TD Power Systems allots 77,41,935 equity shares via QIP at ₹775 each
TD Power Systems Ltd · Electrical Equipment
What the filing says
- Allotted 77,41,935 equity shares to qualified institutional buyers at ₹775 per share, aggregating to ₹599,99,99,625, at a 0.05% discount to the floor price of ₹775.35.
- Fund Raising Committee approved the allotment on October 12, 2026; the issue opened on October 7, 2026 and closed on October 12, 2026.
- Paid-up equity share capital rose from ₹31,37,06,860 to ₹32,14,48,795, with 32,14,48,795 equity shares of ₹1 each.
Why it's rated notable: The QIP allotment of ₹599,99,99,625 against a market value of ₹23,696 crore is about 2.5%, below the 5% high threshold but above ₹500 crore, which is at least medium for any company.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Allotment
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More from TD Power Systems Ltd
- Fundraise / allotmentNotableTD Power Systems approves QIP issue of equity shares at floor price ₹775.35
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.