TD Power Systems QIP closes at Rs 775 per share, 0.05% below floor price
TDPOWERSYS · price
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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.
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TD Power Systems completed its Qualified Institutions Placement (QIP) on Oct 12, 2026, allotting 77.41 lakh equity shares at Rs 775 each to qualified institutional buyers. The issue price is just 0.05 percent below the floor price of Rs 775.35, effectively at par. Total issue size works out to about Rs 600 crore. Each share has a face value of Rs 1 with a premium of Rs 774. The Fund Raising Committee approved the closure, adopted the placement document, and finalised allocation notes for QIBs.
Around Rs 600 crore raised via QIP at near-floor price; minor 0.05% discount and equity dilution for existing shareholders.