Corporate Action12 Oct 2026, 10:10 pm

TD Power Systems Raises ₹600 Cr via QIP

AI Summary

TD Power Systems Ltd has successfully completed a Qualified Institutional Placement (QIP), raising ₹599,99,99,625 (₹600 Crore). The company allotted 77,41,935 Equity Shares to eligible qualified institutional buyers at an issue price of ₹775 per share, which includes a premium of ₹774. This price reflects a 0.05% discount to the floor price of ₹775.35. The QIP opened on October 7, 2026, and closed on October 12, 2026. Following the allotment, the company's paid-up equity share capital has increased from ₹31,37,06,860 (₹31.37 Crore) to ₹32,14,48,795 (₹32.14 Crore). Major allottees include Axis Mutual Fund, Canara Robeco Mutual Fund, ICICI Prudential, and Mirae Asset.

Key Highlights

TD Power Systems raised ₹600 Crore through a Qualified Institutional Placement (QIP).
77,41,935 equity shares were allotted at ₹775 each, a 0.05% discount to floor price.
The QIP increased paid-up equity capital from ₹31.37 Cr to ₹32.14 Cr.
Key allottees include Axis, Canara Robeco, ICICI Prudential, and Mirae Asset Mutual Funds.

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TDPOWERSYS

Heavy Electrical Equipment

T D POWER SYSTEMS LTD.

Price Impact