Trom Industries Limited IPO
Trom Industries Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹110–₹115 per share. The stock debuted at ₹218.5, delivering a listing gain of 90.0%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,38,000.
Trom Industries Limited IPO
- IPO Dates
- Jul 25, 2024 – Jul 29, 2024
- Price band
- ₹110-115 per equity share
- Minimum Investment
- ₹1,38,000
- Issue size
- ₹31.37 Cr
- Lot size
- 1200
- Allotment Date
- Jul 30, 2024
- Listing
- Aug 1, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 25, 2024
Open Date
Completed
-
Jul 29, 2024
Close Date
Completed
-
Jul 30, 2024
Allotment Date
Completed
-
Aug 1, 2024
Listing Date
Completed
Trom Industries Limited IPO Essentials
Trom Industries Limited IPO Details
Trom Industries Limited IPO is priced at ₹110-115 per share with a total issue size of 31.37 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹110-115 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,727,600 shares(aggregating up to ₹31.37 Cr)
- Total issue size
- 27,27,600 shares
(aggregating up to ₹31.37 crore) - Fresh issue
- 27,27,600 shares
(aggregating up to ₹31.37 crore) - Listing at
- NSE SME
- List price
- 218.5
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Expert Global Consultants Private 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,38,000 |
| Retail(max) | 1 | 1200 | ₹1,38,000 |
| NII (min) | 2 | 2,400 | ₹2,76,000 |
Trom Industries Limited IPO Reservation
Trom Industries Limited IPO reservation details show category-wise allocation of shares. Out of the total 2,727,600 shares, approximately 19.01% are reserved for QIB, 14.25% for NII, 33.26% for retail investors, 5.02% for market maker, and 28.46% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 776,400 (28.46%) | |
| Market Maker Shares Offered | 136,800 (5.02%) | |
| QIB Shares Offered | 518,400 (19.01%) | |
| NII (HNI) Shares Offered | 388,800 (14.25%) | |
| Retail Shares Offered | 907,200 (33.26%) | |
| Total Shares Offered | 2,727,600 (100%) |
Trom Industries Limited IPO Analytics
Trom Industries Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Trom Industries Limited IPO Subscription Status
Trom Industries Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
Trom Industries Limited Valuations
Earnings
- EPS Pre IPO
- ₹8.86/-
- EPS Post IPO
- ₹6.23/-
- P/E Pre IPO
- 12.98
- P/E Post IPO
- 18.46
Returns
- ROE
- 77.82%
- ROCE
- 47.11%
- RoNW
- 77.82%
- PAT Margin
- 10.54
Fundamentals
- Debt / Equity
- 0.47
- Price / Book
- 6.08
Trom Industries Limited Financials( In Lakhs)
| 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 |
Trom Industries Limited Company & Offer Insights
About Trom Industries Limited
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)
Jignesh Patel, Pankaj Pawar are the company's promoters of Trom Industries Limited.
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.
Trom Industries Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Trom Industries Limited | 8.88 | 8.88 | 18.9 | 12.98 | 77.82 | 6.08 | Standalone |
| Alpex Solar Limited | 14.12 | 14.12 | 53.5 | 63.86 | 20.28 | 16.86 | Standalone |
| Australian Premium Solar (India) Limited | 3.12 | 3.12 | 24.36 | 171.15 | 12.8 | 8.26 | Standalone |
| Solex Energy Limited | 10.92 | 10.92 | 57.8 | 137.79 | 18.89 | 14.38 | Standalone |
Notes:
- 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.
- 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.
- 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 Information
Contact Details
Trom Industries Limited
+91-079 29656678
http://www.tromindustries.com/
4th Floor, 421, Pramukh Tangent, NR. Sargasan Cross Road, Gandhinagar - 382421
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Trom Industries Limited IPO is a book-built IPO worth ₹31.37 crore. The price band is ₹110–₹115 per share. The IPO opens on Jul 25, 2024 and closes on Jul 29, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Trom Industries Limited IPO is ₹110 to ₹115 per share.
The lot size of Trom Industries Limited IPO is 1200 shares.
The minimum investment for Trom Industries Limited IPO is approximately ₹1,38,000 based on the upper price band .
Trom Industries Limited IPO opens on Jul 25, 2024 and closes on Jul 29, 2024.
The allotment date of Trom Industries Limited IPO is Jul 30, 2024.
Trom Industries Limited IPO is expected to be listed on Aug 1, 2024, on NSE SME Platform.
Trom Industries Limited IPO valuation snapshot: P/E 18.46, EPS ₹6.23/-, P/B 6.08, RoNW 77.82%, and market cap N/A.
To apply for Trom Industries Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Trom Industries Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Trom Industries Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Trom Industries Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Trom Industries Limited IPO allotment status on IPO Ji for quick and easy access.