Trom Industries IPO Details: The IPO for Trom Industries is set to launch on July 25, 2024, and will close on July 29, 2024. This NSE SME IPO aims to raise ₹31.37 crores. The price band for the IPO is set between ₹100 and ₹115 per share, with a minimum market lot of 1,200 shares.
About Trom Industries Limited
Trom Industries Limited is a leading Solar EPC (Engineering, Procurement, and Construction) company that specializes in a wide range of solar solutions, including residential solar rooftops, industrial solar power plants, ground-mounted solar power plants, and solar street lights. The company is dedicated to the comprehensive development of diverse solar projects.
- Residential Solutions: Trom designs and installs solar systems tailored to meet the specific needs of individual homes.
- Industrial Solutions: In the industrial sector, Trom scales its operations to design and construct large solar power plants to meet industrial energy demands.
- Ground-Mounted Solutions: These involve developing solar arrays on open land to harness solar energy efficiently.
- Solar Street Lighting: Trom also provides supply and installation services for solar street lights in public and commercial areas.
The company offers end-to-end services, including engineering design, procurement of materials, on-site construction, project management, and compliance with regulatory standards across various sectors. Trom’s solar applications play a crucial role in promoting sustainable energy solutions across residential, industrial, public, and government domains.
In addition to their core solar services, Trom Industries is involved in the trading and distribution of a wide range of products, including solar panels, inverters, and other materials essential for the establishment and operation of solar power plants. They also briefly engaged in trading various types of footwear on a small scale. Looking forward, the company is actively pursuing the development of green hydrogen projects as a significant aspect of its future business strategy.
Trom Industries’ warehouse is strategically located in Gandhinagar, Gujarat, India, to support its extensive operations.
Trom Industries IPO Objectives:
The company intends to utilize the proceeds of the issue to meet the following objects:
- Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant;
- To meet the working capital requirements; and
- General corporate purposes.
Trom Industries IPO Review (Apply or Not)
- Update soon.
Trom Industries IPO Date & Price Band Details:
| IPO Open: | July 25, 2024 |
| IPO Close: | July 29, 2024 |
| IPO Size: | Approx ₹31.37 Crores, 2,727,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹100 to ₹115 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Trom Industries IPO Lot Size:
The minimum market lot for the Trom Industries IPO is 1,200 shares, requiring an application amount of ₹138,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹138,000 |
| Retail Maximum | 1 | 1200 | ₹138,000 |
| S-HNI Minimum | 2 | 2400 | ₹276,000 |
Trom Industries IPO Timeline:
The Trom Industries IPO will open on July 25 and close on July 29. The allotment of shares is scheduled for July 30, and the IPO is expected to be listed on August 1.
| IPO Open Date: | July 25, 2024 |
| IPO Close Date: | July 29, 2024 |
| Basis of Allotment: | July 30, 2024 |
| Refunds: | July 31, 2024 |
| Credit to Demat Account: | July 31, 2024 |
| IPO Listing Date: | August 1, 2024 |
Trom Industries IPO GMP Today:
The latest Grey Market Premium (GMP) for the Trom Industries SME IPO is ₹111, as of July 23, 2024, at 07:23 PM. With a price band set at ₹115, the estimated listing price for the Trom Industries SME IPO is ₹226 (cap price + today’s GMP). This suggests an expected percentage gain per share of 96.52%.
Trom Industries Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹30.57 | ₹30.08 | ₹0.36 |
| 2023 | ₹24.14 | ₹23.74 | ₹0.29 |
| 2024 | ₹54.55 | ₹46.89 | ₹5.73 |
Trom Industries IPO Valuation – FY2024
Check Trom Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.88 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 77.82% |
| Net Asset Value (NAV): | ₹18.90 per Equity Share |
Peer Group
- Alpex Solar Limited
- Australian Premium Solar India Limited
- Solex Energy Limited
Company Promoters
- Jignesh Patel
- Pankaj Pawar
Trom Industries IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Trom Industries IPO Allotment Status
Check Trom Industries IPO allotment status on Kfin Tech website URL. Click Here
Trom Industries IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
Trom Industries Limited
4th Floor, 421, Pramukh Tangent,
NR. Sargasan Cross Road,
Gandhinagar – 382421
Phone: +91-079 29656678
Email: info@tromindustries.com
Website: http://www.tromindustries.com/
Trom Industries IPO FAQs
- What are the key dates for the Trom Industries IPO?
- IPO Open Date: July 25, 2024
- IPO Close Date: July 29, 2024
- Allotment Date: July 30, 2024
- Expected Listing Date: August 1, 2024
- What is the minimum investment amount for the Trom Industries IPO?
- The minimum market lot is 1,200 shares, requiring an application amount of ₹138,000.
- What is the price band for the Trom Industries IPO?
- The price band for the IPO is set between ₹100 and ₹115 per share.
- What is the latest Grey Market Premium (GMP) for the Trom Industries IPO?
- As of July 23, 2024, the GMP is ₹111.
- What is the estimated listing price for the Trom Industries IPO?
- With the GMP of ₹111 and a price band of ₹115, the estimated listing price is ₹226 per share.
- What is the expected percentage gain per share for the Trom Industries IPO?
- The expected percentage gain per share is approximately 96.52%.
- What is Trom Industries Limited’s business focus?
- Trom Industries specializes in Solar EPC (Engineering, Procurement, and Construction) services, including residential solar rooftops, industrial solar power plants, ground-mounted solar power plants, and solar street lights.
- Where is Trom Industries’ warehouse located?
- Trom Industries’ warehouse is located in Gandhinagar, Gujarat, India.
- What other services does Trom Industries provide?
- In addition to solar solutions, Trom Industries is involved in the trading and distribution of solar panels, inverters, and related materials. The company has also engaged in the trading of footwear on a small scale and is developing green hydrogen projects.
- How can I apply for the Trom Industries IPO?
- Applications can be made through your stockbroker or online trading platforms. Ensure you meet the minimum lot requirement and have sufficient funds in your account.
