TD Power Systems completes ₹600 crore QIP at near floor price

Qip At DiscountMarquee Qip InvestorFund Raising View source PDF Explain this filing

TDPOWERSYS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.4%Reaction day

₹833.00

prior close

₹830.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.3%-4.8% vs market

Heavy Electrical Equipment peers, median of 34sector+0.3%-4.7% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Smallcap 250 and 4.7 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-1.8

15m

-1.1

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.4+0.3-4.8+0.3-4.7

Next day

-5.9+0.3-6.2+1.0-6.9

-11.8-0.8-11.0-1.1-10.7

-11.8-0.8-11.0+0.1-11.9

-11.6-1.9-9.7-1.6-10.0

-17.2-4.1-13.1-4.9-12.2

-22.8-7.8-15.0-8.4-14.4

15d

—————

UpDownMarket · Nifty Smallcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TD Power Systems has allotted 77.41 lakh equity shares at ₹775 each to qualified institutional buyers, raising about ₹600 crore. The price is at a 0.05 percent discount to the floor price of ₹775.35. Allottees include Axis MF, Canara Robeco, ICICI Prudential, Mirae Asset, Aditya Birla Sun Life, Bandhan MF and Societe Generale. Paid-up equity capital rose to about 32.14 crore shares of ₹1 each.

Likely market impact

Dilution from new shares; ₹600 crore raised strengthens the balance sheet. Marquee fund participation is a positive signal, but near-floor pricing suggests weak demand.