TD Power Systems Ltd IPO (TD Power IPO) Detail

Incorporated in 1999, Bangalore based TD Power Systems Ltd is one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. Along with AC Generators Company also executes Turbine Generator ("TG") island projects for steam turbine power plants with output capacity up to 52 MW using a Japanese turbine combined with their generator. Company is ISO 9001-2008 certified.

Company's customer base includes cement, steel, paper, chemical, metals, sugar co-generation, bio-mass power plants, hydro-electric power plants and Independent Power Plants ("IPPs") companies. Some of their customers include Shree Cements Limited, Vasavadatta Cements, Nava Bharat Ventures Limited, Chettinad Cement Corporation Limited and Balrampur Chini Mills Limited.

DF Power Systems Private Ltd, a subsidiary company of 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 with outputs from 52 MW up to 150 MW. Company also has entered into a Product Development Cooperation and Manufacturing Agreement with Voith Hydro Holding GmbH & Co.KG ("Voith Hydro") for jointly developing electric generators.

Company Promoters:

The individual promoters of the Company are:

1. Nikhil Kumar;
2. Hitoshi Matsuo; and
3. Mohib N. Khericha.

Company Financials:

Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	4,948.23	4,388.00	4,759.57	5,333.40	4,274.80
Profit After Tax (PAT)	416.40	330.24	365.93	355.61	161.15

Objects of the Issue:

The Objects of the Issue are to:

1. Finance the expansion of our manufacturing plant in Dabaspet;
2. Construct a project office in Bangalore city;
3. Repay debt;
4. Fund working capital requirements of our Company; and
5. Fund our general corporate purposes.

Issue Detail:

  »»  Issue Open: Aug 24, 2011 - Aug 26, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: Equity Shares of Rs. 10
  »»  Issue Size: Rs. 227.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 256 - Rs. 261 Per Equity Share
  »»  Market Lot: 25 Shares
  »»  Minimum Order Quantity: 25 Shares
  »»  Listing At: BSE, NSE

TD Power Systems IPO Grading

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