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TD Power IPO is a book built issue of Rs 227.00 crores.
TD Power IPO bidding started from August 24, 2011 and ended on August 26, 2011. The shares got listed on BSE, NSE on September 8, 2011.
TD Power IPO price band is set at ₹256 to ₹261 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹6,525.
Antique Capital Markets Pvt Ltd and Axis Capital Limited are the book running lead managers of the TD Power IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to TD Power IPO RHP for detailed information.
IPO Date | August 24, 2011 to August 26, 2011 |
Listing Date | September 8, 2011 |
Face Value | ₹10 per share |
Price Band | ₹256 to ₹261 per share |
Lot Size | 25 Shares |
Total Issue Size | 8,867,188 shares (aggregating up to ₹227.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 24,370,401 |
Share holding post issue | 33,237,588 |
TD Power IPO offers 7,562,637 shares. 3,129,042 (41.38%) to QIB, 1,330,079 (17.59%) to NII, 3,103,516 (41.04%) to RII. 124,140 RIIs will receive minimum 25 shares and (sNII) and (bNII) will receive minimum 775 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 3,129,042 (41.38%) | NA |
NII (HNI) Shares Offered | 1,330,079 (17.59%) | |
Retail Shares Offered | 3,103,516 (41.04%) | 124,140 |
Total Shares Offered | 7,562,637 (100%) |
Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 25 | ₹6,525 |
Retail (Max) | 30 | 750 | ₹195,750 |
Lot Size Calculator |
The individual promoters of the Company are:
1. Nikhil Kumar;
2. Hitoshi Matsuo; and
3. Mohib N. Khericha.
Share Holding Pre Issue | 89.45% |
Share Holding Post Issue | 65.59% |
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 Objects of the Issue are to:
1. Finance the expansion of our manufacturing plant in Dabaspet;
2. Construct a project office in Bangalore city;
3. Repay debt;
4. Fund working capital requirements of our Company; and
5. Fund our general corporate purposes.
The TD Power IPO is subscribed 2.92 times on August 26, 2011 5:30:00 PM. 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) |
---|---|
QIB | 6.52 |
NII | 0.38 |
Retail | 0.38 |
Total | 2.92 |
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 |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹256.00 |
₹251.60 |
₹242.00 |
₹308.75 |
₹274.80 |
NSE |
---|
₹256.00 |
₹260.00 |
₹242.00 |
₹309.70 |
₹275.25 |
TD Power Systems Ltd
#27, 28, 29 KIADB Industrial Area,
Dabaspet, Nelamangala Taluk,
Bangalore 562 111, Karnataka
Phone: (91) (80) 22017800
Email: srivatsa.n@tdps.co.in
Website: http://www.tdps.co.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tdpsl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
TD Power IPO is a main-board IPO of 8,867,188 equity shares of the face value of ₹10 aggregating up to ₹227.00 Crores. The issue is priced at ₹256 to ₹261 per share. The minimum order quantity is 25 Shares.
The IPO opens on August 24, 2011, and closes on August 26, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The TD Power IPO opens on August 24, 2011 and closes on August 26, 2011.
TD Power IPO lot size is 25 Shares, and the minimum amount required is ₹6,525.
You can apply in TD Power IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for TD Power IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the TD Power IPO allotment status.
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I will utilise any weakness to buy with a stop-loss of 274 (if trades below 274 for minimum five minutes or close below 274 ~ 270).
Target 327, 364. Trailing stop-loss required in case it crosses 327 as per my expectation.