The Equity Shares of TD Power Systems, which listed on the exchanges today, turned green after listing at a discount on the BSE. The Shares opened at Rs.251.60 on the BSE as against an Issue Price of Rs.256/- per share.

The shares were quoted at Rs.282.20 at about 11:30AM on the BSE. TD Power Systems IPO was subscribed 2.92 times on an overall basis with 0.38 times subscription in the Retail Category

TD Power Systems Limited is a Bangalore based heavy electrical equipment player and one of the leading manufacturers of AC Generators. Check back Indian IPO Blog for latest updates on Listing Day prices of TD Power Systems Limited!

TD Power Systems IPO Allotment Status has been declared and can now be checked online from the link provided below

Click here to check your allotment status now!

Amidst turbulent times in the market, the IPO of TD Power Systems has managed to finally get overbid close to 3 times with concrete support from the QIB category. The IPO has been oversubscribed by a substantial 6.52 times in the QIB Category

The overall subscription of 2.92 times was almost wholly on account of firm support from the QIB investors, without which the IPO may have barely managed to get full subscription. Both the HNI as well as the Retail category remained largely undersubscribed with only 38% subscription in both. In the Retail Category, 31,03,516 were reserved, against which bids were received only for 11,83,650 shares. The low subscription in the Retail category despite a keen interest from the QIB investors may be a result of gloomy atmosphere in the market and the resulting negative sentiments of investors towards stock markets in general and new issues in particular

Check back Indian IPO Blog regularly for Allotment Status updates, listing dates announcements, and more on TD Power Systems IPO!

TD Power Systems IPO has been assigned an IPO Grade 4/5 from CARE. This implies that as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

TD Power Systems Ltd. is one of the leading manufacturers of AC Generators. 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

Stay tuned to Indian IPO Blog for the latest updates on TD Power Systems IPO!