T D Power Systems Ltd. (TDPS), one of the leading manufacturers of AC generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbine generators, vertical hydro generators etc.
They Tuesday(23/08/2011) announced plans to raise Rs.227 crore through it's Initial Public Offering.
The IPO will open on August 24 (Wednesday) and close on August 26 (Friday).
The price band has been fixed at Rs.256 to Rs.261
Face value will be Rs.10 and the tick size will be Re.1
Minimum order quantity is 25 equity shares.
IPO market timings will be from 10.00 am to 05.00pm
It has an IPO grading of Grade 4.
Rating agency is CARE and the maximum subscription amount for retail investors will be Rs.200000.
The book running lead manager for this IPO will be Antique capital markets pvt. Ltd., Equirus capital pvt. Ltd.
Around Rs.100 crore from this IPO will be used to fund the expansion activities of their manufacturing plant in Dabaspet, Bangalore.
The remaining is to be used for the construction of a project office in Bangalore city and repayment of debt, said the company in a press conference.
For details and RHP log on to www.nseindia.com
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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