Trom Industries IPO Details: Trom Industries IPO date is fixed, The IPO will open on July 25, 2024 and will close on July 29, 2024. Trom Industries is a NSE SME IPO to raise ₹31.37 crores via IPO. The Trom Industries IPO price band is fixed at ₹100 to ₹115 with a market lot of 1200 shares.
Trom Industries Limited is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftops, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom is engaged in the comprehensive development of diverse solar projects. For residential rooftop installations, Trom designs and implements solar systems tailored to individual homes. In the industrial sector, the company scales up its operations to design and construct larger solar power plants catering to industrial needs. Ground-mounted solar power plants involve the development of solar arrays on open land.
Additionally, the company extends its services to include the Supply and Installation of solar street lights for public and commercial areas. Their business encompasses engineering design, procurement of materials, on-site construction, project management, and adherence to regulatory standards across various sectors. Their solar applications contribute to the growth of sustainable energy solutions across residential, industrial, public domains, and government sectors. Also, their business operations encompass the extensive trading and distribution of a diverse range of products, including solar panels, inverters, and an array of materials intricately connected to the establishment and functioning of solar power plants. Furthermore, they were also engaged in the trading of all types of footwear on a very small scale during the stub period. They are actively engaged in developing green hydrogen projects as a pivotal aspect of their future business endeavors. Their warehouse is located at Gandhinagar, Gujarat, India.
Objects of the Issue:
- 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
- To be updated 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 Market Lot
The Trom Industries IPO minimum market lot is 1200 shares with a ₹138,000 application amount.
| 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 Dates
The Trom Industries IPO date is July 25 and the IPO close date is July 29. The IPO allotment date is July 30 and the IPO might list 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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Trom Industries IPO Form
How to apply Trom Industries IPO? You can apply Trom Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Trom Industries IPO in the Invest section. The other option you can apply Trom Industries IPO via IPO forms download via the NSE website. Check out the Trom Industries forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
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 is Trom Industries IPO?
Trom Industries IPO is an NSE SME IPO. They are going to raise ₹31.37 Crores via IPO. The issue is priced at ₹100 to ₹115 per equity share. The IPO is to be listed on NSE.
When Trom Industries IPO will open?
The IPO is to open on July 25, 2024 for QIB, NII, and Retail Investors.
What is Trom Industries IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Trom Industries IPO?
You can apply Trom Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
