The company opened a qualified institutions placement (QIP) with a floor price of ₹775.35 per share— a figure calculated under SEBI’s Issue of Capital and Disclosure Requirements Regulations. Investors could snag a 5% discount, which would lower the issue price to ₹736.58.
A Fund Raising Committee green‑lit the issue after the draft placement document and application form cleared preliminary review. The board’s approval came on August 14, followed by a special resolution from shareholders at an extraordinary general meeting on September 10.
Trading in the QIP was closed 48 hours after the board meeting to let the company digest unaudited results for the quarter ended September 30, 2026. The company has not yet set a final issue price, which will be decided in consultation with the lead manager.
On October 7, shares of TD Power Systems finished 0.49% higher at ₹820, a modest lift that underscores market sentiment toward the upcoming capital raise. The price uptick came after the company announced the QIP, signalling investor appetite.
The QIP could bring additional capital into the firm, potentially supporting expansion plans or debt repayment. Investors will watch for the final issue price and the number of shares to be offered, as those figures will dictate the capital raised.