TD Power Systems IPO
TD Power Systems IPO — date, price band, lot size & details 2011
TD Power Systems listed on 8 Sep 2011 at ₹260, 1.6% above the ₹256 issue price.
TD Power Systems makes AC generators from 1 MW to 52 MW for steam, gas, hydro and wind turbines and engines, and executes turbine generator island projects. Its total income was Rs 494.82 crore in FY2011.
Stock price
TD Power Systems is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 24 Aug 2011
- Close 26 Aug 2011
- Allotment 05 Sep 2011
- Refund/credit TBA
- Listing 08 Sep 2011
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 26 Aug, 2011 |
|---|---|
| Price Band | ₹256 – ₹261 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹227 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 25 shares at the ₹256 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,400 |
| Retail (max) | 31 | 775 | ₹1,98,400 |
| S-HNI (min) | 32 | 800 | ₹2,04,800 |
| S-HNI (max) | 156 | 3,900 | ₹9,98,400 |
| B-HNI (min) | 157 | 3,925 | ₹10,04,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It makes generators across a wide range from 1 MW to 52 MW for many types of turbines.
- 02Profit after tax rose from Rs 33.02 crore in FY2010 to Rs 41.64 crore in FY2011.
- 03Net worth rose from Rs 94.78 crore in FY2009 to Rs 177.51 crore in FY2011.
- 04Total income rose from Rs 438.80 crore in FY2010 to Rs 494.82 crore in FY2011.
Risks · 5
- 01Total income dipped from Rs 475.96 crore in FY2009 to Rs 438.80 crore in FY2010, so orders are uneven.
- 02Total borrowing rose from Rs 28.72 crore in FY2009 to Rs 85.57 crore in FY2011.
- 03Its project business relies on a Japanese turbine partner, and orders depend on power plant spending; profit was Rs 36.87 crore in FY2009.
- 04The issue was priced at Rs 256, the bottom of its price band.
- 05Promoter holding fell from 89.45% before the issue to 65.59% after it.
Three years of numbers
All figures in ₹ crore, as reported in the TD Power Systems offer document.
| Metric | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|
| Total Income | 494.82 | 438.80 | 475.96 |
| Profit After Tax | 41.64 | 33.02 | 36.87 |
| NET Worth | 177.51 | 124.10 | 94.78 |
| Reserves and Surplus | 153.14 | 117.75 | 88.44 |
| Total Borrowing | 85.57 | 68.22 | 28.72 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the TD Power Systems RHP.
Where the money goes
₹22.69 Cr of the issue is earmarked to named objects.
About the company
It makes AC generators with output from 1 MW to 52 MW for prime movers such as steam, gas, hydro and wind turbines and diesel and gas engines.
It also executes turbine generator island projects for steam turbine power plants of up to 52 MW, using a Japanese turbine combined with its own generator.
The IPO was Rs 227 crore and was entirely fresh issue at Rs 256, the bottom of the Rs 256 to Rs 261 band. The money was for expanding its plant at Dabaspet, a project office in Bangalore, repaying debt and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
TD Power Systems IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Antique Capital Markets Pvt. Ltd
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average 0%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of TD Power Systems?
The current Grey Market Premium is ₹0.
What is the TD Power Systems IPO price band?
₹256 to ₹261, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 September 2011, with listing on 8 September 2011.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
