Bookbuilding IPO | ₹227 Cr | Listed at BSE, NSE | Wed, Aug 24, 2011 - Fri, Aug 26, 2011
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 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,525 (25 shares) (based on upper price). 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 Open
Wed, Aug 24, 2011
IPO Close
Fri, Aug 26, 2011
Issue Price
₹256 per share
Market Cap (Pre-IPO)
₹850.88 Cr
| IPO Date | 24 to 26 Aug, 2011 |
| Listed on | Thu, Sep 8, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹256 to ₹261 |
| Issue Price | ₹256 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 88,67,187 shares (agg. up to ₹227 Cr) |
| Fresh Issue | 88,67,187 shares (agg. up to ₹227 Cr) |
| Share Holding Pre Issue | 2,43,70,401 shares |
| Share Holding Post Issue | 3,32,37,588 shares |
| BSE Script Code / NSE Symbol | 533553 / TDPOWERSYS |
| ISIN | INE419M01019 |
TD Power Systems IPO comprises a total issue size of 88,67,187 shares. Out of which, 44,33,592 (50.00%) are allocated to QIB, 13,30,079 (15.00%) allocated to NII 31,03,516 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 30.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 89.45% | 65.59% |
| Market Cap | ₹850.88 Cr. |
The TD Power IPO is subscribed 2.92 times on August 26, 2011 5:30:00 PM (Day 3). The public issue subscribed 0.38 times in the retail category, 6.52 times in the QIB category, and 0.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 6.52 | 31,29,042 | |
| NII | 0.38 | 13,30,079 | |
| Retail | 0.38 | 31,03,516 | |
| Total | 2.92 | 75,62,637 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the GCBRLM and the BRLMs including underwriting commission, brokerage and selling commission and SCSB commission and processing fees | 11.12 |
| 2 | Advertising and marketing expenses, printing and stationery, distribution, postage etc. | 1.26 |
| 3 | Registrar to the Issue | 0.11 |
| 4 | Other expenses (Grading Agency, Legal Advisors, Auditors and other Advisors, SEBI filing fees, bidding software expenses, depository, charges, listing fees etc.) | 1.45 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹256.00 | ₹256.00 |
| Open | ₹251.60 | ₹260.00 |
| Low | ₹242.00 | ₹242.00 |
| High | ₹308.75 | ₹309.70 |
| Last Trade | ₹274.80 | ₹275.25 |
Lead Manager Reports
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 Crores. The issue is priced at ₹256 per share. The minimum order quantity is 25.
The IPO opens on Wed, Aug 24, 2011, and closes on Fri, Aug 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 Wed, Aug 24, 2011 and closes on Fri, Aug 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 Thu, Sep 8, 2011.
