The IPO of TD Power Systems Limited has received a poor response from the investors with the 2nd day subscription figure just reached to 0.88 times on an overall basis. TD Power Systems IPO is open on 24th August 2011 and will get closed on 26th August 2011 for subscription. The IPO has managed to get a little bit better response from Qualified Institutional Buyers (QIBs) category where it overbid by 2.05 times on the 2nd day of subscription. The price band for the issue is Rs 256 at lower level and Rs 261 at upper level. 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 category-wise subscription status of IPO on closing of 2nd day is given below:-
Qualified Institutional Buyers (QIBs) : 2.05 times
Non Institutional Investors : 0.12 times
Retail Individual Investors : 0.03 times
Overall : 0.88 times
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (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.
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