The TD Power Systems Company which is in the business of manufacturing AC generators, is now coming out with its Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the TD Power Systems IPO.
TD Power Systems IPO: Review Analysis & Details
Some basic details first about the TD Power Systems IPO, which are available as of now: Image sourced as screenshot from official website of TD Power Systems
- The size of TD Power Systems IPO is around Rs 227 crore INR
- It is primarily in the business of manufacturing AC generators as well as handling projects for turbine generators
- There is also a subsidiary called DF Power Systems, which is into EPC business (engineering, procurement and construction) for boiler-turbine generator projects
What is the issue size of the TD Power Systems IPO?
Around 227 Crore Rs is the estimated size of the TD Power Systems IPO
What is the price band of TD Power Systems IPO?
The price band for TD Power Systems IPO is INR 256 to 261 Rs. per share.
How many shares will be sold in the TD Power Systems IPO?
The total no. of shares to be sold through this IPO is not known.
What are the IPO dates for TD Power Systems IPO
The IPO dates for TD Power Systems IPO are from August 24 2011 to August 26 2011.
How will the capital raised by TD Power Systems IPO be used?
The capital raised through this IPO will be used for the following:
- Repayment of Debt
- Fund expansion plans for their manufacturing plant in Dabaspet in Bangalore
- Rest will be for working capital requirements
See List of All IPO Articles here
Any ratings given to TD Power Systems IPO?
A rating of 4 out of 5 by CARE (rating agency) and this rating indicates 'Above Average'
What are the analysts recommendations and business results for TD Power Systems IPO?
The company seems to be well placed in their niche sector. Not just domestic, they has business in international arena as well in countries like Uganda, Kenya, Zambia and Philippines where they have taken up around 94 projects worth around 1910 MW of output capacity (including India).
As reported by the company, in June 2011, the order book stood at around INR 1095 Crore Rs.
The company management is bullish on the growth prospects as even in the current unstable market scenario, they are seeing huge demand from various sectors like sugar, paper, cement, etc. in both domestic as well as global markets.
Rating of 4 on a sacle of 5 indicates good fundamentals.
The company has also managed to get 5 anchor investors.
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