Trom Industries Limited IPO

NSE SME

Listed On: Aug 1, 2024 at ₹ 218.5

₹ 138000 /1200 Shares

Check Allotment

Trom Industries Limited IPO Details

25 Jul, 2024

Open Date

29 Jul, 2024

Close Date

30 Jul, 2024

Allotment Date

01 Aug, 2024

Listing Date

Issue Price

₹110-115 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

218.5

Listing Date

2024-08-01

Market Lot

1200 Shares (₹138,000/-)

Lead Manager

Expert Global Consultants Private Limited

Issue Size

2,727,600 shares(aggregating up to ₹31.37 Cr)

Retail Portion

35%

Subscription

459.07 times

IPO Docs

DRHP RHP

The IPO of Trom Industries Limited is priced at ₹110-115 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Kfin Technologies Limited is the registrar of the issue.

Trom Industries Limited IPO bid opening date is from Jul 25, 2024 and the bid closing date was Jul 29, 2024.
Trom Industries Limited IPO allotment result will be available on Jul 30, 2024. The tentative listing date for Trom Industries Limited is Aug 1, 2024.

The total issue size is 2,727,600 shares(aggregating up to ₹31.37 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	518,400 / 388,800	907,200	1,814,400
Day 1 - 25-07-24 06:00 PM	0.50 / 16.66 x	20.44 x	13.93 x
Day 2 - 26-07-24 06:00 PM	0.52 / 34.79 x	55.53 x	35.57 x
Day 3 - 29-07-24 06:00 PM	197.07 / 752.25 x	483.14 x	459.07 x

Total No. of Applications: 3,65,255 (Approx)

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 All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	2,919.93	2,155.35	1,854.32
Revenue	5,454.68	2,413.80	3,056.55
Profit After Tax	572.93	28.86	35.98
Net Worth	1,222.57	249.92	221.12
Reserves & Surplus	575.84	248.92	220.12
Total Borrowing	573.71	492.82	85.66

About The 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.

Trom Industries Limited - Promoter(s)

Pre Issue Share Holding: 98.84%

Post Issue Share Holding: 69.52%

Company Promoter(s)

Jignesh Patel
Pankaj Pawar

Trom Industries Limited IPO - Issue Objectives

Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant
To meet the working capital requirements
General corporate purposes.

Other Details

Company Contact Details

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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email:

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

Trom Industries Limited IPO - FAQs

Ans. Trom Industries Limited IPO is a SME IPO. The issue is priced at ₹110-115 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jul 25, 2024, and closes on Jul 29, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Trom Industries Limited IPO opens on Jul 25, 2024 and closes on Jul 29, 2024.

Ans. The size of Trom Industries Limited IPO is 2,727,600 shares(aggregating up to ₹31.37 Cr).

Ans. The IPO price band is set between ₹110-115 per equity share.

Ans. To apply for Trom Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Trom Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Trom Industries Limited IPO is Jul 30, 2024.

Ans. The Trom Industries Limited IPO will be listed on Aug 1, 2024.

Ans. Follow the steps to check the allotment status for Trom Industries Limited IPO here.