QIP allotment: Fund Raising Committee approves 77,41,935 shares at ₹775 each

TD Power Systems has completed a qualified institutions placement (QIP).

Mon 12 Oct 2026

Shares Allotted

77,41,935 equity shares

Issue Price

₹775 per share, inclusive of a premium of ₹774 per share

Total Amount Raised

₹600 crore

What the company told the exchanges

The Fund Raising Committee of the Board, at its meeting on October 12, 2026, approved the issue and allotment of equity shares of face value ₹1 each to eligible qualified institutional buyers under a qualified institutions placement (QIP).

What was allotted

• Type of security: equity shares of face value ₹1 each
• Number of shares allotted: 77,41,935 equity shares
• Issue price: ₹775 per equity share, inclusive of a premium of ₹774 per equity share
• Total amount for which securities were issued: ₹600 crore
• Floor price: ₹775.35 per equity share; the issue price carries a discount of ₹0.35, i.e., 0.05%, to that floor price
• The issue opened on October 7, 2026 and closed on October 12, 2026

Effect on share capital

Paid-up equity share capital stands increased from ₹31.37 crore, comprising 31,37,06,860 equity shares of ₹1 each, to ₹32.14 crore, comprising 32,14,48,795 equity shares of ₹1 each. Since the face value is ₹1 per share, these rupee figures are also the number of equity shares in each case, and the increase of 77,41,935 shares matches the number allotted.

Who received more than 5% of the issue

• Axis Mutual Fund Trustee Ltd, PAN clubbed across its Midcap, Flexi Cap, ESG Integration and Business Cycles funds: 10,32,258 shares, 13.33% of the total issue size
• Canara Robeco Mutual Fund, PAN clubbed across its Small Cap, Value and Multi Cap funds: 10,32,258 shares, 13.33%
• ICICI Prudential Flexi Cap Fund and ICICI Prudential Innovation Fund, PAN clubbed: 10,32,258 shares, 13.33%
• Mirae Asset funds, PAN clubbed: 6,45,161 shares, 8.33%
• Aditya Birla Sun Life Mutual Fund schemes, PAN clubbed: 4,51,612 shares, 5.83%
• Societe Generale - ODI: 4,38,708 shares, 5.67%, category FPI - I
• Bandhan Small Cap Fund and Bandhan Mid Cap Fund, PAN clubbed: 3,87,096 shares, 5.00%

How to read this

• The company has issued fresh equity shares to institutional investors and received ₹600 crore for them.
• The total number of equity shares outstanding moves from 31,37,06,860 to 32,14,48,795. New shares are added, so an existing shareholder's holding now represents a smaller percentage of the company than before (dilution), even though the number of shares held is unchanged.
• The shares were placed at ₹775 each, a discount of ₹0.35, i.e., 0.05%, to the floor price of ₹775.35.
• The allottees listed are largely mutual fund schemes, along with one foreign portfolio investor.

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