000 4000 1:3 4000 4000
16000 1 3.57 16000 0.66 13033 13033.11 12000 1:1 1 12000 (1033)
20000 3 10.71 60000 2.48 48874 16291.39 16000 1:1 3 48000 (874)
32000 3 10.71 96000 3.97 78199 26066.23 24000 1:1 3 72000 (6199)
32000 4000 2:3 8000 8000
36000 1 3.57 36000 1.49 29325 29324.50 28000 1:1 1 28000 (1325)
40000 2 7.14 80000 3.31 65166 32582.78 32000 1:1 2 64000 (1166)
52000 1 3.57 52000 2.15 42358 42357.62 44000 1:1 1 44000 1642
56000 1 3.57 56000 2.32 45616 45615.89 44000 1:1 1 44000 (1616)
72000 4 14.29 288000 11.92 234596 58649.01 56000 1:1 4 224000 (10596)
72000 4000 3:4 12000 12000
84000 1 3.57 84000 3.48 68424 68423.84 68000 1:1 1 68000 (424)
144000 1 3.57 144000 5.96 117298 117298.01 116000 1:1 1 116000 (1298)
180000 1 3.57 180000 7.45 146623 146622.52 148000 1:1 1 148000 1377
200000 1 3.57 200000 8.28 162914 162913.91 164000 1:1 1 164000 1086
220000 1 3.57 220000 9.11 179205 179205.30 180000 1:1 1 180000 795
284000 1 3.57 284000 11.75 231338 231337.75 232000 1:1 1 232000 662
568000 1 3.57 568000 23.51 462673 462675.50 464000 1:1 1 464000 1327
GRAND TOTAL 28 100 2416000 100 1968000 28 1968000 0

The Board of Directors of the Company at its meeting held on April 3, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited (BSE) and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants.The CAN and allotment advice and/or rejection letters will be dispatch to the address of the Applicants as registered with the depositories / as filled in the application form on or before April 6, 2018. Further, the instructions to Self Certified Syndicate Banks being processed on April 4, 2018. In case the same is not received within prescribed time, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the BSE SME within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 15,2018 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai -400059.
Tel. No.: +91 22-62638200 | Fax No.: +91 22-62638299
E-mail: ipo@bigshareonline.com | Website: www.bigshareonline.com
Contact Person: Babu Raphael | SEBI Registration No.: INR000001385

Place: Ahmedabad

Date: April 04,2018

For Taylormade Renewables Limited
On behalf of the Board of Directors
Sd/-
Dharmendra Gor
Managing Director

Taylormade Renewables IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Taylormade Renewables IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Taylormade Renewables IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Taylormade Renewables IPO basis of allotment status?

    The Taylormade Renewables IPO basis of allotment (published above) tells you how shares are allocated to you in Taylormade Renewables IPO and category wise demand of IPO share.

    Visit the Taylormade Renewables IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Taylormade Renewables IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Taylormade Renewables IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App