TD Power Systems Limited is entering into primary market with an Initial Public Offering (IPO) of — Equity Shares of Rs 10 each. The IPO is opening on 24th August 2011 and the shares will be available for subscription up to 26th August 2011. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 256 – Rs 261 Per Equity Share. The company is likely to raise around Rs 227.00 Crore through the issue at the upper level of price band. 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 offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
IPO Summary :-
IPO Open : 24th Aug 2011 – 26th Aug 2011
IPO Type : 100% Book Built Issue IPO
IPO Size : — Equity Shares of Rs 10 each
IPO Size : Rs 227.00 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 256 – Rs 261 Per Equity Share
Minimum Bid Quantity : 25 Shares (Rs. 6525 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 750 Shares (Rs. 195750 with 30 Lots ) @ upper level of price band
Listing At : BSE, 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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