TD Power Systems Completes QIP, Allots 77.4 Lakh Shares at ₹775

TD Power Systems Limited has successfully completed its Qualified Institutional Placement (QIP) issue. The Fund Raising Committee of the Board approved the closure of the issue on October 12, 2026, having received applications and funds from eligible Qualified Institutional Buyers (QIBs). A total of 77,41,935 equity shares were allocated at an issue price of ₹775 per share, which includes a premium of ₹774 per share. This price represents a marginal discount of 0.05% to the floor price of ₹775.35 per equity share, as per SEBI ICDR Regulations. The company also approved and adopted the placement document and finalized the confirmation of allocation notes to be sent to the QIBs.