Trom Industries IPO Details
Trom Industries has announced its Initial Public Offering (IPO) date. The IPO will open on July 25, 2024, and will close on July 29, 2024. Trom Industries aims to raise ₹31.37 crores through this NSE SME IPO. The price band for the IPO is set at ₹100 to ₹115 per share, with a market lot of 1200 shares.
Trom Industries Company Overview
Trom Industries Limited is a Solar EPC (Engineering, Procurement, and Construction) company. It specializes in various solar projects including:
- Residential solar rooftops
- Industrial solar power plants
- Ground-mounted solar power plants
- Solar street lights
The company provides comprehensive services such as engineering design, material procurement, on-site construction, and project management, ensuring adherence to regulatory standards across different sectors. Trom Industries also engages in the trading and distribution of solar panels, inverters, and related materials. Additionally, they have ventured into green hydrogen projects, marking a significant step towards sustainable energy solutions. Trom Industries’ warehouse is located in Gandhinagar, Gujarat, India.
IPO Details
- IPO Open Date: July 25, 2024
- IPO Close Date: July 29, 2024
- IPO Size: ₹31.37 Crores (2,727,600 Equity Shares)
- Face Value: ₹10 Per Equity Share
- IPO Price Band: ₹100 to ₹115 Per Equity Share
- 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
Market Lot
- Minimum Market Lot: 1200 shares
- Application Amount: ₹138,000
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Min | 1 | 1200 | ₹138,000 |
| Retail Max | 1 | 1200 | ₹138,000 |
| S-HNI Min | 2 | 2400 | ₹276,000 |
IPO Dates
- 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
How to Apply
You can apply for the Trom Industries IPO via ASBA available in your bank account or through IPO forms downloadable from the NSE website. Here’s a brief on how to apply through different platforms:
Zerodha
- Log in to Console in Zerodha Website/Application.
- Go to Portfolio and click on IPO.
- Select “Trom Industries” and click on the Bid button.
- Enter your UPI ID, Quantity, and Price, then submit the form.
- Approve the mandate in your UPI App.
Upstox
- Log in to Upstox Application.
- Select the IPO and click on the Bid button.
- Confirm your application.
- Approve the mandate in your UPI App.
Paytm Money
- Log in to Paytm Money Application.
- Select the IPO and click on the Bid button.
- Confirm your application.
- Approve the mandate in your UPI App.
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 |
Valuation – FY2024
- Earning Per Share (EPS): ₹8.88 per Equity Share
- 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
IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: Kfin Tech
Lead Managers
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: Trom Industries
FAQs
What is Trom Industries IPO?
Trom Industries IPO is an NSE SME IPO aiming to raise ₹31.37 Crores. The price is set at ₹100 to ₹115 per equity share.
When will Trom Industries IPO open?
The IPO will open on July 25, 2024.
What is the investors’ portion?
The allocation is 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How to apply for the Trom Industries IPO?
You can apply online via ASBA through your bank account or UPI through your stock brokers. Offline forms are also available for download from the NSE website.
What is the minimum and maximum lot size?
The IPO bid is 1200 shares with an amount of ₹138,000.
What are the allotment and listing dates?
The allotment date is July 30, 2024, and the listing date is August 1, 2024.
Stay tuned for more updates on the Trom Industries IPO.
