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TD Power Systems IPO is a book build issue of ₹227.00 crores. The issue is entirely a fresh issue of 0.89 crore shares of ₹227.00 crore.
TD Power Systems IPO bidding started from Aug 24, 2011 and ended on Aug 26, 2011. The shares got listed on BSE, NSE on Sep 8, 2011.
TD Power Systems IPO price band is set at ₹256.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,400 (25 shares). The lot size investment for sNII is 32 lots (800 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (3,925 shares), amounting to ₹10,04,800.
Antique Capital Markets Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to TD Power Systems IPO RHP for detailed Information.
| IPO Date | August 24, 2011 to August 26, 2011 |
| Listing Date | September 8, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹256 to ₹261 per share |
| Issue Price Final | ₹256 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 88,67,187 shares (aggregating up to ₹227.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,43,70,401 shares |
| Share Holding Post Issue | 3,32,37,588 shares |
TD Power IPO offers total 88,67,187 shares. Out of which 44,33,592 (50.00%) allocated to QIB, 31,29,042 (35.29%) allocated to QIB, 13,30,079 (15.00%) allocated to NII, 31,03,516 (35.00%) allocated to RII and 13,04,550 (14.71%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 44,33,592 (50.00%) | NA |
| − Anchor Investor Shares Offered | 13,04,550 (14.71%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 31,29,042 (35.29%) | NA |
| NII (HNI) Shares Offered | 13,30,079 (15.00%) | NA |
| Retail Shares Offered | 31,03,516 (35.00%) | 1,24,140 |
| Total Shares Offered | 88,67,187 (100.00%) |
TD Power Systems IPO opens on August 24, 2011, and closes on August 26, 2011.
| IPO Open Date | Wed, Aug 24, 2011 |
| IPO Close Date | Fri, Aug 26, 2011 |
| Tentative Listing Date | Thu, Sep 8, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 26, 2011 |
Investors can bid for a minimum of 25 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,400 |
| Retail (Max) | 31 | 775 | ₹1,98,400 |
| S-HNI (Min) | 32 | 800 | ₹2,04,800 |
| S-HNI (Max) | 156 | 3,900 | ₹9,98,400 |
| B-HNI (Min) | 157 | 3,925 | ₹10,04,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1999, Bangalore based TD Power Systems Ltd is one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. Along with AC Generators Company also executes Turbine Generator ("TG") island projects for steam turbine power plants with output capacity up to 52 MW using a Japanese turbine combined with their generator. Company is ISO 9001-2008 certified.
Company's customer base includes cement, steel, paper, chemical, metals, sugar co-generation, bio-mass power plants, hydro-electric power plants and Independent Power Plants ("IPPs") companies. Some of their customers include Shree Cements Limited, Vasavadatta Cements, Nava Bharat Ventures Limited, Chettinad Cement Corporation Limited and Balrampur Chini Mills Limited.
DF Power Systems Private Ltd, a subsidiary company of TD Power is in the business of Engineering, Procurement and Construction (EPC) of the boiler-turbine generator (BTG) island and the balance of plant (BOP) portion of steam turbine power plants with outputs from 52 MW up to 150 MW. Company also has entered into a Product Development Cooperation and Manufacturing Agreement with Voith Hydro Holding GmbH & Co.KG ("Voith Hydro") for jointly developing electric generators.
| Particulars | For the year/period ended (in Rs. Millions) | ||||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | |
| Total Income | 4,948.23 | 4,388.00 | 4,759.57 | 5,333.40 | 4,274.80 |
| Profit After Tax (PAT) | 416.40 | 330.24 | 365.93 | 355.61 | 161.15 |
| KPI | Values |
|---|---|
| RoNW | 30.25% |
The Company TD Power Systems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Finance the expansion of our manufacturing plant in Dabaspet | 10.27 |
| 2 | Construction of a project office in Bangalore city | 2.89 |
| 3 | Repayment of debt | 3.28 |
| 4 | Funding working capital requirements of our Company | 4.00 |
| 5 | General corporate purposes | 2.25 |
CARE has assigned an IPO Grade 4 to TD Power Systems IPO. This means as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read TD Power Systems IPO Report
| Listing Date | September 8, 2011 |
| BSE Script Code | 533553 |
| NSE Symbol | TDPOWERSYS |
| ISIN | INE419M01019 |
| Final Issue Price | ₹256 per share |
| BSE Listing Group | B |
TD Power Systems Ltd.
#27, 28, 29 KIADB Industrial Area,
Dabaspet, Nelamangala Taluk,
Bangalore 562 111, Karnataka
Bangalore Urban, Karnataka
Phone: (91) (80) 22017800
Email: srivatsa.n@tdps.co.in
Website: http://www.tdps.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tdpsl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
TD Power Systems IPO is a main-board IPO of 88,67,187 equity shares of the face value of ₹10 aggregating up to ₹227.00 Crores. The issue is priced at ₹256 per share. The minimum order quantity is 25.
The IPO opens on August 24, 2011, and closes on August 26, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in TD Power Systems IPO using UPI as a payment gateway. Zerodha customers can apply in TD Power Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TD Power Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TD Power Systems IPO opens on August 24, 2011 and closes on August 26, 2011.
TD Power Systems IPO lot size is 25, and the minimum amount required for application is ₹6,400.
You can apply in TD Power Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for TD Power Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the TD Power Systems IPO allotment status.
The TD Power Systems IPO listing date is on Thursday, September 8, 2011.
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