|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement.)
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
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 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*.
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").
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:
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
Aftar eliminating technically rejected applications, the following table gives us category wise net valid applications:
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.
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 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.
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:
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF TAYLORMADE RENEWABLES LIMITED.