TD Power Systems Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,433,592 (50%) | — | ₹11,572 Cr |
| NII (HNI) | — | 1,330,079 (15%) | — | ₹3,472 Cr |
| Retail | — | 3,103,516 (35%) | — | ₹8,100 Cr |
| Σ Total | — | 8,867,187 (100%) | — | ₹231,434 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,525 |
| Retail (Max) | 13 | 325 | ₹84,825 |
| S-HNI (Min) | 14 | 350 | ₹91,350 |
| B-HNI (Min) | 67 | 1,675 | ₹437,175 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 |
|---|---|---|---|
| Revenue | 495 | 439 | 476 |
| Profit After Tax | 42 | 33 | 37 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Finance the expansion of our manufacturing plant in Dabaspet – 10.27
- 2 Construction of a project office in Bangalore city – 2.89
- 3 Repayment of debt – 3.28
- 4 Funding working capital requirements of our Company – 4.00
- 5 General corporate purposes – 2.25
Company Overview
Incorporated in 1999, Bangalore based TD Power Systems Ltd is one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. Along with AC Generators Company also executes Turbine Generator ("TG") island projects for steam turbine power plants with output capacity up to 52 MW using a Japanese turbine combined with their generator. Company is ISO 9001-2008 certified.
Company's customer base includes cement, steel, paper, chemical, metals, sugar co-generation, bio-mass power plants, hydro-electric power plants and Independent Power Plants ("IPPs") companies. Some of their customers include Shree Cements Limited, Vasavadatta Cements, Nava Bharat Ventures Limited, Chettinad Cement Corporation Limited and Balrampur Chini Mills Limited.
DF Power Systems Private Ltd, a subsidiary company of TD Power is in the business of Engineering, Procurement and Construction (EPC) of the boiler-turbine generator (BTG) island and the balance of plant (BOP) portion of steam turbine power plants with outputs from 52 MW up to 150 MW. Company also has entered into a Product Development Cooperation and Manufacturing Agreement with Voith Hydro Holding GmbH & Co.KG ("Voith Hydro") for jointly developing electric generators.