TD Power Systems IPO : CARE gives grade 4 out of 5

by khalid on 22/08/2011 · 1 comment

TD Power Systems Limited IPO has got 4 out of 5 by CARE (rating agency) and this rating/grading is ‘Above Average’ for a AC Generators company. The grade 4 indicates that the fundamentals of the IPO are ‘Above Average’ compared to the other listed securities in India. 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.

The proceeds of the IPO are proposed to be utilized for Finance the expansion of manufacturing plant in Dabaspet, Construct a project office in Bangalore city, Repay debt, Fund working capital requirements of our Company and Fund our general corporate purposes.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book running lead manager (BRLM) to the issue are Antique Capital Markets Pvt Ltd and Enam Securities Private Limited.

Registrar of the Issue : Link Intime India Private Limited Mumbai.

Stay tuned to BelltheBull Blog for more on TD Power Systems Limited IPO !

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