Investors in the TD Power Systems have gained 7.5% on the very first day of listing today. The equity shares of the company after opening at Rs 260 on the NSE scaled an intra-day high of Rs 309.70 before closing at Rs 275.25 with a gain of Rs 19.25 or 7.52% over the issue price of Rs 256.
Shares of TD Power Systems, a manufacturer of AC generator, climbed above the issue price despite weak opening. A share touched a high of Rs 286 in early trade, a rise of nearly 12% over issue price of Rs 256, after opening at Rs 251.60.
Manufacturer of AC generator TD Power Systems will list its equity shares on exchanges on Thursday, September 8, 2011.
Manufacturer of AC generator TD Power Systems' initial public offering has received good response from qualified institutional buyers (QIBs). The Rs 227-crore issue has subscribed nearly 3 times, as per data available on National Stock Exchange.
The initial public offer (IPO) of TD Power Systems was subscribed 0.88 times on the second day of the issue today.
The Rs 227-crore IPO of TD Power Systems, a manufacturer of AC Generators, has been subscribed 50% (0.5 times) on day one, as per data available on NSE website.
The Rs 227-crore IPO of TD Power Systems, a manufacturer of AC Generators with output capacity in the range of 1 MW to 52 MW, has opened for subscription today.
TD Power Systems has received commitment of Rs 33.4 crore from anchor investors today - one day before the issue opens for subscription.
TD Power Systems, one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW, proposes to enter the capital markets on August 24, 2011 with a public issue of equity shares through 100% book building process.
AC generators manufacturer TD Power Systems has filed draft red herring prospectus with the market regulator SEBI for its Rs 250 crore public issue.