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

The Fund Raising Committee approved the closure of the QIP on October 12, 2026.

Mon 12 Oct 2026

Shares Allotted

77,41,935 Equity Shares

Issue Price

₹775 per share (premium of ₹774 each)

Discount to Floor Price

0.05% to the floor price of ₹775.35, i.e. ₹0.35 per share

What the company informed the exchanges

TD Power Systems Limited has intimated the stock exchanges about the outcome of the meeting of its Fund Raising Committee held on October 12, 2026, in connection with a Qualified Institutions Placement (QIP) of equity shares of face value ₹1 each.

Key decisions taken at the meeting

• The committee approved the closure of the Issue on October 12, 2026, after receipt of application forms and funds in the escrow account from eligible qualified institutional buyers (QIBs).
• It approved the allocation of 77,41,935 Equity Shares at an issue price of ₹775 per Equity Share, which includes a premium of ₹774 per Equity Share.
• The issue price is at a discount of 0.05% to the floor price of ₹775.35 per Equity Share, amounting to ₹0.35 per Equity Share.
• The placement document dated October 12, 2026 was approved and adopted.
• The confirmation of allocation note to be sent to the eligible QIBs was approved and finalised.

Reading the numbers simply

• A QIP is a route through which a listed company raises money by issuing shares to large institutional investors rather than to the general public.
• The issue price of ₹775 per share is fixed slightly below the floor price of ₹775.35 per share, a gap of ₹0.35 per share, or 0.05%.
• Each share has a face value of ₹1, and the balance of the issue price — ₹774 per share — is premium.
• The number of shares allotted is 77,41,935.

Other points noted

The Fund Raising Committee meeting commenced at 7:15 p.m. IST and concluded at 7:30 p.m. IST on October 12, 2026. The company has requested the exchanges to take the above on record.

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