TD Power Systems raises ~$62.7M in QIP at US$10.5 a share
What's the deal? TD Power SystemsDealroom has a profile for this one. Try Dealroom → has raised US$81.5M (roughly $62.7 million) through a qualified institutions placement, its board's fund raising committee confirmed on October 12, 2026. The Bengaluru-based power equipment maker allotted 7,741,935 equity shares to eligible qualified institutional buyers at US$10.5 each.
The details: Each share carries a face value of US$0.01 and a premium of US$10.5. The issue price reflects a 0.05% discount to the calculated floor price of US$10.5 per share.
Why now? The committee approved closing the issue after receiving application forms and funds in escrow from institutional buyers. It also adopted the placement document dated October 12, 2026, and finalised a confirmation of allocation note for those investors.
How it works: A QIP lets listed Indian companies raise capital from institutional investors without the paperwork of a full public offer. TD Power Systems completed the placement under the Securities and Exchange Board of India's capital-issue regulations and the Companies Act, 2013.
The signal: The raise marks a clear step-up from the company's previous round, giving TD Power Systems fresh capital to pursue its growth plans in power systems and equipment.
Read more: businessupturn.com
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