IPO

Trom Industries Limited IPO

NSE SME

Listed On: Aug 1, 2024 at ₹ 218.5

₹ 276000 /2400 Shares
*Min Investment

Check Allotment

25 Jul, 2024

Open Date

29 Jul, 2024

Close Date

30 Jul, 2024

Allotment Date

01 Aug, 2024

Listing Date
Trom Industries Limited IPO Issue Details
  • Issue Price ₹110-115 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 27,27,600 shares(aggregating up to ₹31.37 crore)
  • Fresh Share 27,27,600 shares(aggregating up to ₹31.37 crore)
  • Listing at NSE SME
  • List Price 218.5
  • Listing Date 2024-08-01
  • Lead Manager Expert Global Consultants Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,38,000
Retail(max)11200₹1,38,000
NII (min) 22,400₹2,76,000
Trom Industries Limited IPO Reservation

Trom Industries Limited IPO offers total 2,727,600 shares. Out of which 518,400 (19.01%) allocated to QIB, 388,800 (14.25%) allocated to NII,907,200 (33.26%) allocated to RII, NA (NA%) allocated to employees and 776,400 (28.46%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered776,400 (28.46%)
Market Maker Shares Offered136,800 (5.02%)
QIB Shares Offered518,400 (19.01%)
NII (HNI) Shares Offered388,800 (14.25%)
Retail Shares Offered907,200 (33.26%)
Total Shares Offered2,727,600 (100%)
Trom Industries Limited IPO Documents
DRHP
RHP
Trom Industries Limited IPO Details


Trom Industries Limited IPO is an SME IPO, priced at ₹110-115 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 27,27,600 equity shares, aggregating up to ₹31.37 crores..

The IPO bidding window is open from Jul 25, 2024 to Jul 29, 2024. The allotment is expected to be finalized on Jul 30, 2024, and the tentative listing date is Aug 1, 2024.

The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,38,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,76,000.

Expert Global Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Trom Industries Limited IPO Subscription Analysis And Details
Retail
483.14x
Total
459.07x
As onQIB / NIIRetailTotal
Shares Offered / Reserved518,400 / 388,800907,2001,814,400
Day 1 25-07-24 06:00 PM
0.50 / 16.66 x20.44 x13.93 x
Day 2 26-07-24 06:00 PM
0.52 / 34.79 x55.53 x35.57 x
Day 3 29-07-24 06:00 PM
197.07 / 752.25 x483.14 x459.07 x
Total No of Applications
3,65,255
Trom Industries Limited Valuations
EPS Pre IPO ₹8.86/-
EPS Post IPO ₹6.23/-
P/E Pre IPO 12.98
P/E Post IPO 18.46
ROE 77.82%
ROCE 47.11%
Debt/Equity 0.47
RoNW 77.82%
PAT Margin 10.54
Price to Book Value 6.08
Trom Industries Limited Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets2,919.932,155.351,854.32
Revenue5,454.682,413.803,056.55
Profit After Tax572.9328.8635.98
Net Worth1,222.57249.92221.12
Reserves & Surplus575.84248.92220.12
Total Borrowing573.71492.8285.66
About Trom Industries Limited Company

Established in 2011, Trom Industries Limited is a solar EPC engineering, procurement, and construction company for residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights.

Trom Industries segments its business areas as follows:
Residential rooftop installations: The firm designs and develops solar systems according to the specifications of individual houses.
Installations for the industrial sector: The company plans and develops large-scale power plants for solar energy that fulfills industrial purposes.
Ground-mounted solar power plants: The company develops ground-mounted solar collectors.
Supply and installation of solar street lights for public and commercial areas.

The company's product portfolio consists of two categories: (1) solar products: Solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps, and (2) AC LED lights: AC LED street lights and AC LED flood lights.

The Company had 31 employees as at March 01, 2024, who were directors and key management personnel.

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Trom Industries Limited - Promoter(s)

Jignesh Patel

Pankaj Pawar

Pre Issue Share Holding : 98.84%

Post Issue Share Holding : 69.52%

Trom Industries Limited IPO - Issue Objectives
1

Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant

2

To meet the working capital requirements

3

General corporate purposes.

Trom Industries Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Trom Industries Limited8.888.8818.912.9877.826.08Standalone
Alpex Solar Limited14.1214.1253.563.8620.2816.86Standalone
Australian Premium Solar (India) Limited3.123.1224.36171.1512.88.26Standalone
Solex Energy Limited10.9210.9257.8137.7918.8914.38Standalone

Notes:

  1. The P/E Ratio for industry peers has been computed based on the closing market price of equity shares on July 16, 2024, divided by the Basic and Diluted EPS for the period/year-end.
  2. Return on Net Worth (%) for industry peers has been calculated as Profit for the period/year-end, divided by Net Worth as at the period/year-end.
  3. Net Asset Value per Equity Share for industry peers is calculated as total equity divided by total number of equity shares outstanding as of the period/year-end.
Contact Details

Trom Industries Limited

4th Floor, 421, Pramukh Tangent, NR. Sargasan Cross Road, Gandhinagar - 382421

+91-079 29656678

info@tromindustries.com

http://www.tromindustries.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

https://kosmic.kfintech.com/ipostatus/