TD Power Systems Limited has completed its Qualified Institutions Placement (QIP) of equity shares. The Fund Raising Committee of the Board met on October 12, 2026, and approved the following actions:
Key Decisions and Allocations
- Closure of QIP: The Issue was closed on October 12, 2026, following receipt of application forms and funds in the escrow account from eligible qualified institutional buyers (QIBs).
- Share Allocation: Approved allocation of 77,41,935 Equity Shares of face value ₹1 each.
- Issue Price: ₹775 per Equity Share, which includes a premium of ₹774 per share.
- Pricing Discount: The issue price represents a discount of 0.05% (₹0.35 per share) to the floor price of ₹775.35 per Equity Share.
- Total Issue Size: Approximately ₹600 crore (77,41,935 shares × ₹775 per share).
- Regulatory Compliance: The pricing was determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations.
Documentation and Procedures
- Placement Document: Approved and adopted the placement document dated October 12, 2026.
- Allocation Notes: Finalized confirmation of allocation notes to be sent to eligible QIBs informing them of their share allocation.
Meeting Details
- Meeting Timing: Commenced at 7:15 p.m. IST and concluded at 7:30 p.m. IST on October 12, 2026.
- Committee: Fund Raising Committee of the Board of Directors.
Regulatory Framework
The QIP was conducted under:
- Chapter VI of the SEBI ICDR Regulations, 2018 (as amended)
- Sections 42 and 62(1)(c) of the Companies Act, 2013 (including rules made thereunder)
Correspondence
This disclosure was signed by Bharat Rajwani, Company Secretary & Compliance Officer, and addressed to both BSE Limited (Scrip Code: 533553) and National Stock Exchange of India Ltd. (Symbol: TDPOWERSYS).