TD Power Systems, 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. The price band has been fixed at Rs 256-261 per equity share of Rs 10 each. Credit Analysis & Research has assigned grade 4/5 to the issue indicating above average fundamentals
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