Trom Industries is scheduled to hit the market on July 25, 2024 and close on July 29, 2024. Trom Industries plans to raise around ₹31.37 Cr through an IPO with a sale of up to 2,727,600 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Founded in 2011, Trom Industries Limited is a solar EPC company that specializes in various solar energy solutions, including residential rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights. The company focuses on designing and implementing customized solar systems for individual homes, as well as planning and constructing large-scale solar power installations tailored to industrial needs. Additionally, Trom Industries develops ground-mounted solar collectors and supplies solar street lights for both public and commercial use.
The product portfolio of Trom Industries includes a range of solar products such as solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps. They also offer AC LED lights, including AC LED street lights and AC LED flood lights. As of March 1, 2024, the company employs 31 staff members, which includes directors and key management personnel.
Trom Industries IPO Details
Trom Industries IPO opens on July 25, 2024, and closes on July 29, 2024. The Listing date for Trom Industries IPO is on August 01, 2024. The price band for IPO is ₹100 to ₹115 per share and lot size of 1200 Shares.
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | August 01, 2024 |
| Price | ₹100 to ₹115 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹31.37 Cr |
| Face Value | ₹10 per share |
Trom Industries IPO Tentative Timetable
Trom Industries opening date is July 25, 2024 and close date is July 29, 2024. The IPO allotment date is July 30, 2024. The refund initiation of IPO is on July 31, 2024. The credit of shares in demat account is on July 31, 2024. The listing date is on August 01, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 25, 2024 |
| IPO Closing | July 29, 2024 |
| IPO Allotment Date | July 30, 2024 |
| Refund Initiation | July 31, 2024 |
| Shares Credit to Demat | July 31, 2024 |
| Lisiting Date | August 01, 2024 |
Trom Industries IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹138,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹138,000 |
| Retail(Maximum) | 1 | 1200 | ₹138,000 |
| HNI (Minimum) | 2 | 2400 | ₹276,000 |
Trom Industries IPO Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding | 69.52% |
Trom Industries IPO Review
Founded in 2011, Trom Industries Limited specializes in solar EPC (Engineering, Procurement, and Construction) projects, catering to both residential and industrial sectors. Their expertise spans a wide range of solar solutions including residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom Industries focuses on custom-designed solar systems for homes, large-scale solar installations for industrial purposes, and the development of ground-mounted solar collectors. Additionally, the company supplies and installs solar street lights for public and commercial areas. The product portfolio of Trom Industries includes solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps, as well as AC LED street lights and AC LED flood lights.
As of March 1, 2024, Trom Industries Limited employed 31 staff members, including directors and key management personnel. The company has experienced significant financial growth, with revenue increasing by 125.98% and profit after tax (PAT) rising by a staggering 1885.2% between the financial years ending March 31, 2024, and March 31, 2023. For the fiscal year ending March 31, 2024, Trom Industries reported total assets of ₹2,919.93 lakhs, revenue of ₹5,454.68 lakhs, and a PAT of ₹572.93 lakhs. The company’s net worth stood at ₹1,222.57 lakhs, with reserves and surplus amounting to ₹575.84 lakhs, and total borrowing at ₹573.71 lakhs. Key performance indicators as of March 31, 2024, include a Return on Equity (ROE) of 77.82%, Return on Capital Employed (ROCE) of 47.11%, a debt-to-equity ratio of 0.47, Return on Net Worth (RoNW) of 77.82%, a price-to-book value (P/BV) ratio of 6.08, and a PAT margin of 10.54%.
Trom Industries Limited is set to launch its IPO with a market capitalization of ₹105.74 crores. The IPO aims to raise funds for capital expenditure requirements towards the setup of a solar power plant, meeting working capital requirements, and general corporate purposes. The pre-IPO EPS is calculated at ₹8.86, with a P/E ratio of 12.98, while the post-IPO EPS is ₹6.23, with a P/E ratio of 18.46. This indicates a strategic move by Trom Industries to leverage additional funds for expansion and operational enhancement, positioning the company for continued growth and market presence in the renewable energy sector.
Trom Industries IPO Subscription Status (Bidding Details)
Table not foundTrom Industries IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Trom Industries IPO FAQs
What is Trom Industries IPO?
Trom Industries is issuing 2,727,600 equity shares with a face value of ₹10 each, totaling up to ₹31.37 Cr. The shares are being offered at a price of ₹100 to ₹115 each, with a minimum order quantity of 1200 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Trom Industries IPO will open?
Trom Industries will open on July 25, 2024 for QIB, NII, and Retail Investors.
When Trom Industries IPO will end?
Trom Industries will end on July 29, 2024.
What is Trom Industries IPO Size?
Trom Industries IPO size is ₹31.37 Cr.
What is Trom Industries IPO Price Band?
Trom Industries price band is ₹100 to ₹115 per share.
What is the Trom Industries IPO Allotment Date?
Trom Industries allotment date is July 30, 2024.
What is the Trom Industries IPO Listing Date?
Trom Industries listing date is August 01, 2024. The IPO is to be listed on BSE and NSE.
How to Trom Industries IPO through Zerodha?
To apply for the IPO “Trom Industries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Trom Industries IPO through Upstox?
To apply for the IPO “Trom Industries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Trom Industries IPO Allotment Status?
For Trom Industries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Trom Industries IPO GMP?
You can check out here: Trom Industries IPO GMP