QIP: 77,41,935 equity shares allotted at ₹775 each, aggregating ₹600 crore

TD Power Systems allotted 77,41,935 equity shares to eligible qualified institutional buyers in a QIP.

Mon 12 Oct 2026

Issue Price per Share

₹775 per share (₹774 premium + ₹1 face value)

Equity Shares Allotted

77,41,935 equity shares to eligible qualified institutional buyers

Total Issue Size

₹600 crore; priced 0.05% below the ₹775.35 floor price

What happened

TD Power Systems Ltd has completed a qualified institutions placement (QIP) of equity shares. The Fund Raising Committee of the Board, at its meeting held on October 12, 2026, approved the issue and allotment of 77,41,935 Equity Shares to eligible qualified institutional buyers at an issue price of ₹775 per Equity Share.

Issue details

• Issue price of ₹775 per Equity Share, including a premium of ₹774 per Equity Share over the face value of ₹1 each.
• The allotment aggregates to ₹600 crore (Rupees Five Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Six Hundred Twenty-Five only).
• The issue price includes a discount of 0.05% to the floor price of ₹775.35 per Equity Share.
• The issue opened on October 7, 2026 and closed on October 12, 2026.

Effect on share capital

• Before the allotment, paid-up equity share capital was ₹31.37 crore, comprising 31,37,06,860 Equity Shares of ₹1 each.
• After the allotment, paid-up equity share capital stands at ₹32.14 crore, comprising 32,14,48,795 Equity Shares of ₹1 each.

Who received the shares

The update sets out a list of allottees who were allotted more than five percent (5%) of the Equity Shares offered in the issue, marked as Annexure A. The list includes several mutual fund schemes and one foreign portfolio investor (Societe Generale - ODI). Some of the allottees are grouped together by PAN.

How to read this

• The company has issued new equity shares to institutional investors, so the total number of equity shares of the company has gone up from 31,37,06,860 to 32,14,48,795, and the company has received ₹600 crore from the allottees.
• The shares were allotted at a small discount to the floor price determined under the SEBI ICDR Regulations, and the issue price of ₹775 per share included a premium of ₹774 over the ₹1 face value.

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